{"id":"https://openalex.org/W296959593","doi":null,"title":"The investment effect of fiscal consolidation","display_name":"The investment effect of fiscal consolidation","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W296959593","mag":"296959593"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:eui:euiwps:eco2014/10","doi":null,"is_oa":false,"landing_page_url":"http://cadmus.eui.eu/bitstream/handle/1814/32878/ECO_2014_10.pdf","pdf_url":"http://cadmus.eui.eu/bitstream/handle/1814/32878/ECO_2014_10.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/1814/32878","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5005147799","display_name":"Silvia Albrizio","orcid":"https://orcid.org/0009-0003-5126-7530","observed_orcids":["https://orcid.org/0009-0003-5126-7530"]},"institutions":[{"id":"https://openalex.org/I1288051870","display_name":"Organisation de Coop\u00e9ration et de D\u00e9veloppement Economiques","ror":"https://ror.org/0438wbg98","country_code":"FR","type":"government","lineage":["https://openalex.org/I1288051870"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Albrizio, Silvia","raw_affiliation_strings":["(OECD)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"(OECD)","institution_ids":["https://openalex.org/I1288051870"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5078163766","display_name":"Stefan Lamp","orcid":"https://orcid.org/0000-0002-8764-0689","observed_orcids":["https://orcid.org/0000-0002-8764-0689"]},"institutions":[{"id":"https://openalex.org/I874792244","display_name":"European University Institute","ror":"https://ror.org/0031wrj91","country_code":"IT","type":"education","lineage":["https://openalex.org/I874792244"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Lamp, Stefan","raw_affiliation_strings":["European University Institute ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European University Institute ,","institution_ids":["https://openalex.org/I874792244"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.8452000021934509,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.8452000021934509,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.06989999860525131,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13042","display_name":"Economic and Fiscal Studies","score":0.04659999907016754,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/fiscal-consolidation","display_name":"fiscal consolidation","score":1.0},{"id":"https://openalex.org/keywords/corporate-investment","display_name":"corporate investment","score":0.7350000143051147},{"id":"https://openalex.org/keywords/tax-changes","display_name":"tax adjustment","score":0.8320000171661377},{"id":"https://openalex.org/keywords/tax-increases","display_name":"tax increases","score":0.6259999871253967},{"id":"https://openalex.org/keywords/income-tax","display_name":"income tax","score":0.5690000057220459},{"id":"https://openalex.org/keywords/consumption-tax","display_name":"consumption tax","score":0.996999979019165},{"id":"https://openalex.org/keywords/manufacturing-industry","display_name":"manufacturing industry","score":0.6119999885559082},{"id":"https://openalex.org/keywords/german-tax-policy","display_name":"German tax policy","score":0.5540000200271606},{"id":"https://openalex.org/keywords/exogenous-variation","display_name":"exogenous variation","score":0.41200000047683716}],"concepts":[{"id":"https://openalex.org/C2776014549","wikidata":"https://www.wikidata.org/wiki/Q3050847","display_name":"Consolidation (business)","level":2,"score":0.7973309755325317},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6388139128684998},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5680748820304871},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.47618260979652405},{"id":"https://openalex.org/C165696696","wikidata":"https://www.wikidata.org/wiki/Q11287","display_name":"Exploit","level":2,"score":0.4482094943523407},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3508228659629822},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.322070837020874},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19537943601608276},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:eui:euiwps:eco2014/10","doi":null,"is_oa":false,"landing_page_url":"http://cadmus.eui.eu/bitstream/handle/1814/32878/ECO_2014_10.pdf","pdf_url":"http://cadmus.eui.eu/bitstream/handle/1814/32878/ECO_2014_10.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:cadmus.eui.eu:1814/32878","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/1814/32878","pdf_url":"http://hdl.handle.net/1814/32878","source":{"id":"https://openalex.org/S4377196332","display_name":"Cadmus - EUI Research Repository (European University Institute)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I874792244","host_organization_name":"European University Institute","host_organization_lineage":["https://openalex.org/I874792244"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"}],"best_oa_location":{"id":"pmh:oai:cadmus.eui.eu:1814/32878","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/1814/32878","pdf_url":"http://hdl.handle.net/1814/32878","source":{"id":"https://openalex.org/S4377196332","display_name":"Cadmus - EUI Research Repository (European University Institute)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I874792244","host_organization_name":"European University Institute","host_organization_lineage":["https://openalex.org/I874792244"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/workingPaper"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W296959593.pdf","grobid_xml":"https://content.openalex.org/works/W296959593.grobid-xml"},"referenced_works_count":15,"referenced_works":["https://openalex.org/W1547927539","https://openalex.org/W1977806896","https://openalex.org/W2043084434","https://openalex.org/W2062935763","https://openalex.org/W2071356225","https://openalex.org/W2086936154","https://openalex.org/W2107981161","https://openalex.org/W2140286179","https://openalex.org/W2141151054","https://openalex.org/W2169516465","https://openalex.org/W2256272118","https://openalex.org/W2383884831","https://openalex.org/W3122179543","https://openalex.org/W3123453425","https://openalex.org/W3141851081"],"related_works":["https://openalex.org/W4403946868","https://openalex.org/W7214089543","https://openalex.org/W2126773301","https://openalex.org/W1564443540","https://openalex.org/W1546670914","https://openalex.org/W7096156435","https://openalex.org/W6961126397","https://openalex.org/W4392294506","https://openalex.org/W7065196613","https://openalex.org/W114136781"],"abstract_inverted_index":{"This":[0],"paper":[1],"investigates":[2],"the":[3,33,41,62,82,86,91],"relationship":[4],"between":[5],"fiscal":[6,27],"consolidation,":[7],"business":[8],"plans":[9,50,121],"and":[10,31,107,115],"firm":[11,47],"investment.":[12,56],"Based":[13],"on":[14,46,54],"a":[15,75],"detailed":[16],"narrative":[17],"of":[18,26,36,43,81],"tax":[19,37,44,76,129],"changes":[20,45],"in":[21,61,85],"Germany":[22],"covering":[23],"40":[24],"years":[25],"adjustments,":[28],"we":[29,103],"define":[30],"exploit":[32],"exogenous":[34],"variation":[35],"bills":[38],"to":[39,74,79,113,140],"quantify":[40],"effect":[42,137],"future":[48,128],"investment":[49,69,94,114,120],"as":[51,53],"well":[52],"realized":[55,93],"We":[57],"find":[58,104],"that":[59,105,116],"firms":[60,117],"manufacturing":[63,88],"sector":[64],"revise":[65],"downwards":[66],"their":[67,119],"planned":[68],"by":[70,97],"about":[71],"4%":[72],"subsequently":[73],"increase":[77],"equal":[78],"1%":[80],"value":[83],"added":[84],"total":[87],"industry.":[89],"On":[90],"contrary":[92],"growth":[95],"drops":[96],"around":[98],"8%":[99],"at":[100],"impact.":[101],"Furthermore":[102],"income":[106],"consumption":[108],"taxes":[109],"are":[110],"most":[111],"harmful":[112],"base":[118],"considering":[122],"laws":[123],"currently":[124],"under":[125],"discussion,":[126],"anticipating":[127],"changes.":[130],"Not":[131],"taking":[132],"into":[133],"account":[134],"this":[135],"anticipation":[136],"would":[138],"lead":[139],"strongly":[141],"biased":[142],"estimates.":[143]},"counts_by_year":[],"updated_date":"2026-11-06T12:05:46.655746","created_date":"2016-06-24T00:00:00"}