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The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations … debt contracts could be altered to improve the incentives for investment but this has proven difficult to accomplish …, perhaps because individual creditors have incentives not to agree to such changes. In this paper we show that a simple tax …
Persistent link: https://www.econbiz.de/10014396221
This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key … diagnostic approach for the assessment of incentives. This approach highlights the need for additional research on the …
Persistent link: https://www.econbiz.de/10014400245
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
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …
Persistent link: https://www.econbiz.de/10014396155
The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...
Persistent link: https://www.econbiz.de/10014396170
Persistent link: https://www.econbiz.de/10010389484
Persistent link: https://www.econbiz.de/10012796698
This paper analyses and compares two different groups of tools, the first to encourage the use of invoices (or payment systems) and the second to refund the VAT to low-income individuals. The analysis contributes to the existing literature by providing a clear characterization between these two...
Persistent link: https://www.econbiz.de/10012518310
from Norway, which has a very high share of EVs, thanks to generous tax incentives and other policies. Our estimates … abatement costs of Norway's tax incentives relative to emission savings. However, the estimated emission savings are much larger …
Persistent link: https://www.econbiz.de/10012612330
2000s. When the q-model accounts for intangible assets, the estimated investment elasticity to tax incentives is generally …
Persistent link: https://www.econbiz.de/10012666979