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This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment, labor formality, and growth of a reduction in non-wage labor costs in Colombia. First, and following Hall and Jorgensen (1967), we estimate an investment function, which depends...
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-2004 shows that income has only a minor effect on positive subjective well-being but a large effect on negative well …
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; Collateral ; Income risk ; Bankruptcy …
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This study examines the long-run relationship between industrial pollution and income in China using provincial panel … data. Four types of pollutants are modelled: waste water, solid wastes, soot and SO2 emission. Two types of income effects … EKC models; pollutant emissions may go positively or negatively with income irrespective of income levels whereas certain …
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