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  • 2009/14: On the equivalence of location choice models: conditional logit, nested logit and poisson

    Kurt Schmidheiny, Marius Brülhart

    It is well understood that the two most popular empirical models of location choice-conditional logit and Poisson - return identical coefficient estimates when the regressors are not individual specific. We show that these two models differ starkly in terms of their implied predictions. The conditional logit model represents a zero-sum...

    2009/13: The determinants of University patenting: do incentives matter?

    Tomás del Barrio-Castro, José García-Quevedo

    In recent years various studies have examined the factors that may explain academic patents. Existing analyses have also underlined the substantial differences to be found in European countries in the institutional framework that defines property rights for academic patents. The objective of this study is to contribute to the empirical...

    2009/12: Bohemians, Human Capital, and Regional Economic Growth

    Oliver Falck, Michael Fritsch, Stephan Heblich

    An emerging literature on the geography of bohemians argues that a region’s lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across space, which in turn, explains geographic disparities in economic growth. However, to date, there has been little or no empirical attempt to...

    2009/09: What does it take for and R&D tax incentive policy to be effective?

    Pierre Mohnen, Boris Lokshin

    We take a critical look at how to assess the effectiveness of R&D tax incentives. The net welfare gain is shown to be sensitive to a certain number of parameters. In particular, the deadweight loss associated with level-based tax incentives depends on the ex-ante R&D level. We report on the...

    2009/08: Immigrant wages in the Spanish labour market: does the origin of human capital matter?

    Esteban Sanromà, Raúl Ramos, Hipólito Simón

    The aim of this paper is to analyse the role played by the different components of human capital in the wage determination of recent immigrants within the Spanish labour market. Using microdata from the Encuesta Nacional de Inmigrantes 2007, the paper examines returns to human capital of immigrants, distinguishing between...

    2009/05: Agglomeration, tax competition, and fiscal equalization

    Matthias Wrede

    This paper analyzes the impact of fiscal equalization on asymmetric tax competition when positive agglomeration externalities are present. It shows that equalization of standardized tax revenue improves the spatial allocation of capital provided that agglomeration externalities are sufficiently strong.