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Abel Escribà-Folch 《Constitutional Political Economy》2009,20(1):71-93
This paper explores the effect of dictatorial institutions on revenue composition. The higher the degree of institutionalization
of the regime, the higher the perceived levels of legitimacy, efficiency and credibility, so taxes that require cooperation
and compliance can be more effectively collected from the population. Institutionalized regimes thus make sense if non-tax
revenue sources are scarce so limited representation must be granted in exchange of economic support. Our selection-corrected
results show that more institutionalized regimes are able to collect more taxes on income, profits and capital gains, taxes
on goods and services, taxes on property and payroll taxes.
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Abel Escribà-FolchEmail: |
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In this article, we contribute to the understanding of the role that external risk perceptions play in decisions regarding
the combination of company-owned and franchised units in the hospitality industry, and to knowledge of the impact of specific
CEO characteristics on perceptions of environmental uncertainty. We examine the effects of tenure, an entrepreneurial nature
and the innovative attitude of the CEO on the perception of external risk, and address the direct and indirect consequences
of such perceptions of external risk on the configuration of the network of outlets. Our results show a significant relationship
between the characteristics of the CEO and the perception of risk but, contrary to expectations, risk perception is associated
with a lower degree of franchised outlets within the ownership mix. 相似文献
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Francisco Javier Escribá-Pérez María José Murgui-García 《Journal of Productivity Analysis》2018,49(1):95-109
This paper analyses the effects of the intensity of regulations in the product and labour markets on the growth of total factor productivity (TFP) for 121 European regions. A technological catch-up model is estimated for the period 1995–2007. We use the spatial lag of X (SLX) model to capture possible spatial interactions across spatial units. Our empirical findings show that lower levels of regulation are associated with higher TFP growth. Lower barriers to entrepreneurship and lower bureaucratic costs have a positive effect on productivity growth. Corruption raises operational costs, distorts the allocation of resources and negatively affects innovation activities, thereby reducing TFP growth. Further liberalization in the labour market (in terms of hiring and firing regulation, working hours regulation and employment protection legislation) has a significant positive effect on the growth of TFP. In addition, both regional technological and regional human capital have a positive impact on the TFP growth in European regional economies. 相似文献
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Results obtained by Otto and Voss show that public investment undertaken in Australia over recent decades satisfies conditions for intertemporal efficiency. This paper confirms this result, although lower output elasticities and rates of return to private and public capital are obtained. The reason for these results is that the earlier work is extended by estimating the parameter related to the elasticity of intertemporal substitution that was earlier restricted to a specific value. In fact, it is shown here that it is possible to obtain an economically reasonable (and statistically significant) estimate of this parameter by assuming that the stochastic discount factor for the representative firm is the same as for the representative consumer and equal to a gross real interest rate. 相似文献
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