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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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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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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
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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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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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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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Production offshoring and investment by Japanese firms
Kang, Joong Shik; Piao, Shi - 2015
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
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Capital inflows, credit growth, and financial systems
Igan, Deniz; Tan, Zhibo - 2015
Exploiting a granular panel dataset that breaks down capital inflows into FDI, portfolio and other categories, and distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital inflows and credit growth. We find that non-FDI...
Persistent link: https://www.econbiz.de/10011373931
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Brexit referendum and business investment in the UK
Górnicka, Lucyna - 2018
In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' participation in global trade is used as a proxy for firm-level exposure to...
Persistent link: https://www.econbiz.de/10011978381