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balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs …Based on an idiosyncratic reading of the literature I propose intermediate (rather than tight or soft) regulation for …
Persistent link: https://www.econbiz.de/10013316240
-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate …
Persistent link: https://www.econbiz.de/10013160048
This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of … with less investment (lower capital stock). The paper also sheds light on the existence of non-linear effects of product … and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of …
Persistent link: https://www.econbiz.de/10012956879
it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … sustain a relatively high investment rate, and examines the arguments that have been offered for an impending drastic …
Persistent link: https://www.econbiz.de/10012953882
, passive investment, and active investment of multinational firms, using high-quality administrative data on virtually all … multinational affiliates. Additionally, an ACE increases intra-group lending and other forms of passive investment but has no … effects on production investment of multinational affiliates. The findings indicate that a unilateral implementation of an ACE …
Persistent link: https://www.econbiz.de/10013021715
China's increased trade with and investment in Africa have boosted the continent's economic growth but have also … generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and … investment is small, though growing rapidly. China's attraction to resource-rich countries is no different from Western …
Persistent link: https://www.econbiz.de/10012987345
-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …
Persistent link: https://www.econbiz.de/10012921411
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …
Persistent link: https://www.econbiz.de/10012947623
affects other countries by estimating cross-country tax and regulation elasticities …
Persistent link: https://www.econbiz.de/10013014359
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel of OECD countries in 1996-2007. Our instrumental-variable model derives its non-linear first stage from a logistic diffusion model where pre-existing voice-telephony and...
Persistent link: https://www.econbiz.de/10013116573