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Tax Rate and Tax Base Competition for Foreign Direct Investment

Egger, Peter; Raff, Horst - CESifo - 2011

This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...

Persistent link: https://www.econbiz.de/10009320778

The Quantitative Importance of Openness in Development

Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond - CESifo - 2013

This paper deals with a classic development question: how can the process of economic development – transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...

Persistent link: https://www.econbiz.de/10010877851

Natural Disasters and the Effect of Trade on Income: A New Panel IV Approach

Felbermayr, Gabriel J.; Gröschl, Jasmin - CESifo - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …’ performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …

Persistent link: https://www.econbiz.de/10009224870

Nominal and Real Exchange Rate Models in South Africa: How Robust are they?

Egert, Balazs - CESifo - 2012

monetary model are not fully robust to data frequency and alternative estimation periods, either. Nevertheless, adding openness …

Persistent link: https://www.econbiz.de/10010554826

What Drives Corporate Tax Rates Down? A Reassessment of Globalization, Tax Competition, and Dynamic Adjustment to Shocks

Overesch, Michael; Rincke, Johannes - CESifo - 2009

countries from 1983 to 2006, we analyze the role of economic and financial openness as well as tax competition while allowing … for dynamic adjustment to shocks and period-specific as well as country-specific effects. While openness does not seem to …

Persistent link: https://www.econbiz.de/10005094460

A Convex Hull Approach to Counterfactual Analysis of Trade Openness and Growth

Funke, Michael; Gronwald, Marc - CESifo - 2009

In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments … we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the … with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …

Persistent link: https://www.econbiz.de/10005034636

On the Determinants of Labour Market Institutions: Rent-Sharing vs. Social Insurance

Agell, Jonas - CESifo - 2000

What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...

Persistent link: https://www.econbiz.de/10005181371

Naturally Negative: The Growth Effects of Natural Disasters

Felbermayr, Gabriel J.; Gröschl, Jasmin - CESifo - 2013

affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions …

Persistent link: https://www.econbiz.de/10010701086

Equity Risk Premium and Regional Integration

Arouri, Mohamed El Hedi; Teulon, Frédéric; Rault, … - CESifo - 2013

This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level. We show that the estimated degrees of...

Persistent link: https://www.econbiz.de/10010877634

The Political Economy of Regional Integration Projects at Borders where Rich and Poor Meet: The Role of Cross-Border Shopping and Community Sorting

Dascher, Kristof; Haupt, Alexander - CESifo - 2008

At borders where rich and poor countries meet, services prices differ hugely. In principle, price differentials could be exploited to mutual benefit, offering improved job opportunities to the poor as well as better shopping opportunities to the rich. However, cross-border shopping is often...

Persistent link: https://www.econbiz.de/10005765854