Propertyless in Peru,Even with a Government Land Title

This article investigates the ability and process of government land titling as a method to achieve secure property rights institutions. Specifically, we analyze the impact of government land titling in rural Peru. Our findings suggest that land titling does not achieve the positive benefits associated with secure property, such as access to credit. We also find that individuals prefer private enforcement methods of securing property to public means. This suggests that government land titling is not always a channel through which countries can achieve secure property rights institutions.     

Lösungen für die Ölkrise

Ohne Zusammenfassung Claudia Kemfert leitet die Abteilung Energie, Verkehr, Umwelt am Deutschen Institut für Wirtschaftsforschung (DIW Berlin)     

Working Towards Empirically-Based Continuous Improvements in Service Learning

This empirical study reports the implementation and assessment of service learning in management education. Principles of Management students worked in teams to support Campus Kitchens, a national program affiliated with colleges and universities, in recovering surplus food and delivering it to community members. Student perceptions regarding civic engagement and social responsibility, application of skills, and professional development were assessed. Two complete cycles of implementation and assessment are chronicled. The sample size for Cycle 1 was 123 students and for Cycle 2 the sample size was 91 students. The authors describe how empirical as well as anecdotal data drove the changes made to improve the service-learning experience.     

Are we Austrian economists?

The Review of Austrian Economics - This paper is based on the Presidential Address given at the 2019 Society for the Development of Austrian Economics Annual Meeting. In these remarks, I explore...     

Hausnotruf: Mehr Freiheit im Alter

Neue Kundenpotenziale in der ambulanten Pflege - Die 2010 ver?ffentlichte Studie „Wirkungs- und Potenzialanalyse zum Hausnotruf in Deutschland“ best?tigt, dass der Hausnotruf den Umzug in ein Pflegeheim verz?gern oder sogar vermeiden kann. Das wünscht sich nahezu jeder ?ltere Mensch: so lange wie m?glich selbstbestimmt in den eigenen vier W?nden zu leben. Hausnotruf ist für Pflegedienste gleichzeitig sowohl ein guter Einstieg als auch eine perfekte Erg?nzung zur ambulanten Pflege.     

Exchange Rates and FDI: Goods versus Capital Market Frictions

Changes in exchange rates affect countries through their impact on cross‐border activities such as trade and foreign direct investment (FDI). With increasing activities of multinational firms, the FDI channel is likely to gain in importance. Economic theory provides two main explanations why changes in exchange rates can affect FDI. According to the first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and if investment depends on firms’ net worth (capital market friction hypothesis). According to the second explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm‐specific assets are important (goods market friction hypothesis). We provide a unified theoretical framework of these two explanations. We analyse the implications of the model empirically using a dataset based on detailed German firm‐level data. We find greater support for the goods market than for the capital market friction hypothesis.     

Does Export Openness Increase Firm‐level Output Volatility?

There is a widespread concern that increased trade may lead to increased instability and thus risk at the firm level. Greater export openness can indeed affect firm‐level volatility by changing the exposure and the reaction of firms to macroeconomic developments. The net effect is ambiguous from a theoretical point of view. This paper provides firm‐level evidence on the link between openness and volatility. Using comprehensive data on more than 21,000 German manufacturing firms for the period 1980–2001, we analyse the evolution of firm‐level output volatility and the link between volatility and export openness. Our paper has three main findings. First, firm‐level output volatility is significantly higher than the level of aggregate volatility, but it displays similar patterns. Second, increased export openness lowers firm‐level output volatility. This effect is primarily driven by variations along the extensive margin, i.e. by the distinction between exporters and non‐exporters. Variations along the intensive margin, i.e. the volume of exports, tend to have a dampening impact on volatility as well. Third, small firms are more volatile than large firms.     

TAX COMPETITION AS A CAUSE OF FALLING CORPORATE INCOME TAX RATES: A SURVEY OF EMPIRICAL LITERATURE

Abstract Since the mid 1980s, tax rates on corporate income have declined in most industrialized countries. Tax competition between countries for mobile capital has frequently been mentioned as an explanation for this development. A vast empirical literature dealing with tax competition for mobile capital has emerged. This paper categorizes and summarizes the existing empirical studies on this issue. Particular focus is placed on the isolation of the substantive implications the quantitative study outcomes convey. Given the empirical evidence surveyed, it appears that tax rates indeed decline due to tax competition between countries, and in particular due to competition for profits. In addition to summarizing the substantive implications of the existing empirical literature, the paper addresses the question of whether the existing studies can convincingly isolate tax competition as a driver of falling corporate income tax rates.     

Price,wage and employment response to shocks: evidence from the WDN survey

We analyse the relative intensity and character of price vs. cost and wage vs. employment firm-level adjustment to cost-push shocks in the European System of Central Banks Wage Dynamics Network (WDN) survey data set. The results document several statistically significant and theoretically sensible relationships: price increases are less likely when product market competition is more intense, and more likely when collective wage agreements or employment protection legislation constrain firm-level reactions. We discuss how changes of such structural and institutional features of firms and of their environment may underlie the evolution of macroeconomic adjustment mechanisms in Europe.