Showing 1 - 10 of 299
We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities producing exclusively for the local market induces a crucial association between domestic spending and...
Persistent link: https://www.econbiz.de/10014402915
to have relatively high effective tax rates on equity-financed investment. The analysis suggests that both countries …
Persistent link: https://www.econbiz.de/10014395865
This paper explores how the tax treatment of investment and savings affects international capital flows as well as … national and global welfare. Focusing on portfolio investment, it evaluates the international effects of capital income taxes … favoring investment in that country and by harming the country’s relative savings performance. The paper concludes that the …
Persistent link: https://www.econbiz.de/10014396441
One difficulty confronting Harberger’s celebrated model of the corporate income tax is how to treat the noncorporate production in primarily corporate sectors and corporate production in primarily noncorporate sectors. This paper presents a two-good model with corporate and noncorporate...
Persistent link: https://www.econbiz.de/10014396309
Businesses which seek the location that offers the highest profitability are likely to consider tax incentives and the level of government services available. However, once a business commits itself to a locality, high moving costs render it vulnerable to future tax increases or denial of...
Persistent link: https://www.econbiz.de/10014396504
light on the implications of tax parameters - including targeted tax incentives - on investment returns and help understand … the implications of reform for expected investment outcomes. The document presents two tools for assessing the …
Persistent link: https://www.econbiz.de/10012644783
growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative … to promote broad-based growth and private investment are analyzed. The various methods employed suggest that there is …
Persistent link: https://www.econbiz.de/10014405058
This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money...
Persistent link: https://www.econbiz.de/10014405576
'Guidelines') to establish the investment objectives and policies to guide the investment of assets of the PRG, PRG-HIPC, and CCR … Trusts (the'Trusts') which are available for investment under the Trusts' instruments. These Guidelines are included in this …
Persistent link: https://www.econbiz.de/10014408530
Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment … differences across the region-investment has on average been somewhat weaker than in peer countries and less effective at …
Persistent link: https://www.econbiz.de/10014408616