This study aims to quantify the impact of the global minimum corporate tax rate - a pillar of the OECD's reform of international taxation - on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...

This paper uses U.S. time-diary surveys to study the allocation of time devoted to informal learning and education by immigrants and natives. We develop a simple theoretical framework, which highlights the different constraints and opportunity costs faced by immigrants as compared with natives....

We analyze the impact of globalization on the incentive to strengthen regional integration. In a simple three-country oligopolistic trade model, we demonstrate that increased external competitive pressure may induce governments, influenced by producer interests, to lower intra-regional trade...

In this paper we study the allocation of time devoted to informal learning and education, i.e. those activities carried out during leisure time and outside formal education courses which boost individuals' human and social capital. For immigrants the private investment in these activities is...