Using panel data on investment of firms in energy saving technology, we measure the impact of the payback period of the technology on the probability to adopt the technology in the absence of tax and subsidy incentives. We find that the decision rules to adopt energy saving technology differs substantially between different types of firms, i.e. for-profit/notfor-profit as the decision to adopt ...

A recent empirical literature has arisen documenting the response of one nation’s policy choices, including tax, environmental, and labour policies, to those of others. This has been largely interpreted as evidence of competition, be it for mobile resources (like FDI, taxable book income, etc.) or yardstick. We present a third explanation based on learning. When countries’ tax choices reflect p...

We have carried out a principal component analysis for 625 gamma-ray bursts in the BATSE 3B catalog for which non-zero values exist for the nine measured variables. This shows that only two out of the three basic quantities of duration, peak flux and fluence are independent, even if this relation is strongly affected by instrumental effects, and these two account for 91.6% of the total informat...

The aim of this paper is to quantitatively investigate the interaction between the firms’ choice to operate in the formal or the informal sector and the government policy on taxation and enforcement. Informality is here defined as unregistered firms in legal activities. I develop quantitative theory, in general equilibrium, using the main determinants of informality: taxes, enforcement, regulat...

We have carried out a principal component analysis for 625 gamma-ray bursts in the BATSE 3B catalog for which non-zero values exist for the nine measured variables. This shows that only two out of the three basic quantities of duration, peak flux and fluence are independent, even if this relation is strongly affected by instrumental effects, and these two account for 91.6% of the total informat...

In recent years, the potential of glycosylated food components to positively influence health has received considerable attention. Milk is a rich source of biologically active glycoconjugates which are associated with antimicrobial, immunomodulatory, anti-adhesion, anti-inflammatory and prebiotic properties. Glycomacropeptide (GMP) is the C-terminal portion of kappa-casein that is released from...

This paper analyses the impact of the corporate tax reform introduced in Italy at the beginning of 2004 on firms’ tax burden. For this purpose we develop a microsimulation model reproducing the Italian corporate tax system. The model is based on an integrated dataset combining ISTAT (Italian Institute of Statistics) survey data on enterprises and company accounts, for the year 2000. The empiric...

Finance and Growth at the Firm Level: Evidence from SBA Loans* We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history, and with instrumental variables capturi...

A Gram-negative, non-motile, non-spore-forming, halophilic rod, designated JPCCMB0017(T), was isolated from a marine sediment of the coastal area of Okinawa, Japan. The isolate formed orange-red colonies on marine agar. Bacteriochlorophyll α was absent and sphingoglycolipid 1 and other carotenoids, including astaxanthin, adonixanthin and zeaxanthin, were present. Ubiquinone-10 (Q-10) was the ma...

This paper analyses the fiscal pressure from population ageing using an intertemporal CGE model, applied to Australia, and compares the results with those of a recent governmentcommissioned study. The latter study uses an alternative modelling approach based on extrapolation rather than optimizing behaviour of consumers and firms. The deadweight losses from the fiscal pressure caused by populat...