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The Use of Tax Havens in Exemption Regimes

Gumpert, Anna - 2011

This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...

Persistent link: https://www.econbiz.de/10012461013

Globalization, Government Popularity, and the Great Skill Divide

Aksoy, Cevat G. - 2018

How does international trade affect the popularity of governments and leaders? We provide the first large … intensive trade has no such effect among the unskilled. To identify exogenous variation in international trade, we exploit the … international trade differ with skill intensity and that skilled individuals respond differently from their unskilled counterparts …

Persistent link: https://www.econbiz.de/10012480715

Globalization, Governance, and the Returns to Cross-Border Acquisitions

Ellis, Jesse - 2011

Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...

Persistent link: https://www.econbiz.de/10012461981

Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements

Carey, Mark - 2000

Now in prospect is a major revision of international bank capital regulations that would embody recent advances in …

Persistent link: https://www.econbiz.de/10012471142

The Determinants of Cross-Border Equity Flows

Portes, Richard - 1999

information heavily determines the pattern of international transactions. Our model integrates elements of the finance literature … on portfolio composition and the international macroeconomics and asset trade literature. Gross asset flows depend on …

Persistent link: https://www.econbiz.de/10012471448

The International CAPM and a Wavelet-Based Decomposition of Value at Risk

Fernandez, Viviana - 2006

In this article, we formulate a time-scale decomposition of an international version of the CAPM that accounts for both …

Persistent link: https://www.econbiz.de/10012466435

Accounting for Cross-Country Income Differences

Caselli, Francesco - 2004

Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to...

Persistent link: https://www.econbiz.de/10012467861

Globalization, Returns to Accumulationa and the World Distribution of Output

Beaudry, Paul - 2004

This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country distribution of output--per--worker. In particular examine whether the opening up of trade in a Hecksher--Ohlin type model of trade can explain the observed changes. On...

Persistent link: https://www.econbiz.de/10012468128

The Quantity and Quality of Life and the Evolution of World Inequality

Becker, Gary S. - 2003

Lack of income convergence for the world as a whole has led to concerns about the impact of globalization of markets on world inequality. GDP per capita is usually used to proxy for the quality of life of individuals living in different countries. However, well-being is also affected by quantity...

Persistent link: https://www.econbiz.de/10012468933

Why World Redistribution Fails

Kopczuk, Wojciech - 2002

An optimal linear world income tax that maximizes a border-neutral social welfare function provides a drastic reduction in world consumption inequality, dropping the Gini coefficient from 0.69 to 0.25. In contrast an optimal decentralized (i.e., within countries) redistribution has miniscule...

Persistent link: https://www.econbiz.de/10012469524

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