Showing 1 - 10 of 169
We use changes in Brazil’s tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and …. We find that an increase in Brazil’s tax on foreign investment in bonds causes investors to significantly decrease their … portfolio allocations to Brazil in both bonds and equities. Investors simultaneously increase allocations to other countries …
Persistent link: https://www.econbiz.de/10011084681
employ loan-level data on over a million loans disbursed in India over the 1995 to 2010 period to understand how fast …
Persistent link: https://www.econbiz.de/10011083989
are missing out on the Chinese boom have caused soul-searching in Europe about "competitiveness" and led to accusations of … share of each country’s exports going to China from 2000 to 2010. China’s growing share of world spending is found to be the … protectionism by China contributed too. …
Persistent link: https://www.econbiz.de/10011084459
federal centre. The theory is supported by the recent experience of Russia, China, and Argentina. …
Persistent link: https://www.econbiz.de/10005792438
This Paper studies growth and inequality in China and India – two economies that account for a third of the world … countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are …
Persistent link: https://www.econbiz.de/10005498030
This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in …. Innovative areas in China, rather than generate knowledge spillovers, seem to produce strong backwash effects. In India, by … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …
Persistent link: https://www.econbiz.de/10011083752
Three main features characterize the international financial integration of China and India. First, while only having a … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …. Changes in these factors will affect the international financial integration of China and India (through shifts in capital …
Persistent link: https://www.econbiz.de/10005662395
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
A single variable describes, day-by-day, what investors think about the state of Brazil's economy: the Brazilian … markets' assessment of the probability that Brazil might default on its debt obligations. This is mainly because the cost of … domestic interest rates, is thus the necessary first step in order to understand macroeconomic developments in Brazil. The …
Persistent link: https://www.econbiz.de/10005123784
King-Fullerton methodology cannot assess the minimum-asset tax (MAT) because it cannot handle uncertainty. We present an alternative based on option pricing, and show how carry-over rules, depreciation conventions and uncertainty affect the MAT burden. Using Brazilian data, we show that: (a)...
Persistent link: https://www.econbiz.de/10005498170