The Rise of Services, Deindustrialization, and the Length of Economic Recovery

Olney, Martha L.; Pacitti, Aaron

doi:10.1111/ecin.12467

Cited by 11 publications

(10 citation statements)

References 68 publications

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“…To address endogeneity concerns, we introduce real GDP per capita and the standard VAT rate with a lag, and estimate the model using the 2SLS-IV approach. Following Olney and Pacitti (2017), the contemporaneous measure of structural transformation is instrumented with its first and second lags. All control variables are log-transformed, except for the institutional indicators, which are standardized across all countries in the sample.…”

Section: Empirical Strategymentioning

confidence: 99%

“…Accordingly, all equations are estimated using the 2SLS-IV method. Following Olney and Pacitti (2017), measures of structural transformation are instrumented using its own lags. All controls are log-transformed, except the government effectiveness and corruption variables which are standardized.…”

Section: Table 2 Structural Transformation and Tax Efficiency: Baselmentioning

confidence: 99%

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Structural Transformation and Tax Efficiency

et al. 2019

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Structural transformation has resulted in an increasing share of services in aggregate valueadded in advanced and developing countries across the world. We analyze the impact of this shift into services on countries' efficiency in collecting the value-added tax (VAT). The analysis is based on two alternative measures of VAT efficiency: (1) the VAT C-efficiency, using a broad panel of 134 countries over the period 1970-2014; and (2) the VAT gap using a more granular, proprietary dataset that draws on the results of IMF's Revenue Administraion-Gap Analysis Program covering 24 countries over the period 2004-2016. We find that a higher share of services in aggregate value-added reduces the VAT efficiency, and that this adverse effect is mainly a result of a rise of non-tradable services, which in turn contributes to a narrowing of the VAT base. JEL Classification Numbers: E32, H2, H21, H25 , and the participants at a seminar at the Fiscal Affairs Department of the International Monetary Fund for their insightful comments and suggestions.

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Section: Empirical Strategymentioning

confidence: 99%

Section: Table 2 Structural Transformation and Tax Efficiency: Baselmentioning

confidence: 99%

Structural Transformation and Tax Efficiency

et al. 2019

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“…Equations (1)-(3) are estimated using the 2SLS-IV method, as the main explanatory variable is considered endogenous. Following Olney and Pacitti (2017), the measure of structural transformation is instrumented using its own first and second order lags. All specifications include time dummies.…”

Section: Discussionmentioning

confidence: 99%

“…To address endogeneity concerns, we introduce real GDP per capita and the standard VAT rate with a lag, and estimate the model using the 2SLS‐IV approach. Following Olney and Pacitti (), the contemporaneous measure of structural transformation is instrumented with its first and second lags. All control variables are log‐transformed, except for the indicator of government effectiveness, which is standardized across all countries in the sample.…”

Section: Econometric Strategymentioning

confidence: 99%

Structural transformation and tax efficiency

Cevik

Gottschalk

Hutton

et al. 2019

International Finance

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Structural transformation has resulted in an increasing share of services in output and employment in advanced and developing countries across the world. We analyse the impact of this shift into services on countries' efficiency in collecting the value‐added tax (VAT). The analysis is based on two alternative measures of VAT productivity: (a) the VAT C‐efficiency, using a broad panel of 134 countries over the period 1970–2014 and (b) the VAT gap using a more granular, proprietary data set that draws on the results of the International Monetary Fund's (IMF's) Revenue Administration‐Gap Analysis Program covering 24 countries over the period 2004–2016. We find that a higher share of services in aggregate value‐added reduces the VAT efficiency, and that this adverse effect is mainly a result of a rise of nontradable services which in turn contributes to a narrowing of the VAT base.

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“…In order to better understand these decisions, it is important to analyze the economic climate in which these decisions are being made. The recent economic recession affected nearly every industry in our nation, including college athletics, and the recovery from recessions is becoming an increasingly lengthy process (Olney & Pacitti, 2015). The fluctuations in the American economy are reflected in the fluctuations in collegiate athletic budgets.…”

Section: Revenues and Expenses In Intercollegiate Athletics Programsmentioning

confidence: 99%

Sport Discontinuation: An Assessment of Goal Achievement via Empirical Measures

Marsh

Petersen

Osborne³

2016

JAS

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Collegiate athletic teams are being eliminated at an alarming rate; however, empirical research of athletic spending and participation after these cuts occur is lacking. This study compared whether the proffered rationales for discontinuing teams were consistent with the measurable budgetary and participation outcomes. From a sample of NCAA Division I institutions that discontinued at least one team between the academic years 2000-01 and 2008-09 (N = 125), a total of 49 schools with documented cut rationales were identified. The EADA cutting tool was then used to examine athletic revenues, expenses, and participation numbers from the year prior and the year after the cuts to determine, via descriptive statistics and paired t-tests, if the stated objectives were met. The three reasons primarily cited for the program elimination included: reducing athletic spending (44.9%), reallocating resources (42.9%), and Title IX compliance (18.4%). Statistical analysis revealed that only institutions citing reallocation of athletic resources were able to achieve their stated goals. Institutions citing efforts to reduce athletic spending had significant increases in athletic expenses and none of the institutions citing Title IX compliance achieved substantial proportionality. These results show a troubling disconnection between the sport elimination rationale and the budgetary and participation outcomes.he decision to discontinue a collegiate athletic team is one of the most difficult decisions that an athletic administrator must make. Such a decision has life altering implications for many student-athletes and coaches. Thus, it is of the utmost importance that these decisions be made with the best information available. Currently, when the decision to discontinue an athletic program is made T

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The Rise of Services, Deindustrialization, and the Length of Economic Recovery

Cited by 11 publications

References 68 publications

Structural Transformation and Tax Efficiency

Structural Transformation and Tax Efficiency

Structural transformation and tax efficiency

Sport Discontinuation: An Assessment of Goal Achievement via Empirical Measures

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