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Tax structure and government expenditures under tax equity norms
König, Tobias; Wagener, Andreas - 2010
We augment a standard tax model by concerns about tax equity: people get upset when labour is taxed more heavily than capital. Even the slightest concern for tax equity invalidates the common recommendation for small open economies that capital should remain tax-exempt. This holds for exogenous...
Persistent link: https://www.econbiz.de/10010274873
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The US-China Trade War and the Relocation of Global Value Chains to Mexico
Utar, Hâle; Zurita, Alfonso Cebreros; Ruiz, Luis … - 2023
Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We … address this question with confidential longitudinal firm-level trade data from Mexico that covers the universe of … in GVC activities in Mexico with linkages to Asian and US-based GVCs. Our analysis also reveals increased net exports and …
Persistent link: https://www.econbiz.de/10014377612
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An Analysis of the Impact of Public Infrastructure on Productivity Performance of Mexican Industry
Mamatzakis, Emmanuel C. - 2021
It has been frequently quoted in the literature that one decisive cause of the productive performance of an economy might be infrastructure investment. This paper provides a dual profit theoretical framework of measuring the effects of infrastructure on economic performance in terms of gains in...
Persistent link: https://www.econbiz.de/10013316826
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Policy Competition, Imitation and Coordination under Uncertainty
Hefeker, Carsten - 2022
The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...
Persistent link: https://www.econbiz.de/10013266701
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Policy Competition, Imitation and Coordination Under Uncertainty
Hefeker, Carsten - 2022
The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...
Persistent link: https://www.econbiz.de/10013289693
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Post-Thatcher fiscal strategies in the UK : an interpretation
Hallett, Andrew Hughes - 2004
Fiscal policy in Britain has changed radically since the Keynesianism of the 1960s and 1970s. After a passive period under monetarism of the 1980s, fiscal policy is said to have adopted a leadership role with long term objectives (low debt, the provision of public services/ investment, and...
Persistent link: https://www.econbiz.de/10010261117
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Economic incentives and social preferences : a preference-based Lucas critique of public policy
Bowles, Samuel; Polanía Reyes, Sandra - 2009
Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...
Persistent link: https://www.econbiz.de/10010266032
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Standing on the Shoulders of Giants or Science? – Lessons from Ordoliberalism
Feld, Lars P.; Köhler, Ekkehard A. - 2023
James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...
Persistent link: https://www.econbiz.de/10014290292
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Ordoliberalism, Pragmatism and the Eurozone Crisis: How the German Tradition Shaped Economic Policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...
Persistent link: https://www.econbiz.de/10010531842
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Standing on the Shoulders of Giants or Science? – Lessons from Ordoliberalism
Feld, Lars P.; Köhler, Ekkehard A. - 2023
James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...
Persistent link: https://www.econbiz.de/10014357632