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Refereed essays Web of Science
It is European Commission policy to charge modes of transport according to the marginal social cost of their use of the infrastructure, including environmental costs. However, progress in implementing this process has been slow, partly because of the difficulty of measuring and valuing these costs. This need has led to a great deal of research in this area in recent years. The paper presents the results ...
In:
Transport Reviews
26 (2006), 4, S. 389-415
| Peter Bickel, Rainer Friedrich, Heike Link, Louise Stewart, Chris Nash
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Refereed essays Web of Science
Russia's system of fiscal federalism is examined and evaluated. Current theories of fiscal federalism provide criteria for evaluating such systems. Developments in OECD countries are examined to provide comparative perspectives. Data from Russia's Goskomstat and the Ministry of Finance, which provide an overview of Russia's regional economic characteristics, are used to apply the selected evaluation ...
In:
Post-Soviet Affairs
22 (2006), 3, S. 189-224
| Ulrich Thießen
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Refereed essays Web of Science
This paper allows for endogenous costs in the estimation of price cost margins. In particular, we estimate price-cost margins when firms bargain over wages. We extent the standard two-equation set-up (demand and first-order condition in the product market) to include a third equation, which is derived from bargaining over wages. In this way, price-cost margins are determined by wages and vice versa. ...
In:
The Journal of Industrial Economics
54 (2006), 3, S. 351-368
| Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
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Refereed essays Web of Science
Tax competition may be different in "new economic geography settings" compared to standard tax competition models. If the mobile factor is completely agglomerated in one region, it earns an agglomeration rent which can be taxed. Closer integration first results in a "race to the top" in taxes before leading to a "race to the bottom". We reexamine these issues in a model that produces stable equilibria ...
In:
European Economic Review
50 (2006), 3, S. 647-668
| Rainald Borck, Michael Pflüger
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Refereed essays Web of Science
As a dependent variable, party choice did not lend itself to analysis by means of powerful multivariate methods until the coming of discrete-choice models, most notably conditional logit and multinomial logit. These methods involve estimating effects on party preferences (utilities) that are post hoc derived from the data, but such estimates are plagued by a number of difficulties. These difficulties ...
In:
Electoral Studies
25 (2006), 3, S. 424-447
| Cees van der Eijk, Wouter van der Brug, Martin Kroh, Mark Franklin
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Refereed essays Web of Science
This paper performs a comparative analysis of estimation as well as of out-of-sample forecasting results of more than 20 estimators common in the panel data literature using the data on migration to Germany from 18 source countries in the period 1967-2001. Our results suggest that the choice of an estimation procedure has a substantial impact on the parameter estimates of the migration function. Out-of-sample ...
In:
Empirical Economics
31 (2006), 3, S. 735-754
| Boriss Siliverstovs, Herbert Brücker
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Refereed essays Web of Science
In this paper we perform a comparative study of the forecasting properties of the about 30 alternative leading indicators for Germany using the growth rates of German real GDP. In addition to them, we have constructed a diffusion index based on the principal component analysis and including 145 component series that reflect all the facets of German economy. We use the post-unification data which cover ...
In:
Jahrbücher für Nationalökonomie und Statistik
226 (2006), 3, S. 234-259
| Konstantin A. Kholodilin, Boriss Silverstovs
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Refereed essays Web of Science
We analyse forecasts of professional forecasters for Germany regarding the time span from 1970 to 2004. This novel panel data set renders it possible to assess the accuracy and efficiency of growth and inflation forecasts more efficiently than in previous studies. We argue that the forecasts are, on average, unbiased and weakly - but not strongly - efficient. Using model confidence sets suggested by ...
In:
Empirical Economics
31 (2006), 3, S. 777-798
| Jörg Döpke, Ulrich Fritsche
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Refereed essays Web of Science
This study examines the export-led growth hypothesis using annual time-series data from Chile in a production function framework. It addresses the limitations of the existing literature and focuses on the impact of manufactured and primary exports on productivity growth. In order to investigate if and how manufactured and primary exports affect economic growth via increases in productivity, several ...
In:
The Developing Economies
44 (2006), 3, S. 306-28
| Boriss Siliverstovs, Dierk Herzer, Felicitas Nowak-Lehmann D.
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Refereed essays Web of Science
We provide an axiomatization of Yitzhaki's index of individual deprivation. Our result differs from an earlier characterization due to Ebert and Moyes in the way the reference group of an individual is represented in the model.
In:
Economics Letters
90 (2006), 3, S. 421-426
| Walter Bossert, Conchita D'Ambrosio