Showing 1 - 10 of 238
This article presents an integrated assessment of climate change, air pollution, and energy security policy. Basis of our analysis is the MERGE model, designed to study the interaction between the global economy, energy use, and the impacts of climate change. For our purposes we expanded MERGE...
Persistent link: https://www.econbiz.de/10008824505
This paper evaluates the consequences of renewable energy policies on welfare, resource rents and energy costs in a world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global general equilibrium model with an intertemporal fossil...
Persistent link: https://www.econbiz.de/10009231826
This paper examines the effect of taxes on the individuals' choices of educational direction, and thus on the economy.s skill composition. A proportional labour tax induces too many workers with high innate ability to choose an educational type associated with high consumption value and low...
Persistent link: https://www.econbiz.de/10012142317
In recent years, venture capital has become an important source for nancing young entrepreneurial rms. Given the apparently more innovative nature and extra value added of venture capital backed rms compared to other firms, policy makers have taken an increasing interest in an active venture...
Persistent link: https://www.econbiz.de/10012142333
The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside
Persistent link: https://www.econbiz.de/10011387732
-faire openness is suboptimal and can be growth-and even welfare-reducing. I examine the gains from openness under an optimal taxation … the equilibrium behavior of national and foreign firms. Under optimal taxation, openness is always welfare enhancing and … requires equal taxation of domestic and foreign firms can be welfare reducing for a country close to the knowledge frontier …
Persistent link: https://www.econbiz.de/10011585840
This paper revisits the relationship between labour taxation and international trade, focusing on the role of domestic …
Persistent link: https://www.econbiz.de/10012607909
taxation of capital gains gives the previous owner an incentive to delay the generational change longer than appropriate from …
Persistent link: https://www.econbiz.de/10012142217
Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
Persistent link: https://www.econbiz.de/10010508515
This paper investigates how corporate income taxes affect international trade, and identifies the underlying channel. Using data on 33 NACE sectors, for 34 EU and OECD economies, over the period 2005-2014, we find that corporate income taxes reduce exports and imports only when the stock of...
Persistent link: https://www.econbiz.de/10012792442