integrated production and thus leads to more outsourcing. Additionally, we analyse how domestic costs and taxation affect the … and therefore, increase employment. Concerning the impact of taxation, we find that a lower consumption tax on output … but higher fixed costs than the domestic production, we show that the opposite effects concerning competition and taxation …

not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … Ricardian proposition. Our results show dynamic effects; taxation inuences consumption beyond the current period. …

-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed …