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Firm-Specific Information and the Efficiency of Investment
Chari, Anusha - 2006
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012780226
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The Macroeconomics of Border Taxes
Barbiero, Omar - 2018
We analyze the dynamic macroeconomic effects of border adjustment taxes, both when they are a feature of corporate tax reform (C-BAT) and for the case of value added taxes (VAT). Our analysis arrives at the following main conclusions. First, C-BAT is unlikely to be neutral at the macroeconomic...
Persistent link: https://www.econbiz.de/10012917034
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Implications of the Covid-19 Pandemic for State Government Tax Revenues
Clemens, Jeffrey P. - 2020
We assess the Covid-19 pandemic's implications for state government sales and income tax revenues. We estimate that the economic declines implied by recent forecasts from the Congressional Budget Office will lead to a shortfall of roughly $106 billion in states' sales and income tax revenues for...
Persistent link: https://www.econbiz.de/10012829793
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Who Really Benefits from Consumption Tax Cuts? Evidence from a Large Vat Reform in France
Benzarti, Youssef - 2017
In this paper we evaluate the incidence of a large cut in value-added taxes (VAT) for French sit-down restaurants. In contrast to previous studies that focus on prices only, we estimate its effect on four groups: workers, firm owners, consumers and suppliers of material goods. Using a...
Persistent link: https://www.econbiz.de/10012947007
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Fiscal Zoning and Sales Taxes : Do Higher Sales Taxes Lead to More Retailing and Less Manufacturing?
Burnes, Daria - 2011
We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...
Persistent link: https://www.econbiz.de/10013127424
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Commodity Price Shocks and the Australian Economy Since Federation
Bhattacharyya, Sambit - 2010
Even though Australia has experienced frequent and large commodity export price shocks like the Third World, it seems … de-industrialization and distributional impact, and policy responses. In what way has Australia been different from other …
Persistent link: https://www.econbiz.de/10012757921
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Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises
Bordo, Michael D. - 2015
kinds of financial crises for four countries (Argentina, Australia, Canada, and the United States) over the long-run …
Persistent link: https://www.econbiz.de/10013020714
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Identifying the Efficacy of Central Bank Interventions : The Australian Case
Kearns, Jonathan; Rigobon, Roberto - 2021
frequently obtained. We use an alternative identification assumption, a change in Reserve Bank of Australia intervention policy …
Persistent link: https://www.econbiz.de/10013234922
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The Service Sector as India's Road to Economic Growth
Eichengreen, Barry - 2011
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10013130492
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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10013130973