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Summary for non-specialistsThis paper looks at capital flows to the new EU Member States from Central and Eastern Europe (NMS10) during the last decade. Firstly, it analyses the role of various types of foreign capital flows – direct investment, portfolio investment, financial derivatives...
Persistent link: https://www.econbiz.de/10011150297
Persistent link: https://www.econbiz.de/10005701427
The effects of capital tax competition are reconsidered in this paper incorporating the argument that the expenditure structure of public budget should reflect its revenue structure. The paper offers a small open economy model where capital and labour tax revenues are used exclusively on the...
Persistent link: https://www.econbiz.de/10005674013