![]() Bertinelli, Luisito ![]() ![]() ![]() in Applied Economics Letters (in press) We investigate the impact of corruption on tax compliance using a sample of 700 small business in Bamako, Mali. The main contribution of this paper is to focus on micro-enterprises (including semi-formal ... [more ▼] We investigate the impact of corruption on tax compliance using a sample of 700 small business in Bamako, Mali. The main contribution of this paper is to focus on micro-enterprises (including semi-formal and informal ones), while existing works concentrate on large and formal firms. Our results show that (i) even very small firms pay taxes (two-thirds of firms pay taxes in our sample); and, (ii) paying bribes reduces significantly tax compliance. This latter finding is robust (i) to the addition of a set of control variables accounting for other determinants, (ii) to treatment for endogeneity, and (iii) the use of a different proxy for tax compliance. [less ▲] Detailed reference viewed: 120 (1 UL)![]() Bertinelli, Luisito ![]() in Journal of Economic Dynamics and Control (2020), 117 Using a panel of eighteen OECD countries, we find empirically that the long-run effects of higher productivity of tradables relative to non-tradables vary across time, space and stages of the business ... [more ▼] Using a panel of eighteen OECD countries, we find empirically that the long-run effects of higher productivity of tradables relative to non-tradables vary across time, space and stages of the business cycle. More specifically, our evidence reveals that elasticities of the relative wage and relative price of non-tradables with respect to relative productivity of tradables increase over time. Our estimates also show that the fall in the relative wage is more pronounced whilst the appreciation in the relative price is less in countries where labor markets are more regulated and during periods of recession. To rationalize the evidence, we differentiate between labor mobility costs caused by job search efforts and hiring costs resulting from search frictions in the labor market in a two-sector open economy model. While time-declining labor mobility costs can account for the time-increasing effects of a productivity differential, international differences in labor market regulation and variations of hiring costs across the business cycle, respectively, can rationalize the cross-country and state-dependent effects we estimate empirically. Finally, labor market frictions have important implications for sectoral unemployment since labor mobility and hiring costs bias labor demand toward the traded sector which results in a greater decline in unemployment in tradables relative to unemployment in non-tradables following higher relative productivity. [less ▲] Detailed reference viewed: 16 (0 UL)![]() Bertinelli, Luisito ![]() ![]() ![]() E-print/Working paper (2019) In this paper, we analyze theoretically and empirically the effects of tax changes on firms’ profits in extractive industries. In the theoretical part, we assume a country that levies a profit tax and a ... [more ▼] In this paper, we analyze theoretically and empirically the effects of tax changes on firms’ profits in extractive industries. In the theoretical part, we assume a country that levies a profit tax and a royalty on the profits of extractive firms to maximize its tax revenues. The mining companies may reduce their taxable income by cost manipulation. By analyzing the optimal choice of the government and of the firms, we first establish the optimal tax policy and then we investigate the impact of the optimal fiscal policy on firms’ profits. In the empirical part of the paper, we estimate the effect of the profit tax and royalty on the extracting firms’ profit in African countries during the period spanning from 2007 to 2018. We use the Mining Intelligence database to constitute a panel of annual individual data from a database of 363 gold mines located in 21 Sub-Saharan countries. We obtain an inverse relationship between the tax rate change of the two tax instruments and the profit of the firms. [less ▲] Detailed reference viewed: 20 (1 UL)![]() Bertinelli, Luisito ![]() ![]() ![]() E-print/Working paper (2019) Rare earth elements govern today’s high-tech world and are deemed to be essential for the attainment of sustainable development goals. Since the 1990s, these elements have been predominantly supplied by ... [more ▼] Rare earth elements govern today’s high-tech world and are deemed to be essential for the attainment of sustainable development goals. Since the 1990s, these elements have been predominantly supplied by one single actor, China. However, due to the increasing global relevance of their availability, other countries are now encouraged to enter the market. The objective of this paper is to analyze the strategic interactions among (potential) suppliers. In particular, we are interested in (1) the optimal timing for a newcomer (e.g. the U.S.) to enter the market, (2) the incumbent’s (i.e. China’s) optimal behavior, and (3) the cost-efficiency of cooperative vs. competitive market relations. By setting up a continuous-time dynamic game model, we show that (1) the newcomer should postpone the production launch until its rare earth reserves coincide with those of the incumbent, (2) the incumbent should strive for a late market entry and therefore keep its monopolistic resource extraction at the lowest possible level, (3) compared to the payoffs under competition, cooperation leads to a Pareto improvement when started at an early stage. The findings of our model are particularly relevant for the rational strategic positioning of the two great powers, America and China. [less ▲] Detailed reference viewed: 119 (22 UL)![]() Bertinelli, Luisito ![]() ![]() ![]() E-print/Working paper (2018) We investigate the impact of corruption on tax compliance using a sample of 700 small business in Bamako, Mali. Our results show that paying bribes reduced tax compliance by almost ten percentage points. Detailed reference viewed: 93 (1 UL)![]() Bertinelli, Luisito ![]() in Environmental Modeling & Assessment (2017) To reach a common target of environmental quality, countries can choose to commit to a stream of pollution abatement right from the beginning of the game or decide upon abatement at each moment of time ... [more ▼] To reach a common target of environmental quality, countries can choose to commit to a stream of pollution abatement right from the beginning of the game or decide upon abatement at each moment of time. Though most of the previous literature studies homogeneous strategies where no country or all countries commit to a (same) predefined policy, reality goes along a different way: some countries make more efforts than others to reduce pollutant emission. The main novelty of this paper resides in the introduction of this kind of heterogeneous strategic behavior currently observed among large pollution nations. We find that the pollution level can be lower under heterogeneous than under homogeneous strategies. A stringent environmental quality target will induce the committed player to produce an abatement effort that more than compensates the free-riding attitude of the non-committed player. [less ▲] Detailed reference viewed: 171 (8 UL)![]() Bertinelli, Luisito ![]() ![]() in Economics Bulletin (2016), 36(3), 1805-1810 This paper contributes to measuring the influence of business (and tax) law reforms on sub-Saharan African countries tax mobilization ability. Relying on a new business law reform indicator, our results ... [more ▼] This paper contributes to measuring the influence of business (and tax) law reforms on sub-Saharan African countries tax mobilization ability. Relying on a new business law reform indicator, our results validate the significant impact of corporate law modernization on governmental revenue, and unearth a complementary effect between business and tax law reforms. [less ▲] Detailed reference viewed: 121 (6 UL)![]() ![]() Bertinelli, Luisito ![]() ![]() in Hiez, David; Menetrey, Séverine (Eds.) L'effectivité du droit économique dans l'espace OHADA (2016) Detailed reference viewed: 57 (5 UL)![]() Bertinelli, Luisito ![]() ![]() Scientific Conference (2014, November) Detailed reference viewed: 112 (8 UL)![]() ![]() Bertinelli, Luisito ![]() Scientific Conference (2014, July 13) Detailed reference viewed: 126 (10 UL)![]() Bertinelli, Luisito ![]() Presentation (2014, June 16) Detailed reference viewed: 162 (3 UL)![]() Bertinelli, Luisito ![]() Presentation (2014, May 13) Detailed reference viewed: 52 (8 UL)![]() Bertinelli, Luisito ![]() Presentation (2014, April 03) Detailed reference viewed: 55 (2 UL)![]() Bertinelli, Luisito ![]() ![]() in European Journal of Operational Research (2014) We study the strategic behavior of two countries facing transboundary CO2 pollution under a differential game setting. In our model, the reduction of CO2 concentration occurs through the carbon capture ... [more ▼] We study the strategic behavior of two countries facing transboundary CO2 pollution under a differential game setting. In our model, the reduction of CO2 concentration occurs through the carbon capture and storage process, rather than through the adoption of cleaner technologies. Furthermore, we first provide the explicit short-run dynamics for this dynamic game with symmetric open-loop and a special Markovian Nash strategy. Then, we compare these strategies at the games’ steady states and along some balanced growth paths. Our results show that if the initial level of CO2 is relatively high, state dependent emissions reductions can lead to higher overall environmental quality, hence, feedback strategy leads to less social waste. [less ▲] Detailed reference viewed: 207 (15 UL)![]() Bertinelli, Luisito ![]() in Journal of Applied Meteorology & Climatology (2013), 52(8), 1688-1697 Studies of the impact of hurricanes on economic activity typically are restricted to a very aggregate level of analysis because of the lack of spatially disaggregated data. In this paper nightlight ... [more ▼] Studies of the impact of hurricanes on economic activity typically are restricted to a very aggregate level of analysis because of the lack of spatially disaggregated data. In this paper nightlight satellite imagery is employed as a measure of local economic activity in conjunction with a local proxy for potential hurricane destruction generated from a wind field model to statistically assess the impact of hurricane strikes on local economic growth. The regression results suggest that on average hurricane strikes reduce income growth by around 1.5% at the local level, with no effect beyond the year of the strike. This estimated impact from localized data is more than 2 times that implied by aggregate analyses. [less ▲] Detailed reference viewed: 275 (129 UL)![]() ![]() Bertinelli, Luisito ![]() Scientific Conference (2013, July) Detailed reference viewed: 50 (2 UL)![]() Bertinelli, Luisito ![]() Scientific Conference (2013, June 20) Detailed reference viewed: 28 (1 UL)![]() Bertinelli, Luisito ![]() in Journal of Economic Dynamics & Control (2013), 37(4), 711-734 In a dynamic general equilibrium model with endogenous markups and labor market frictions, we investigate the effects of increased product market competition. Unlike most macroeconomic models of search ... [more ▼] In a dynamic general equilibrium model with endogenous markups and labor market frictions, we investigate the effects of increased product market competition. Unlike most macroeconomic models of search, we endogenize the labor supply along the extensive margin. We find numerically that a model with endogenous labor force participation decision produces a decline in the unemployment rate which is almost three times larger than that in a model with fixed labor force. For a calibration capturing alternatively the European and the US labor markets, a deregulation episode, which lowers the markup by 3 percentage points, results in a fall in the unemployment rate by 0.17 and 0.05 percentage point, respectively, while the labor share is almost unaffected in the long-run. The sensitivity analysis reveals that product market deregulation is more effective in countries where product and labor market regulations are high, unemployment benefits are small and labor force is more responsive. [less ▲] Detailed reference viewed: 244 (129 UL)![]() ; Bertinelli, Luisito ![]() ![]() in Scandinavian Journal of Economics (2012) We investigate the existence of local (i.e. within-country) and global (i.e. between-country) knowledge spillovers within a single analytical framework. Our analysis is based on an exhaustive database on ... [more ▼] We investigate the existence of local (i.e. within-country) and global (i.e. between-country) knowledge spillovers within a single analytical framework. Our analysis is based on an exhaustive database on Irish manufacturing plants covering the period 1986-1994 and focuses on the impact of R\&D spillovers on productivity. Our results show that while the R\&D undertaken by multinationals active in Ireland has had no significant impact on local plants’ productivity, these multinationals have, nevertheless, through their presence, favoured the diffusion of global R\&D spillovers. We furthermore show that while domestic plants benefited from R\&D spillovers emanating from other domestic firms, these spillovers had a much more limited spatial scope compared to multinational-presence induced spillovers. Foreign affiliates in turn, have directly gained from the size of the R\&D stock in their origin country, but there is no evidence that foreign affiliates located in Ireland had benefited from local R\&D spillovers. [less ▲] Detailed reference viewed: 86 (14 UL)![]() Bertinelli, Luisito ![]() ![]() in Energy Economics (2012), 34(4), 1105-1114 The relationship between growth and pollution is studied through a vintage capital model, where new technologies are more environmentally friendly. We find that once the optimal scrapping age of ... [more ▼] The relationship between growth and pollution is studied through a vintage capital model, where new technologies are more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome, where environmental quality reaches its lower bound. The outcome will depend on countries’ investment path and their propensity to innovate in environmentally clean technologies, both of which are likely to differ across economies. Empirical results using long time series for a number of developed and developing countries indeed confirm heterogenous experiences in the pollution-output relationship. [less ▲] Detailed reference viewed: 168 (14 UL) |
||