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Articles 1 - 30 of 204
Full-Text Articles in International Economics
International Reserves And Rollover Risk, Javier Bianchi, Juan Carlos Hatchondo, Leonardo Martinez
International Reserves And Rollover Risk, Javier Bianchi, Juan Carlos Hatchondo, Leonardo Martinez
Leonardo Martinez
No abstract provided.
Debt Dilution And Sovereign Default Risk, Juan Carlos Hatchondo, Leonardo Martinez, Cesar Sosa Padilla
Debt Dilution And Sovereign Default Risk, Juan Carlos Hatchondo, Leonardo Martinez, Cesar Sosa Padilla
Leonardo Martinez
No abstract provided.
Fiscal Rules And The Sovereign Default Premium, Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch
Fiscal Rules And The Sovereign Default Premium, Juan Carlos Hatchondo, Leonardo Martinez, Francisco Roch
Leonardo Martinez
No abstract provided.
Cartelizing Taxes: Understanding The Oecd's Campaign Against Harmful Tax Competition, Andrew P. Morriss, Lotta Moberg
Cartelizing Taxes: Understanding The Oecd's Campaign Against Harmful Tax Competition, Andrew P. Morriss, Lotta Moberg
Andrew P. Morriss
Formed in 1961 to promote global economic and social well-being, the Organisation for Economic Co-operation and Development (OECD) has become the collective voice of rich countries on international tax issues. After an initial focus on improving commerce through addressing double taxation issues, the organization shifted to a focus on restricting tax competition and increasing automatic exchanges of tax information. In this paper we analyze the reasons for this shift in policy focus. After describing the history of the OECD's work on taxation, we examine the OECD's project against "harmful tax competition" as it has played out since its launch in …
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy
Abhra Roy
The incentive of providing protection of intellectual property has been analyzed, both for an emerging economy as well as for a developed economy. The optimal patent length and the optimal patent breadth within a country are found to be positively related to each other for a fixed structure of laws abroad. Moreover, a country can respond to stronger patent protection abroad by weakening its patent protection under certain circumstances and by strengthening its patent protection under other circumstances. These results depend upon the curvature of the R&D production function. Finally, we investigate the impact of an increase in the willingness-to-pay …
Perspectives On The Global Financial Crisis From Emerging Managers And Public Policy Makers [Full Version], James L. Grant
Perspectives On The Global Financial Crisis From Emerging Managers And Public Policy Makers [Full Version], James L. Grant
James L. Grant
This manuscript attempts to capture the perspectives of emerging managers and public policy makers as evinced in the perspectives of graduate students and others who were enrolled in my newly developed course on the global financial crisis—first offered in the 2010 Harvard Summer Economics Program—at a time when students were engaged in the midst and aftermath of the most severe U.S. and worldwide recession since the Great Depression of the early 1930s. The many perspectives gathered on the causes, consequences, remedies, and perhaps more importantly, a glimpse at student thoughts, concerns, and worries at the time—have been collected from the …
Subsidizing Non-Polluting Goods Vs. Taxing Polluting Goods For Pollution Reduction, Robert S. Main
Subsidizing Non-Polluting Goods Vs. Taxing Polluting Goods For Pollution Reduction, Robert S. Main
Robert S. Main
Pigovian taxes on polluters are politically unpopular, but subsidies for non-polluting sources are politically attractive. This paper presents a linear demand and supply model and numerical example to explore the trade-offs between taxing polluting sources of a good versus subsidizing non-polluting sources of the same good. While the model (along with the associated numerical example) shows the optimality of Pigovian taxes, it also shows how much welfare is reduced if subsidies for nonpolluters are employed instead. Further, it shows the optimal tax, given any level of subsidy and the optimal subsidy, given any level of tax.
Can A Unilateral Carbon Tax Reduce Emissions Elsewhere?, Joshua Elliott, Don Fullerton
Can A Unilateral Carbon Tax Reduce Emissions Elsewhere?, Joshua Elliott, Don Fullerton
Don Fullerton
One country or sector that tries to reduce greenhouse gas emissions may fear that other countries or sectors will get a competitive advantage and increase emissions. Computable general equilibrium (CGE) models such as Elliott et al (2010a,b) indicate that 15% to 25% of abatement might be offset by this “leakage.” Yet the Fullerton et al (2012) simple two-sector analytical general equilibrium model shows an offsetting term with negative leakage. In this paper, we use a full CGE model with many countries and many goods to measure effects in a way that allows for this negative leakage term. We vary elasticities …
Does Foreign Aid Reduce Tax Revenue? Further Evidence, John Thornton
Does Foreign Aid Reduce Tax Revenue? Further Evidence, John Thornton
John Thornton
A common criticism of foreign aid is that it reduces domestic tax effort. Empirical research on the issue has been hampered by the failure to tackle endogeneity issues effectively. We use measures of geographical and cultural distance to donor countries as instrumental variables to uncover the causal effect of aid on tax revenue in a panel of 93 countries. The tax to GDP ratio is found to decrease following aid inflows. This reduction in tax effort is statistically and economically significant; a one SD increase in aid causes a 0.52 percentage point drop in the tax-to-GDP ratio. The results indicate …
The (Small) Blessing Of Foreign Aid: Further Evidence On Aid's Impact On Democracy, John Thornton
The (Small) Blessing Of Foreign Aid: Further Evidence On Aid's Impact On Democracy, John Thornton
John Thornton
In an empirical contribution to the literature of foreign aid, we estimate the impact of foreign aid on democracy in a panel of 93 developing economies during 1971–2010. We find that foreign aid promotes democracy, with the result robust to different estimation methodologies and control variables and to instrumenting for foreign aid.
Fdi Spillovers In Tanzania`S Manufacturing Sector, Johansein Rutaihwa
Fdi Spillovers In Tanzania`S Manufacturing Sector, Johansein Rutaihwa
Johansein Rutaihwa
Using cross sectional data, this study analyses the spillover effects of foreign direct investment in Tanzania’s manufacturing sector. The findings reject a proposition that FDI intensity has improved domestic manufacturing firms productivity; no vertical technological spillovers occurred and a negative correlation between vertical spillover and FDI presence was found. Instead there is a positive correlation between FDI and horizontal technology spillover. The study, therefore, recommends that the government should make concerted efforts to ensure that FDI promotion addresses technology spillovers both within the industry and across the sector; as well as strengthening and widening the education system to enable it …
Tackling Undeclared Work In Croatia And Four Eu Candidate Countries, Colin C. Williams, Marijana Baric, Piet Renooy
Tackling Undeclared Work In Croatia And Four Eu Candidate Countries, Colin C. Williams, Marijana Baric, Piet Renooy
Colin C Williams
No abstract provided.
Leakage, Welfare, And Cost-Effectiveness Of Carbon Policy, Kathy Baylis, Don Fullerton, Daniel H. Karney
Leakage, Welfare, And Cost-Effectiveness Of Carbon Policy, Kathy Baylis, Don Fullerton, Daniel H. Karney
Don Fullerton
We extend the model of Fullerton et al (2012) to explore cost-effectiveness of unilateral climate policy in the presence of leakage. We ignore the welfare gain from reducing greenhouse gas emissions and focus on the welfare cost of the emissions tax or permit scheme. Whereas that prior paper solves for changes in emissions quantities and finds that leakage maybe negative, we show here that all cases with negative leakage in that model are cases where a unilateral carbon tax results in a welfare loss. With positive leakage, however, a unilateral policy can improve welfare.
Environmental Innovations, Internationalisation And Local Factors, Massimiliano Mazzanti, Giulio Cainelli, Sandro Montresor
Environmental Innovations, Internationalisation And Local Factors, Massimiliano Mazzanti, Giulio Cainelli, Sandro Montresor
Massimiliano Mazzanti
No abstract provided.
Are Environmental Innovations Embedded Within Organizational Change?, Massimiliano Mazzanti, Davide Antonioli, Susanna Mancinelli
Are Environmental Innovations Embedded Within Organizational Change?, Massimiliano Mazzanti, Davide Antonioli, Susanna Mancinelli
Massimiliano Mazzanti
No abstract provided.
The Evolution Of Environmental And Labour Productivity Dynamics, Massimiliano Mazzanti
The Evolution Of Environmental And Labour Productivity Dynamics, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti
Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
Reserve Currency And A Lender Of Next-To-Last Resort: A Literature Review, Alida S. Skold
Reserve Currency And A Lender Of Next-To-Last Resort: A Literature Review, Alida S. Skold
Alida S. Skold
The role of the US dollar as the global dominant reserve currency is eroding. Debate is ongoing regarding next steps. Moving the international monetary system to a single global currency is part of the debate. Literature reviews the eroding role of the US dollar and implications the erosion carries for the US. The Special Drawing Rights developed by the IMF could fill the role of Keynes’ recommended global currency known as the “bancor.” Regardless of the nature of the global reserve currency, access to liquidity is required to have an effective international monetary system. Literature defines a missing layer of …
Import Decisions And Firm Performance - An Empirical Analysis For The Netherlands, Henk Lm Kox
Import Decisions And Firm Performance - An Empirical Analysis For The Netherlands, Henk Lm Kox
Henk LM Kox
This paper investigates the relation between import decisions and productivity performance for Dutch firms. Importer productivity premiums appear to be larger than those for exporting firms. In the perspective of recent trade theory this indicates that trade costs for importers are at least as important as they are for exporting firms. For import starters I find evidence that ex ante productivity-based self selection is important. This also points in the direction of considerable sunk trade costs for firms that engage in direct imports.
Unleashing Competition In Eu Business Services, Henk Lm Kox
Unleashing Competition In Eu Business Services, Henk Lm Kox
Henk LM Kox
Does Small And Medium Enterprises’ (Smes) Understand The Concept Of Intellectual Property Rights (Ip) On Their Business?:, Johansein L. Rutaihwa Mr.
Does Small And Medium Enterprises’ (Smes) Understand The Concept Of Intellectual Property Rights (Ip) On Their Business?:, Johansein L. Rutaihwa Mr.
Johansein Rutaihwa
No abstract provided.
Dynamic Market Selection In Eu Business Services, Henk Lm Kox, George Van Leeuwen
Dynamic Market Selection In Eu Business Services, Henk Lm Kox, George Van Leeuwen
Henk LM Kox
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid
Muhammad Irfan Chani
This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …
Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan
Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan
Muhammad Irfan Chani
This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …
Export Decisions Of Services Firms Between Agglomeration Effects And Market-Entry Costs, Henk Lm Kox
Export Decisions Of Services Firms Between Agglomeration Effects And Market-Entry Costs, Henk Lm Kox
Henk LM Kox
Malnutrition, Child Health, And Water Quality: Is There A Role For Private Sector Participation In South Asia?, Katrina Kosec
Malnutrition, Child Health, And Water Quality: Is There A Role For Private Sector Participation In South Asia?, Katrina Kosec
Katrina Kosec
Cartelizing Taxes: Understanding The Oecd’S Campaign Against “Harmful Tax Competition”, Lotta Moberg, Andrew P. Morriss
Cartelizing Taxes: Understanding The Oecd’S Campaign Against “Harmful Tax Competition”, Lotta Moberg, Andrew P. Morriss
Lotta Moberg
Formed in 1961 to promote global economic and social well-being, the Organisation for Economic Co-operation and Development (OECD) has become the collective voice of rich countries on international tax issues. After an initial focus on improving commerce through addressing double taxation issues, the organization shifted to a focus on restricting tax competition and increasing automatic exchanges of tax information. In this paper we analyze the reasons for this shift in policy focus. After describing the history of the OECD’s work on taxation, we examine the OECD’s project against “harmful tax competition” as it has played out since its launch in …
The Dynamics Of Economic And Environmental Efficiency, Massimiliano Mazzanti, Valeria Costantini
The Dynamics Of Economic And Environmental Efficiency, Massimiliano Mazzanti, Valeria Costantini
Massimiliano Mazzanti
http://www.springer.com/economics/environmental/book/978-94-007-5088-3
Aggregation Biases In Environmental Extended Input Output: Evidence From Italy And Spain, Massimiliano Mazzanti
Aggregation Biases In Environmental Extended Input Output: Evidence From Italy And Spain, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
On The Green Side Of Trade Competitiveness, Massimiliano Mazzanti
On The Green Side Of Trade Competitiveness, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.