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Energy Consumption and Economic Growth Revisited in African Countries

Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011

The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...

Persistent link: https://www.econbiz.de/10009320785

Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa

Leibfritz, Willi; Rottmann, Horst - CESifo - 2013

procyclicality Africa’s resilience against external shocks improved. This also helped to better cope with the Great Recession of 2009. …

Persistent link: https://www.econbiz.de/10010718528

Mobilizing VAT Revenues in African Countries

Cnossen, Sijbren - CESifo - 2014

Several African countries have to increase their tax revenues to finance human and economic development. General consumption taxes, such as VATs, are the preferred instrument for doing so, because they are less detrimental to growth than income taxes. To enable their use, VAT design has to be...

Persistent link: https://www.econbiz.de/10011093981

Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends

Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013

In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. During the first period, Africa did not catch up but lost ground, Africa’s average per capita income declined. Since the mid … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the …

Persistent link: https://www.econbiz.de/10010641423

Foreign Direct Investment and Regional Inequality: A Panel Data Analysis

Lessmann, Christian - CESifo - 2012

Foreign direct investments (FDI) are an important determinant of economic growth. Coun-tries try to attract mobile capital in order to foster economic development, albeit FDI might increase regional inequality since the many different regions of a country usually do not receive FDI in equal...

Persistent link: https://www.econbiz.de/10010598908

Financial Frictions and Foreign Direct Investment: Theory and Evidence from Japanese Microdata

Raff, Horst; Ryan, Michael; Stähler, Frank - CESifo - 2015

We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The Japanese land price bubble and banking trouble in the late 1980s and early 1990s serve as a quasi natural experiment to identify two possible transmission channels from financial...

Persistent link: https://www.econbiz.de/10011205374

China's Outward FDI: An Industry-level Analysis of Host Country Determinants

Amighini, Alessia; Rabellotti, Roberta; Sanfilippo, Marco - CESifo - 2011

We provide an empirical analysis of host country determinants of Chinese outward FDI for the period 2003 to 2008, using … strategic asset seeking motivations suggested by the theory on FDI determinants. Our results show that only FDI in manufacturing …

Persistent link: https://www.econbiz.de/10009391727

Tax Rate and Tax Base Competition for Foreign Direct Investment

Egger, Peter; Raff, Horst - CESifo - 2011

This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...

Persistent link: https://www.econbiz.de/10009320778

How Far Away is an Intangible? Services FDI and Distance

Davies, Ronald B.; Guillin, Amélie - CESifo - 2011

, genetic distance, and transport time. Across different measures of distance, the traditional determinants of outbound FDI …

Persistent link: https://www.econbiz.de/10009325809

Do Countries Compensate Firms for International Wage Differentials?

Mittermaier, Ferdinand; Rincke, Johannes - CESifo - 2010

We address the role of labor cost differentials for national tax policies. Using a simple theoretical framework with two countries competing for a mobile firm, we show that in a bidding race for FDI, it is optimal for governments to compensate firms for international labor cost differentials....

Persistent link: https://www.econbiz.de/10008671738