Tag: Italy

Prisoners are deterred by prison @sst_nz

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Tertiary educational attainment, 2000 and 2014, USA, UK, France, Germany, Canada, Australia

The British, Australians, and Italians experienced strong growth in tertiary attainment since the year 2000. In the case of the Italians, it was from a low base. There is still a big difference in tertiary attainment between English-speaking and other countries.

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Source: OECD Factbook 2015-2016.

General government net financial liabilities as % Portuguese, Italian, Greek, Spanish and Irish GDPs

I had borrowed a lot of money from scratch after 2007. Greece borrowed a lot of money of its own accord from 2010. Italy always owed a lot of money. Spanish do not know all that much money considering their dire financial circumstances.

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Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:57 UTC (GMT) from OECD.Stat

Waiting for the permits to come in: business start-up fees and lost output waiting in Europe and North America

Expediting the processing of permits can actually make quite a difference to firm start-up costs even in countries with few barriers to starting up a business.

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Source: Markus Poschke (2011) Entry regulation: Still costly | VOX, CEPR’s Policy Portal.

Note: The value of time is set to a business day’s output per day of waiting time at 22 business days per month.

The renewable energy curse – does corruption turn clean energy into dirty? @GarethMP

Massimo Tavoni and Caterina Gennaioli published a nice paper showing that corruption and violence was higher in the high wind provinces of Italy after the installation of wind generators. They built on earlier work about countries with abundant renewable resources and weak institutions. The main question in their paper

… is whether an increase in the expected returns of investments in wind energy, following the introduction of the new policy regime based on a green certificate system, has driven economic agents, namely bureaucrats and entrepreneurs, to engage more in rent seeking activities.

As they studied Italy, there is no surprise about the answer which was yes. High winds ensure high returns of the wind farm investment, but whether this translates into more bribery depends on institutional quality. There was more corruption, and so especially in high-wind provinces of Italy.

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Source: Green policy and corruption | VOX, CEPR’s Policy Portal.

The construction of an average wind park is associated with an increase of criminal association activity of 6%. Italy will have more corruption than elsewhere in the old European Union.

The wider problem is renewable energy is a celebrity technology. In the context of expressive politics, so many cheer for solar and wind power that standards drop in terms of who qualifies for subsidies and who should lose support when their investments do not turn out as promised.

https://twitter.com/CountCarbon/status/715136022414299138

Wind power is not new, it is intermittent, is unsuitable for modern work, and is land constrained but it is still subsidised. Green rent seeking is a real risk even in countries with the best political institutions.

The cost of starting a business in Europe and North America

These measures including the full cost of starting a business. Not only are official fees included, the opportunity cost of the waiting times for various permits are issued are added as well.

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Source: Markus Poschke, Entry regulation: Still costly | VOX, CEPR’s Policy Portal (2011).

Note: The value of time is set to a business day’s output per day of waiting time at 22 business days per month.

 

Effective marginal tax rates on single and dual earner families in the USA, Britain, France, Germany, Canada, Italy, Sweden, Denmark, Australia and New Zealand

Some countries including New Zealand and Australia do not give ordinary families much of an incentive to earn more. Effective marginal tax rates on low income families is one of the few times that the Left discovers supply-side economics.

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Source: Taxing Wages 2015 – OECD 2015.

Income tax plus employee Social Security contributions less tax benefits by family structure in the US, Britain, Canada, Germany, Italy, Denmark, France, Sweden, Australia and New Zealand

Those sensitive and caring northern European welfare states do tax families rather heavily even after accounting for family cash benefits.

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Source: Taxing Wages 2015 – OECD 2015.

Income tax plus employee contributions less cash benefits as % of earnings by family type in USA, Britain, Canada, Sweden, France, Italy, Denmark, Germany, Australia and New Zealand

Those much admired northern European welfare states tax families and individuals much more than do the Anglo-Saxon welfare states.

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Source: Taxing Wages 2015 – OECD 2015.