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Theft and Taxes
Desai, Mihir A. - 2004
This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
Persistent link: https://www.econbiz.de/10012467710
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US Sanctions Reinforce the Dollar's Dominance
Dooley, Michael P.; Folkerts-Landau, David F. I.; … - National Bureau of Economic Research - 2022
Recent sanctions on the use of Russia's international reserve assets seem likely to reduce the appeal of US dollar … has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically …
Persistent link: https://www.econbiz.de/10013191038
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Oil and Gas Revenue Allocation to Local Governments in Eight States
Newell, Richard G. - 2015
This report examines how oil and gas production generates revenue for local governments in eight states through four key mechanisms: (i) state taxes or fees on oil and gas production; (ii) local property taxes on oil and gas property; (iii) leasing of state-owned land; and (iv) leasing of...
Persistent link: https://www.econbiz.de/10012457054
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Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
Allcott, Hunt - 2014
Do natural resources benefit producer economies, or is there a "Natural Resource Curse,"0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and gas...
Persistent link: https://www.econbiz.de/10012458159
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The Impact of Removing Tax Preferences for U.S. Oil and Natural Gas Production : Measuring Tax Subsidies by an Equivalent Price Impact Approach
Metcalf, Gilbert E. - 2016
This paper presents a novel methodology for estimating impacts on domestic supply of oil and natural gas arising from changes in the tax treatment of oil and gas production. It corrects a downward bias when the ratio of aggregate tax expenditures to domestic production is used to measure the...
Persistent link: https://www.econbiz.de/10012456142
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Pandemic, War, Inflation : Oil Markets at a Crossroads?
Baumeister, Christiane - National Bureau of Economic Research - 2023
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883
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A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
Lorenzoni, Guido; Werning, Iván - National Bureau of Economic Research - 2022
limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish …
Persistent link: https://www.econbiz.de/10013191024
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On Wars, Sanctions and Sovereign Default
Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2022
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
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Sanctions and the Exchange Rate
Itskhoki, Oleg; Mukhin, Dmitry - National Bureau of Economic Research - 2022
that affect the equilibrium exchange rate. The dynamic behavior of the ruble exchange rate following Russia's military …
Persistent link: https://www.econbiz.de/10013191103
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Private Sanctions
Hart, Oliver D.; Thesmar, David; Zingales, Luigi - National Bureau of Economic Research - 2022
Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences …. Only 37% think that leaving Russia is a purely business decision. If a firm does not conform with these desires, 66% of the … the geopolitical and economic implications of a world where private corporations may discontinue profitable business …
Persistent link: https://www.econbiz.de/10013477220