Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the focus of this paper. We analyze the problem of...

In this paper we demonstrate that in addition to its acknowledged screening role, workfare—namely, introducing work (or training) requirements for welfare eligibility in means-tested programs—also serves to mitigate income misreporting by welfare claimants. It achieves this goal by...

In this paper, we explore how the government can play a role in affecting the compensation policies of private firms in a manner that complements its income tax policies. We illustrate how this role of the government can be served by minimum wage legislation. Copyright Springer Science +...

Optimal international taxation and its implications for convergence in long run income growth rates are analyzed in the context of an endogenously growing world economy with perfect capital mobility. Under tax competition (i) the residence principle will maximize national welfare; (ii) the...

Despite big gains from easing restrictions on international labor mobility, liberalizing migration flows is not pursued unilaterally or negotiated among countries in a way that international trade negotiations are pursued. Among several key explanations is the fiscal burden imposed by...