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This paper explores the nature, significance and policy implications of spillovers in international corporate taxation-the effects of one country's rules and practices on others. It complements current initiatives focused on tax avoidance by multinationals, notably the G20-OECD project on Base...
Persistent link: https://www.econbiz.de/10014410572
This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than developed countries. The empirical results support...
Persistent link: https://www.econbiz.de/10014401431
determinants include expected relative rates of return, risk diversification, market size, technological advantage, market failure …
Persistent link: https://www.econbiz.de/10014396385
Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor governments; and third, these debts were largely bank loans, not bonds. This paper...
Persistent link: https://www.econbiz.de/10014396446
Diversification and structural transformation play important roles in influencing the macroeconomic performance of low … a country's production and export structure. This can include diversification into new products and trading partners as …
Persistent link: https://www.econbiz.de/10014410661
Persistent link: https://www.econbiz.de/10014410689
Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a …
Persistent link: https://www.econbiz.de/10014408471
volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and … key prerequisites for economic diversification …
Persistent link: https://www.econbiz.de/10014408617
This note is on Korea’s transition to a knowledge-based economy, the prospects and challenges ahead, and the development of its financial sector. Assessment of recent government initiatives to develop capital markets has been presented. The note discusses restrictions on Chaebol ownership...
Persistent link: https://www.econbiz.de/10011243724
Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a …
Persistent link: https://www.econbiz.de/10012676977