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Persistent link: https://www.econbiz.de/10000801145
and income taxes; (b) make wealth taxes less efficient relative to capital income taxes, at given rates of tax; (c) reduce …
Persistent link: https://www.econbiz.de/10012660030
mechanism depend critically on the precise composition of taxes. Specifically, the international effects of budget deficits of a … given size differ sharply according to the types of taxes used to generate the deficit. We show that in determining the … effects of taxes it is useful to divide the various distortionary taxes into two groups: those that stimulate current external …
Persistent link: https://www.econbiz.de/10012476990
-distortionary taxes and for various patterns of government spending, it is shown that the quantitative and qualitative effects of fiscal … and tax structure, including the timing of taxes and borrowing and the types of taxes used to finance the budget, on the …
Persistent link: https://www.econbiz.de/10012477004
We study the effects of tax laws on foreign direct investment (FDI) and direct investment abroad (DIA), distinguishing in each case between investment financed by retained earnings and investment financed by transfers from abroad. We find that tax policy, through its effect on the rate-of-return...
Persistent link: https://www.econbiz.de/10012477214
Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...
Persistent link: https://www.econbiz.de/10012461987
structural vector autoregressions show that lower taxes and higher government purchases can boost output, it is difficult to …
Persistent link: https://www.econbiz.de/10012463242
combination of a drop in total factor productivity (TFP) during 1990-92 and of increases in taxes on labor and consumption and …
Persistent link: https://www.econbiz.de/10012465055
different taxes at the general government level and defines aggregate measures of the corresponding tax bases. This method …
Persistent link: https://www.econbiz.de/10012474047
This paper develops and estimates a dynamic optimizing model of the current account. The model focuses, on real factors that determine the evolution of saving and investment, and hence the external balance. Three types of shocks are at the center of the analysis: productivity shocks, shocks to...
Persistent link: https://www.econbiz.de/10012475267