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The return of the policy that shall not be named : principles of industrial policy
Chérif, Réda; Hasanov, Fuad - 2019
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
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Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model
Laxton, Douglas - 1998
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...
Persistent link: https://www.econbiz.de/10014403417
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The leap of the tiger : how Malaysia can escape the middle-income trap
Chérif, Réda; Hasanov, Fuad - 2015
Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in...
Persistent link: https://www.econbiz.de/10011374753
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A destination-based allowance for corporate equity
Hebous, Shafik; Klemm, Alexander - 2018
Following renewed academic and policy interest in the destination-based principle for taxing profits-particularly through a destination-based cash flow tax (DBCFT)-this paper studies other forms of efficient destination-based taxes. Specifically, it analyzes the Destination-Based Allowance for...
Persistent link: https://www.econbiz.de/10011932507
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Allowances for Corporate Equity in Practice
Klemm, Alexander - 2006
the recent past, ACE systems have been used in Austria, Croatia, and Italy. Brazil still applies a variant of such a …
Persistent link: https://www.econbiz.de/10014400269
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From Generosity to Sustainability : The Austrian Pension System and Options for its Reform
Thimann, Christian - 1997
Austria has probably the world’s highest pension expenditures relative to its economic size, largely because of the …
Persistent link: https://www.econbiz.de/10014400309
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Population Aging and Long-Term Fiscal Sustainability in Austria
Eskesen, Leif Lybecker - 2002
Austria faces significant population aging. This will increase public spending on pensions, health care, and long …-term care, while tax and social security revenues will fall. This paper analyzes the fiscal burden facing Austria due to aging … and the policy steps necessary to address it. The paper finds that Austria is not well prepared to meet the fiscal burden …
Persistent link: https://www.econbiz.de/10014399726
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Explaining Efficiency Differences Among Large German and Austrian Banks
Hauner, David - 2004
Cost-efficiency, scale efficiency, and productivity change are estimated by data envelopment analysis; and cost-efficiency is regressed on explanatory variables. No evidence is found for average productivity responding to deregulation over the period studied. State-owned banks are found to be...
Persistent link: https://www.econbiz.de/10014401366
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The Dissolution of the Austro-Hungarian Empire : Lessons for Currency Reform
Spencer, Michael G. - 1992
This paper investigates the currency reforms undertaken subsequent to the dissolution of the Austro-Hungarian Empire in 1918. The reforms were motivated by the lack of coordination of monetary policy and the absence of a rule for sharing seigniorage. Because the Successor States’ reforms were...
Persistent link: https://www.econbiz.de/10014398287
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Medium-Term Budgetary Frameworks : Lessons for Austria From International Experience
Lundbäck, Erik J. - 2008
The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other...
Persistent link: https://www.econbiz.de/10014401747