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Microsoft Word - DP CCCTB voorblad.doc
... malta netherlands poland portugal romania slovak republic slovenia spain sweden united kingdom japan united states source european commission and orbis database households following the overlapping generations model of diamond, households ... 6) and (7) differ from (8) and (9) due to the second term on the rhs in (6) and (7). comparing (7) and (9) shows that consolidation unambiguously reduces labour ...
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disc159.pdf
... us to calculate an approximation of active household savings. the main source of information for the de...nition of active savings comes from ... 1510 explanatory note these ...gures are related to the survey 2005. source dhs, own computa- tions most? . answers to this question are reported ... ) log et (c ) 2 (21) substituting for log et (c ) in the rhs of 21 from the same 21 log et (c ) ' et log (c ...
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doc211.pdf
... gap. figure 4 market and government failures isolated islands (lhs) and big banks (rhs) capture commitment coordination governance failure information spillovers interconnectedness government failure market failure capture ... and reputation. in case bank assets are opaque, information spillovers are an important source of instability. if banks are able to securitize and sell their assets, then ...
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discounting investments mitigation and adaptation pdf
... a high expected rate of return. the use of a different energy source as input may besides affecting the expected rate of return also ... positive risk premium, which is reflected by the first part of the rhs sign of the effect of temperate on the risk premium for ... leads to a positive risk premium as the first part on the rhs of (2.18) shows. this conclusion is reversed when consumption and temperature ...
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skill premium technological change and appropriability pdf
... high educationbc r d intensity manufacturing patents per million r dd a source machin and van reenen (1998). b source oecd employment outlook (1993). c share of college educated, for 1970, ... d relies relatively more on the appropriated intertemporal spillovers (see the second term on the rhs economy-wide level, appropriability of dynamic gains becomes more important when growth increases. hence, ...
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testing consumers asymmetric reaction wealth changes pdf
... finally we drop those observations with item non responses on questions like education and gender. source sep, own computations in the sep, the questions eliciting subjective expectations and realisations refer both ... a ssw the present discounted value of future incomes and benefits is included as a rhs variable in the ordered probit model (ssw). this variable is derived under several assumptions ...
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129 The Welfare Gains From Stab [PFP#1092202722]
... of a monetary union is to view exchange rates as a source of risk. monetary policymakers may decide not to devalue a currency ... the reduced-form expression for the interest rate 12 % (15) the rhs of (14) contains three terms. the first amounts to a weighted ... describes the effect of exchange rate variability upon the interest rate the rhs of (16) reflects three effects. the first is that, depending on ...
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cpb discussion paper 217 childcare subsidies and labour supply pdf
... parents (millions of euro) year childcare subsidies eitcs for parents combinatiekortinga inkomensafhankelijke combinatiekortingb source ministry of finance (2010) and own calculations (imputation of employers' contribution for childcare ... effect. given the assumptions of the heckman selection model, all terms on the rhs of both the conventional and the staub decomposition can be derived (see the ...
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Manager turnover and firm performance
... measure household deposit and equity relative to household total assets instead of gdp (bottom -rhs). note that the axes (ie the principal components themselves) cannot be compared because ... of foreign-owned banks, cooperative banks, and listed banks as fraction total banking assets (source bankscope) foreign owned cooperative listed austria belgium bulgaria cyprus czech republic denmark estonia ...
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