Showing 1 - 10 of 1,433
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10014401433
The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in … macroeconomic stability. It shows also that diversification, in the form of equal distribution of resources between nonprimary …
Persistent link: https://www.econbiz.de/10014399995
Schemes of residual profit allocation (RPA) tax multinationals by allocating their 'routine' profits to countries in … which their activities take place and sharing their remaining 'residual' profit across countries on some formulaic basis …
Persistent link: https://www.econbiz.de/10012251292
We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX intervention. We find that swaps are profitable in expectation, suggesting that FX intervention is used to stabilize the exchange rate in the face of temporary excessive movements...
Persistent link: https://www.econbiz.de/10012251968
determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our …
Persistent link: https://www.econbiz.de/10012605524
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
Persistent link: https://www.econbiz.de/10009487112
question by proposing a new cross-country tax revenue diversification index (RDI). The RDI builds on the Theil index, and … unlike the few existing tax diversification indices, which are constructed only at the state level for the US, is computed at … revenue diversification reduces tax revenue volatility, thus bringing to the data long-held views about the prominence of tax …
Persistent link: https://www.econbiz.de/10012251991
We identify key factors, from large set of potential determinants, that explain the variation in export diversification … diversification, followed by improving education outcomes at the secondary level and financial sector development …
Persistent link: https://www.econbiz.de/10012021886
Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms' product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing...
Persistent link: https://www.econbiz.de/10011704969