view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …

results suggest that the correlation between investment and savings depends on institutions, exchange rate risk and credit …

This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second …-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order … of policy priority is derived. Efficient tax policy ranks investment in human capital higher than investment in nonhuman …

The standard tax theory result that investment should not be distorted is based on the assumption that profits are … policy response to increasing firm mobility may be taxation, subsidization or non-distortion of investment depending on …

. Consistent with theory, I find that stronger tax competition increases deficits in a sample of OECD countries, controlling for …

We study the dual relationship between market structure and prices and between market structure and investment in …. Furthermore, they also lead to higher investment per mobile operator, though the impact on total investment is not conclusive. Our …

cointegration and the estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject …

-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 …