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Distribution costs
Peter, Alessandra; Ruane, Cian - 2021
We provide the first direct estimates of distribution expenses incurred by manufacturing plants and assess their importance for aggregate output. Using a novel measure from the Indian Annual Survey of Industries, we document three key facts: (1) distribution expenses are large - they amount to...
Persistent link: https://www.econbiz.de/10013170582
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The return of the policy that shall not be named : principles of industrial policy
Chérif, Réda; Hasanov, Fuad - 2019
story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn …
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 intensive margin in trade
Fernandes, Ana Margarida; Klenow, Peter J.; Meleshchuk, … - 2018
The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50 percent of variation in exports is along the...
Persistent link: https://www.econbiz.de/10011978438
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The optimal turnover threshold and tax rate for SMEs
Wei, Feng; Wen, Jean-François - 2019
Presumptive income taxes in the form of a tax on turnover for SMEs are pervasive as a way to reduce the costs of compliance and administration. We analyze a model where entrepreneurs allocate labor to the formal and informal sectors. Formal sector income is subjected either to a corporate income...
Persistent link: https://www.econbiz.de/10012021806
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Alternative Forms of Mineral Taxation, Market Failure and the Environment
Muzondo, Timothy R. - 1992
This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that mineral resources taxation should combine neutral taxes with a dynamic Pigovian type...
Persistent link: https://www.econbiz.de/10014396479
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An overview of macroprudential policy tools
Claessens, Stijn - 2014
Macroprudential policies - caps on loan to value ratios, limits on credit growth and other balance sheets restrictions, (countercyclical) capital and reserve requirements and surcharges, and Pigouvian levies - have become part of the policy paradigm in emerging markets and advanced countries...
Persistent link: https://www.econbiz.de/10014411770
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Explaining Unemployment in Spain : Structural Change, Cyclical Fluctuations, and Labor Market Rigidities
Franks, Jeffrey R. - 1994
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures...
Persistent link: https://www.econbiz.de/10014398071
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Fair and inclusive markets : why dynamism matters
Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021
inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …
Persistent link: https://www.econbiz.de/10012517949
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Tracing productivity growth channels in the UK
Garcia-Macia, Daniel; Korosteleva, Julia - 2021
traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …
Persistent link: https://www.econbiz.de/10012795165