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Capital Gains Taxation in an Economy with an "Austrian Sector"
Kovenock, Daniel J. - 1981
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10012478357
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The Austrian Theory of the Marginal Use And of Ordinal Marginal Utility
McCulloch, J. Huston - 1977
The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal utility (as derived from the marginal use) is not dependent on cardinal utility, and indeed is consistent with "intrinsically ordinal" utility. In this system, diminishing...
Persistent link: https://www.econbiz.de/10012478959
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Interest Rates and World Trade : An 'Austrian' Perspective
Antràs, Pol - National Bureau of Economic Research - 2023
This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates an explicit notion of time and of production length, along the lines of the 'Austrian' tradition of Böhm-Bawerk (1889). Changes in the interest rate affect production lengths,...
Persistent link: https://www.econbiz.de/10013537738
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An 'Austrian' Model of Global Value Chains
Antràs, Pol - National Bureau of Economic Research - 2023
I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the production process mature for a longer period of time increases labor productivity, but it comes at the cost of higher working capital needs for firms. Under...
Persistent link: https://www.econbiz.de/10013537793
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Lending to the Unbanked : Relational Contracting with Loan Sharks
Lang, Kevin - 2019
We study roughly 11,000 loans from unlicensed moneylenders to over 1,000 borrowers in Singapore and provide basic …
Persistent link: https://www.econbiz.de/10012480344
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Growth Accounting with Misallocation : Or, Doing Less with More in Singapore
Fernald, John - 2010
rather than the top down. We show an example, for Singapore, of how incomplete data can be used to obtain estimates of … estimates in Singapore and to resolve other empirical puzzles regarding Asian development …
Persistent link: https://www.econbiz.de/10012462609
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Capital Flows and Exchange Rate Volatility : Singapore's Experience
Kapur, Basant K. - 2005
Singapore's experience with international capital flows over the past two decades or so has been a rather -- although … equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore's CB system). The … discussion serves to identify some 'areas of vulnerability' in the Hong Kong set-up at that time. We next discuss Singapore …
Persistent link: https://www.econbiz.de/10012467314
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Ownership and Use Taxes as Congestion Correcting Instruments
Chia, Ngee-Choon - 2001
In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift …
Persistent link: https://www.econbiz.de/10012470446
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Annuity Values in Defined Contribution Retirement Systems : The Case of Singapore and Australia
Doyle, Suzanne - 2001
is to assess the money's worth and adverse selection impact of annuities in two countries Singapore and Australia that …
Persistent link: https://www.econbiz.de/10012470638
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Accounting for Outward Direct Investment from Hong Kong and Singapore : Who Controls What?
Low, Linda - 1996
), we survey information on outward investors from Hong Kong and Singapore with the aim of illuminating the implications of … investment by foreign firms in Hong Kong and Singapore often involves sub- stantial contributions from local staff and partners … of foreign-controlled Hong Kong or Singapore investors suggested that many of the investors were acting as part of an …
Persistent link: https://www.econbiz.de/10012472970