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Significant amounts of private capital have flowed out of several of the more heavily indebted developing countries. This outflow, often called "capital flight ," largely escapes taxation by the borrowing-country government, and has generated concern about the prospects for future servicing of...
Persistent link: https://www.econbiz.de/10012476896
Recent research documents that ownership concentration is higher in countries with weak investor protection. However, drawing on panel data on corporate ownership in 34 countries between 1995 and 2006, we show this pattern does not hold for newly public firms, which tend to have concentrated...
Persistent link: https://www.econbiz.de/10012464091
In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...
Persistent link: https://www.econbiz.de/10012465031
While governments have multiple tax instruments available to them, studies of the effect of tax policy on the locational decisions of multinationals typically focus exclusively on host country corporate income tax rates and their interaction with home country tax rules. This paper examines the...
Persistent link: https://www.econbiz.de/10012470279
Conventional wisdom holds that lack of government commitment deters foreign investment in developing countries. Yet this explanation is not convincing because some econometric studies have found little support for the role of political risk and host governments can offer upfront subsidies that...
Persistent link: https://www.econbiz.de/10012470320
This paper analyzes the effect of and performance of foreign direct investment (FDI). sparing foreign investment income to permit investors to receive the full benefits of host country tax reductions. For example, Japanese firms investing in countries with whom Japan has agreements are entitled...
Persistent link: https://www.econbiz.de/10012472085
"Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that … often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be … uncorrelated with ex-post firm-level responses, further evidence that deals rather than rules prevail in Africa. Strikingly, the …
Persistent link: https://www.econbiz.de/10011394615
Despite the low levels of taxation and public good provision in Africa, I provide evidence that a large proportion of … its potential threats to the autonomy of society. I show the historic social contracts in Africa rarely featured taxation … the way Africa is governed today …
Persistent link: https://www.econbiz.de/10013191019
Africa. But employment in African manufacturing has grown rapidly over the past 20 years. These employment gains have been … (iii) robust labor productivity growth in Africa's large firms. Limited employment growth in Africa's large manufacturing … manufacturing to raise living standards in Africa depends on indirect job creation by large firms through backward and forward …
Persistent link: https://www.econbiz.de/10012794598
about women's time use in Africa. First, in North Africa, women spend very few hours in market work and female labor force … participation overall is extremely low. Second, although extensive margin participation of women is high in sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10012794599