have been a reaction to TCR. -- Multinational firm ; debt ; thin capitalization ; financial structure …

This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a … repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital … harmonization is sustainable or not crucially depends on the capital endowment of the median country relative to those of the large …

An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical … this framework aging increases the relative scarcity of labor with respect to capital. Therefore, there will be more labor …- and less capital-saving technical change. Unless there are contemporaneous knowledge spillovers across innovating firms …

transfers over this period is taken into account. We show that the increase in capital's share of total income and the presence … of capital-entrepreneurial skill complementarity are two key features that help support the wages of ordinary workers as … the new technology diffuses. -- income inequality ; skill-biased technological change ; capital-skill complementarity …

Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous … framework consists in the introduction of capital goods that firms producing consumption goods (C-firms) purchase from capital … goods producers (K-firms). The introduction of durability (in the form of capital which depreciates gradually) has important …

elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa ….s theorem to show that introducing human capital accumulation in the standard way does not resolve the puzzle. However, balanced … growth is possible if education is endogenous and capital is more complementary with schooling than with raw labor. We …

This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a … repeated interactions model of tax competition when there are three countries with heterogenous capital endowments. We show … harmonization is sustainable or not crucially depends on the extent to which the capital endowment of the medium-sized country is …

The elasticity of substitution between capital and labor features prominently in several areas of economic research …

Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the … substantially affected by adjustment costs in the accumulation of capital. With the proper technology and a plausible … parameterization of adjustment costs, the MPK in poor countries is much higher than the MPK in rich countries. Why capital flows do not …