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effect on income. However, in Africa rugged terrain afforded protection to those being raided by slave traders. Since the … slave trade retarded subsequent economic development, in Africa ruggedness also has had a historical indirect positive … Africa the indirect positive effect dominates the direct negative effect. Looking within Africa, we provide evidence that the …
Persistent link: https://www.econbiz.de/10005136410
We extend "economic equivalence" results, like the Ricardian equivalence proposition, to the political sphere where policy is chosen sequentially. We derive conditions under which a policy regime (summarizing admissible policy choices in every period) and a state are "politico-economically...
Persistent link: https://www.econbiz.de/10011083537
We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or...
Persistent link: https://www.econbiz.de/10011084719
The paper analyses tax and tariff policy for trade between economies which each contain a monopolistically competitive industry producing differentiated products. The consequences of tax changes by a single country are examined, and the general desirability of taxing imports more heavily than...
Persistent link: https://www.econbiz.de/10005662246
We consider the impact of taxation when investors face a discrete choice between two or more mutually exclusive projects; in particular we consider the location choice of multinationals. Such choices depend on an effective average tax rate. We propose a precise measure of this rate, which is...
Persistent link: https://www.econbiz.de/10005791911
This paper sheds new light on why timing and entry mode should be considered simultaneously. We derive the profit levels at which it is optimal to switch from exporting to setting up a wholly owned subsidiary, creating a joint venture, or licensing production to a local firm. The preferred entry...
Persistent link: https://www.econbiz.de/10005792542
We develop a model of common agency with complete information and general preferences with non-transferable utility, and prove that the principals’ Nash equilibrium in truthful strategies implements an efficient action. We apply this theory to construct a positive model of public finance,...
Persistent link: https://www.econbiz.de/10005136565
Despite increasingly large scale social protection programs in Africa, we have limited evidence on the local political …
Persistent link: https://www.econbiz.de/10011083317
in Africa over the period 1997-2011. Our units of observation are cells of 1 degree of latitude by 1 degree of longitude …
Persistent link: https://www.econbiz.de/10011083549
within sub-Saharan Africa. The existing evidence suggests that information technology has improved market efficiency and …
Persistent link: https://www.econbiz.de/10011083580