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This paper explains both the onset of the financial crisis in 1998 and the striking economic recovery afterwards in Russia and other Former Soviet Union (FSU) economies. Before the crisis banks do not lend to the real sector of the economy and firms use non-bank finance, including trade credits...
Persistent link: https://www.econbiz.de/10011514178
-off between raising tax revenue by reducing profit shifting and attracting investment. Accounting for extensive margin profit …
Persistent link: https://www.econbiz.de/10015101826
significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …
Persistent link: https://www.econbiz.de/10010238324
In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment …. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is … that reducing tax policy uncertainty is probably no magic bullet to increase private investment spending …
Persistent link: https://www.econbiz.de/10009781588
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …
Persistent link: https://www.econbiz.de/10011400788
This paper explores some cooperative aspects of investments in uncertain, real options. Key production factors are assumed transferable. They may reflect property or user rights. Emission of pollutants and harvest of renewable resources are cases in point. Of particular interest are alternative...
Persistent link: https://www.econbiz.de/10011401340
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10010468584
-period world with identical homothetic preferences and without investment, the global interest rate falls and the Green Paradox … weakens. With investment or a relatively more impatient oil-importing region, the Green Paradox may be strengthened because …
Persistent link: https://www.econbiz.de/10010412300
We demonstrate that the choice of the transfer price and its effect on intra-firm trade and investment depends on the …
Persistent link: https://www.econbiz.de/10010412351
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the … cutting public spending on private goods induce an investment boom. Making the tax system less progressive by cutting tax … credits and the income tax rate induces an investment boom as well. The effects of endogenous growth, adjustment costs for …
Persistent link: https://www.econbiz.de/10011506465