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The relationship between emerging economies and developed economies via multinational corporations is investigated. Using newly constructed database, it is shown that corporate expansion during the past decade has been dominated by M&As and characterized by developed countries financial...
Persistent link: https://www.econbiz.de/10008490070
This article attempts to provide empirical validation of financial globalization. First, we will give an idea about the …
Persistent link: https://www.econbiz.de/10011271330
Despite an extensive literature on the determinants of the foreign location choices by multinational companies, researchers have only recently begun to systematically examine how these companies form their location consideration sets. When considering new foreign locations, do firms evaluate the...
Persistent link: https://www.econbiz.de/10008545973
The globalization process, from both a temporal and locational point of view, has led to changes in the human …
Persistent link: https://www.econbiz.de/10005619681
to face to compete such as the stagnant productivity, the high taxation, the insufficient institutional support for …
Persistent link: https://www.econbiz.de/10011114374
As reported in similar studies, the necessity for social cohesion and workers motivation had as a result the adoption of EU 94/45/EC on European Works Councils (EWCs). This fact has been the cornerstone of the venture to establish a social dimension of the European Union, since it gives...
Persistent link: https://www.econbiz.de/10011198604
We build a New Keynesian model with imperfectly competitive goods markets and heterogeneous people and examine their impact on fiscal multipliers and on the net increase in output and expenditure caused by fiscal policies, using the balanced budget multiplier. Results show that in highly unequal...
Persistent link: https://www.econbiz.de/10011902288
would expect an equally drastic change to have taken place in the structure of the taxation system. Nevertheless, no such … redistributive) character of the Greek taxation system. The aim of this paper is to provide evidence for this phenomenon from a … political economy perspective. The first section examines the general trends of taxation in Greece during the period 1995 …
Persistent link: https://www.econbiz.de/10011271689
We investigate whether laws restricting fiscal policies across U.S. states lead politicians to adopt more partisan regulatory policy instead. We first show that partisan policy outcomes do exist across U.S. states, with Republicans cutting taxes and spending and Democrats raising them. We then...
Persistent link: https://www.econbiz.de/10011258763
The effect of taxpyers' competition at jurisdictions' local markets on the properties of the tax competition equilibrium is studied. The general equilibrium model is considered with mobile firms acting under monopolistic competition on local markets. It is shown that equilibrium tax rate tends...
Persistent link: https://www.econbiz.de/10011259733