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investment in the export sector over investment in the import-competing sector. The reason is that a more open economy is more … basically an externality, there is a role for policy to provide higher returns to export producing activities …
Persistent link: https://www.econbiz.de/10014396037
underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We …
Persistent link: https://www.econbiz.de/10014402276
This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our … entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by … lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the …
Persistent link: https://www.econbiz.de/10012605121
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...
Persistent link: https://www.econbiz.de/10010479342
Persistent link: https://www.econbiz.de/10009756813
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395985
When the top personal tax rates are above the corporate rate, high-income individuals have an incentive to reclassify their earnings as corporate rather than personal income for tax purposes. U.S. tax law at least imposes strict limits on the extent to which employees in publicly traded...
Persistent link: https://www.econbiz.de/10014400644
A defining feature of transition economies is the expansion of the private sector. Motivated by the observation that new enterprises in transition economies seem to have a strong preference for recruiting young people, this paper studies intergenerational redistribution following from market...
Persistent link: https://www.econbiz.de/10014399553
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
Export credit agencies (ECAs) have played a critical role in financing for developing countries in recent years, and … officially supported export credits have been growing in volume. The current export credit exposure to developing countries and … economies in transition has reached almost half a trillion dollars. This paper reviews developments in export credit markets …
Persistent link: https://www.econbiz.de/10014403344