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Macroeconomic Effects of Capital Tax Rate Changes
Bhattarai, Saroj - 2019
We study aggregate, distributional, and welfare effects of a permanent reduction in the capital tax rate in a dynamic equilibrium model with capital-skill complementarity. Such a tax reform leads to expansionary long-run aggregate effects, but is coupled with an increase in the skill premium....
Persistent link: https://www.econbiz.de/10012870641
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Revenue Implications of Destination-Based Cash-Flow Taxation
Hebous, Shafik - 2019
We estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with sizable redistribution of revenue across countries....
Persistent link: https://www.econbiz.de/10012892131
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Labor in the Boardroom
Jäger, Simon - 2019
study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked … reduces owners' capital investment – we find that granting formal control rights to workers raises capital formation. The … relations whereby shared governance raises capital by permitting workers to bargain over investment or by institutionalizing …
Persistent link: https://www.econbiz.de/10012857903
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To React or Not? Fiscal Policy, Volatility and Welfare in the EU-3
Malley, Jim - 2008
implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is … government consumption or investment to react to the output gap or the public debt-to-output ratio. If the object of fiscal …
Persistent link: https://www.econbiz.de/10012773638
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The Impact of COVID-19 on Economic Activity : Evidence from Administrative Tax Registers
Angelov, Nikolay; Waldenström, Daniel - 2021
We use population-wide tax register data to document the impact of the COVID-19 pandemic on firm sales, tax revenues, and sick pay in Sweden. The pandemic impact is identified using within-year, between-year, and geographical variation, and our data allows us to run placebo tests. Our findings...
Persistent link: https://www.econbiz.de/10013219067
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The Effects of the Tax Cuts and Jobs Act on the Tax-Competitiveness of Multinational Corporations
Overesch, Michael; A. Reichert, Leon G.; Wamser, Georg - 2023
We exploit the 2017 US tax reform to learn about the tax-competitiveness of US multinational corporations (MNCs) relative to their international peers. Matching on the propensity score, we compare pairs of similar US and European firms listed on the S&P500 or StoxxEurope600 in a...
Persistent link: https://www.econbiz.de/10014254211
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Is there really a green paradox?
van der Ploeg, Frederick; Withagen, Cees A. - 2010
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10010276987
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A strategic R&D investment with flexible development time in real option game analysis
Villani, Giovanni - 2009
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV … (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However …, most R&D investment projects are open to competing firms in the same industry or line of business, and so the strategic …
Persistent link: https://www.econbiz.de/10010266007
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Cross-racial envy and underinvestment in South Africa
Haile, Daniel; Sadrieh, Abdolkarim; Verbon, Harrie A. A. - 2006
Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa. The amount of socio-economic information available to the subjects about their counterparts is varied. No significant behavioural differences are observed, when no such...
Persistent link: https://www.econbiz.de/10010261410
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Projecting the Spread of COVID19 for Germany
Donsimoni, Jean Roch - 2020
We model the evolution of the number of individuals that are reported to be sick with COVID-19 in Germany. Our …
Persistent link: https://www.econbiz.de/10012837989