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The Revealed Preference of the Chinese Communist Party Leadership : Investing in Local Economic Development versus Rewarding Social Connections
Kahn, Matthew E. - 2018
park site selection and document the willingness of China's provincial leaders to sacrifice economic development in order …
Persistent link: https://www.econbiz.de/10012453257
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Quid Pro Quo : Technology Capital Transfers for Market Access in China
Holmes, Thomas J. - 2013
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …
Persistent link: https://www.econbiz.de/10012459412
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Growing Apart : Declining Within- and Across-Locality Insurance in Rural China
Attanasio, Orazio P.; Meghir, Costas; Mommaerts, Corina; … - National Bureau of Economic Research - 2022
We consider risk sharing in rural China during its rapid economic transformation from the late 1980s through the late …
Persistent link: https://www.econbiz.de/10013334362
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Taxes and capital formation : NBER summary report
Zerwitz, Donna (ed.) - 1986
Persistent link: https://www.econbiz.de/10000711622
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...
Persistent link: https://www.econbiz.de/10012471183
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Are Investment Incentives Blunted by Changes in Prices of Capital Goods?
Hassett, Kevin A. - 1999
Recent research on business investment decisions suggests that real investment in plant and equipment is quite sensitive to changes in the user cost of capital, pointing to the possibility that long-run changes in tax policy may have a significant impact on an economy's capital stock. Indeed,...
Persistent link: https://www.econbiz.de/10012471638
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Tax Policy Design with Low Interest Rates
Auerbach, Alan J.; Gale, William G. - National Bureau of Economic Research - 2021
Interest rates on government debt have fallen in many countries over the last several decades, with markets indicating that rates may stay low well into the future. It is by now well understood that sustained low interest rates can change the nature of long-run fiscal policy choices. In this...
Persistent link: https://www.econbiz.de/10012660030
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Investment Incentives and the Discounting of Depreciation Allowances
Summers, Lawrence H. - 1986
Persistent link: https://www.econbiz.de/10012477131
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Taxes and Corporate Investment in Japanese Manufacturing
Hayashi, Fumio - 1985
This paper examines the impact of taxes on the incentive to invest for the Japanese manufacturing sector in the postwar period. The idyosyricratic feature of the Japanese corporation tax system as compared to the U.S. is the prevelence of tax-free reserves and the tax deductibility of a part of...
Persistent link: https://www.econbiz.de/10012477326
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Hidden Stimuli to Capital Formation : Debt and the Incomplete Adjustment of Financial Returns
Chirinko, Robert S. - 1985
There is a common belief that the disappointing economic performance in the 1970s can be attributed in good part to the interaction of tax rules, inflation, and capital formation. In this paper, we reassess the relationships between inflation, the tax code, and investment incentives because...
Persistent link: https://www.econbiz.de/10012477396