Showing 1 - 10 of 2,197
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10013233025
What is the optimal form of firm organization during “bad times”? We present a model of delegation within the firm to show that the effect is ambiguous. The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the...
Persistent link: https://www.econbiz.de/10012957377
attributed to a single dimension of underlying firm heterogeneity, efficiency. Conditional on entry, underlying efficiency …
Persistent link: https://www.econbiz.de/10012765557
This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open … capital movement and influencing domestic and foreign tax receipts, saving, and investment. The efficiency costs of inflation …
Persistent link: https://www.econbiz.de/10013217933
This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … Added Tax [VAT]. We consider the case where the collection efficiency is determined by the probability of audit and by the … penalty on underpaying. Implementation lags imply that the present policy maker determines the efficiency of the tax system …
Persistent link: https://www.econbiz.de/10013219708
, on average. The results provide new objective indicators of government efficiency across countries, based on a simple and …
Persistent link: https://www.econbiz.de/10013036654
Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … heavily regulated. It also makes predictions, both across activities and across jurisdictions, for the efficiency of …
Persistent link: https://www.econbiz.de/10013148865
This paper exploits a unique offshoring survey to show that firms continue domestic production of the same goods they offshore to low-wage countries. This shift towards “produced-good imports” coincides with a reallocation of labor from physical production to innovation and technology...
Persistent link: https://www.econbiz.de/10013315325
There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living....
Persistent link: https://www.econbiz.de/10013311627
Why should multilateral lending exist in a world where private capital markets are well developed and governments have … their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent …
Persistent link: https://www.econbiz.de/10012763737