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Do the sovereign wealth funds of Kazakhstan and Azerbaijan promote the sustainable use of government oil revenues? We review the operational rules and performance of the two funds and compare them to Norway’s Government Pension Fund Global. The key challenges are to stabilize government...
Persistent link: https://www.econbiz.de/10008682209
intra-company loans. Taxation, however, does not fully explain the high levels of intra-company borrowing. Roughly 60% of …
Persistent link: https://www.econbiz.de/10010886849
This paper addresses the reduction of market failure under imperfect competition. It proposes a taxscheme that provides firms with an incentive to forgo their market power: Firms optimize after-tax profits. Now simply consider a firm´s gross profit margin the unique tax-rate it is charged on...
Persistent link: https://www.econbiz.de/10005083392
To date, mineral resources are only mined on land but projected increases in demand have brought the exploration and exploitation of marine mineral resources back into focus. The Atlantis II Deep, located in the central Red Sea between Saudi Arabia and Sudan, is one of the largest marine sulfide...
Persistent link: https://www.econbiz.de/10008863929
In this paper, the authors analyze the behavior of local governments on capital taxation when the financial choices in …
Persistent link: https://www.econbiz.de/10010956100
mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …
Persistent link: https://www.econbiz.de/10009646513
Recent research and events have brought fiscal policy back into the spotlight. Fiscal Taylor rules and error correction models have represented two different ways of quantifying the feedbacks from fiscal and economic conditions to fiscal policy decisions. This paper synthesizes these two ideas,...
Persistent link: https://www.econbiz.de/10005818814
capital markets and especially for labor. Major issues are regulation and taxation. …
Persistent link: https://www.econbiz.de/10005818826
the taxation-unemployment relationship and whether this relationship is exogenous or simultaneously determined. Hausman … specification tests indicate that the impact of taxation on short-term unemployment is positive and exogenous whereas the … relationship between taxation and long-term unemployment is simultaneously determined. Correcting for this simultaneity results in …
Persistent link: https://www.econbiz.de/10005818836
of hiring) and of government funding (lump sum taxation versus distortionary taxation). We find that in presence of … demand stimuli fiscal multipliers are zero and even turn negative when financed with distortionary taxation. On the other …
Persistent link: https://www.econbiz.de/10008562523