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The Revealed Preference of the Chinese Communist Party Leadership : Investing in Local Economic Development Versus Rewarding Social Connections
Kahn, Matthew E. - 2018
park site selection and document the willingness of China's provincial leaders to sacrifice economic development in order …
Persistent link: https://www.econbiz.de/10012922980
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Quid Pro Quo : Technology Capital Transfers for Market Access in China
Holmes, Thomas - 2014
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …
Persistent link: https://www.econbiz.de/10013063404
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2011
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...
Persistent link: https://www.econbiz.de/10013132721
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Bubble Thy Neighbor : Portfolio Effects and Externalities from Capital Controls
Forbes, Kristin J. - 2012
that have substantial exposure to China and decrease allocations to countries viewed as more likely to use capital controls …
Persistent link: https://www.econbiz.de/10013106660
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Nurturing the Accumulation of Innovations : Lessons from the Internet
Greenstein, Shane M. - 2014
The innovations that became the foundation for the Internet originate from two eras that illustrate two distinct models for accumulating innovations over the long haul. The pre-commercial era illustrates the operation of several useful non-market institutional arrangements. It also illustrates a...
Persistent link: https://www.econbiz.de/10013070006
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The Attraction of Foreign Manufacturing Investments : Investment Promotion and Agglomeration Economies
Head, Keith - 2008
We study Japanese investments between 1980 and 1992 to assess the effectiveness of state promotion efforts in light of strong agglomeration economies in Japanese investment. Two policy variables are consistently shown to influence the location of investment - foreign trade zones and labor...
Persistent link: https://www.econbiz.de/10012774874
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Investment Tax Incentives, Prices, and the Supply of Capital Goods
Goolsbee, Austan - 2008
Using data on the prices of capital goods, this paper shows that much of the benefit ofquot; investment tax incentives does not go to investing firms but rather to capital suppliers throughquot; higher prices. The reduction in the cost of capital from a 10 percent investment tax creditquot;...
Persistent link: https://www.econbiz.de/10012774928
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New Activities, the Welfare Cost of Uncertainty and Investment Policies
Aizenman, Joshua - 2008
This paper studies the effect of policy uncertainty on the formation of new activities in Romer's (1994) type of an economy, where productivity of labor increases with the number of capital goods. Adding a new capital good requires a capital specific set-up cost, invested prior to using the...
Persistent link: https://www.econbiz.de/10012774962
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An Analysis of Divisional Investment Policies
Shin, Hyun-Han - 2008
This paper investigates the divisional investment policies of diversified firms. We find that investment of the smallest division of diversified firms is significantly related to the cash flow of the other segments. We then show that the smallest division's investment is more sensitive to the...
Persistent link: https://www.econbiz.de/10012774975
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Taxes and Corporate Investment in Japanese Manufacturing
Hayashi, Fumio - 2001
This paper examines the impact of taxes on the incentive to invest for the Japanese manufacturing sector in the postwar period. The idyosyricratic feature of the Japanese corporation tax system as compared to the U.S. is the prevelence of tax-free reserves and the tax deductibility of a part of...
Persistent link: https://www.econbiz.de/10012787995