Narrow search
Showing 1 - 10 of 238
Cover Image
Pareto-improving minimum corporate taxation
Hebous, Shafik; Keen, Michael - 2021
The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax, which-the...
Persistent link: https://www.econbiz.de/10012796362
Cover Image
Coordinating revenue incentive policies in the Caribbean
Ding, Ding; Kalla, Samira; Rosales, Manuel; Sidibé, … - 2020
The pervasive use of tax incentives is costly for the Caribbean countries, yet the benefits seem limited. Better policy coordination at the regional level is needed to help overcome the collective action problems and generate more revenue to support the much-needed infrastructure investment....
Persistent link: https://www.econbiz.de/10012301961
Cover Image
Tax incentives in Cambodia
Ghazanchyan, Manuk; Klemm, Alexander; Zhou, Yong Sarah - 2018
Cambodia, like its regional peers, offers a number of tax incentives to investors. This paper reviews these incentives to assess their costs and benefits, including their likely effectiveness in attracting capital and in supporting the diversification strategy. It finds that an important...
Persistent link: https://www.econbiz.de/10012252754
Cover Image
The impact of profit shifting on economic activity and tax competition
Klemm, Alexander; Liu, Li - 2019
A growing empirical literature has documented significant profit shifting activities by multinationals. This paper looks at the impact of such profit shifting on real activity and tax competition. Real activity can be affected as profit shifting changes-and theoretically most likely reduces-the...
Persistent link: https://www.econbiz.de/10012155106
Cover Image
Diversion of tourism flows in the Asia & Pacific region : lessons for COVID-19 recovery
Balasundharam, Vybhavi; Koepke, Robin - 2021
The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery in countries that establish themselves as more attractive...
Persistent link: https://www.econbiz.de/10012796804
Cover Image
Risks and vulnerabilities in the U.S. bond mutual fund industry
Bouveret, Antoine; Yu, Jie - 2021
This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of analyses to identify which fund categories are more vulnerable to distress than others, and how sales from funds can impact financial stability. We develop a new measure to identify...
Persistent link: https://www.econbiz.de/10012605013
Cover Image
Sectoral shocks and spillovers : an application to COVID-19
Das, Sonali; Magistretti, Giacomo; Pugacheva, Evgenia; … - 2021
This paper examines the role of sectoral spillovers in propagating sectoral shocks in the broader economy, both in the … past and during the COVID-19 pandemic. In particular, we study how shocks that occur within a sector itself and spillovers … historical estimates, together with the network structure of global production, to quantify the spillovers from the economic …
Persistent link: https://www.econbiz.de/10012605501
Cover Image
Cars in Europe : supply chains and spillovers during COVID-19 times
Boranova, Vizhdan; Huidrom, Raju; Ozturk, Ezgi; … - 2022
value added of the car sector attributable to spillovers via supply chains within and across borders. Within borders, the … associated demand effects. Across borders, spillovers from the pandemic-induced labor supply shocks that originate in other …
Persistent link: https://www.econbiz.de/10013170591
Cover Image
Supply spillovers during the pandemic : evidence from high-frequency shipping data
Cerdeiro, Diego A.; Komaromi, Andras - 2020
the supply and demand channels in trade by quantifying the causal effect of supply spillovers from lockdowns. We utilize a … spillovers of lockdowns through international trade. Moreover, the evidence is suggestive of the downstream propagation of …
Persistent link: https://www.econbiz.de/10012486099
Cover Image
Inflation co-movement in emerging and developing Asia : the monsoon effect
Blagrave, Patrick - 2019
Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks-a result which the paper terms the 'monsoon effect.' Economies with higher trade integration and...
Persistent link: https://www.econbiz.de/10012102097