Showing 1 - 10 of 509
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of the UCE with Canadian data are less prone to the...
Persistent link: https://www.econbiz.de/10012251411
Persistent link: https://www.econbiz.de/10009572374
The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …. Sectoral wage growth seems unrelated to sectoral productivity growth, but is negatively associated with investment. Firm …
Persistent link: https://www.econbiz.de/10012177626
Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most …, corporate leverage, and uncertainty. There is a considerable cross country heterogeneity in terms of both investment dymanics … and its determinants. Based on the findings of this paper, investment is expected to pick up as the recovery strengthens …
Persistent link: https://www.econbiz.de/10011281886
and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …
Persistent link: https://www.econbiz.de/10014400153
This paper analyzes the evolution of investment in China, its main features, and its key determinants. In recent years …, manufacturing, real estate, and infrastructure have been the main drivers of investment. Investment remains largely concentrated in … determinants of investment indicates that financial variables, such as interest rates, the exchange rate, and the depth of the …
Persistent link: https://www.econbiz.de/10014396831
Investment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been … trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic … investors have been less prominent. This may be one reason why such high investment has delivered Caribbean growth rates below …
Persistent link: https://www.econbiz.de/10014402066
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment …. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA … primarily as a windfall for shareholders. We find that U.S. business investment since 2017 has grown strongly compared to pre …
Persistent link: https://www.econbiz.de/10012022032
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10014394323
investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this … highlights implications of different taxes for growth and investment in these models. The empirical work is based on cross … significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are …
Persistent link: https://www.econbiz.de/10014395798