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International Migration and International Trade

Razin, Assaf; Sadka, Efraim - 2021

This paper surveys key developments in the theory of international migration and international trade, and provides a …

Persistent link: https://www.econbiz.de/10013218419

Basic Concepts of International Taxation

Frenkel, Jacob A.; Razin, Assaf; Sadka, Efraim - 2021

Free movements of goods and capital across national borders have important implications for both direct and indirect taxation. The paper discusses the following issues: (a) The implications of different treatments of resident capital income originating abroad and nonresident capital income...

Persistent link: https://www.econbiz.de/10013243638

International Tax Competition and Gains from Tax Harmonization

Razin, Assaf - 2010

In a world economy there are two types of distortions which can be caused by capital income taxation in addition to the … inefficient allocation of world savings across countries; and (ii) international differences in the marginal productivity of … capital, implying an inefficient allocation of world investment across countries. The paper focuses on the structure of …

Persistent link: https://www.econbiz.de/10013139347

Fiscal and Migration Competition

Razin, Assaf - 2010

It is often argued that tax competition may lead to a "race to the bottom". Such a race may hold indeed in the case of the pure case of factor mobility (such as capital mobility). However, in this paper we emphasize the unique feature of labor migration, that may nullify the "race to the bottom"...

Persistent link: https://www.econbiz.de/10013139888

Optimal Incentives to Domestic Investment in the Presence of Capital Flight

Razin, Assaf - 2008

with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports …

Persistent link: https://www.econbiz.de/10012774814

Quantitative Implications of the Home Bias : Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation

Razin, Assaf - 2008

There is strong evidence about a home-court advantage in international portfolioquot; investment. One explanation for the bias is an information asymmetry between domestic andquot; foreign investors about the economic performance of domestic firms. This asymmetry causesquot; two types of...

Persistent link: https://www.econbiz.de/10012774918

Why International Equity Inflows to Emerging Markets are Inefficient and Small Relative to International Debt Flows

Razin, Assaf - 2010

This paper considers the financing of investment in the presence of asymmetric information between the 'insiders' and the 'outsiders' of the firms in a small open economy. It establishes a well-defined capital structure for the economy as a whole with the following features: low-productivity...

Persistent link: https://www.econbiz.de/10012763079

Integration of the International Capital Markets : the Size of Government and Tax Coordination

Razin, Assaf - 2009

source-based tax schemes) is essential for the existence of an equilibrium in an integrated world economy …

Persistent link: https://www.econbiz.de/10012767952

Migration State and Welfare State : Competition vs. Coordination in an Economic Union

Razin, Assaf - 2015

We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key policy differences emerge between the two regimes: concerning the generosity of the welfare state and the skill composition of migration. We argue that the differences between...

Persistent link: https://www.econbiz.de/10013014302

International Tax Reforms with Flexible Prices

Razin, Assaf - 2018

The growing spread of globalization creates a genuine need for international tax reforms. In this we establish the neutrality of border-tax adjustments of the income tax; the welfare dominance of residence-based over source-based income taxation, albeit at the cost of a larger trade deficit; and...

Persistent link: https://www.econbiz.de/10012930339