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Tax policy, investments in human and physical capital, and productivity
Nerlove, Marc L. (contributor); Razin, Assaf (contributor);  … - 1990
Persistent link: https://www.econbiz.de/10000802018
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Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?
Razin, Assaf - 2000
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …
Persistent link: https://www.econbiz.de/10012471014
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Optimal Incentives to Domestic Investment in the Presence of Capital Flight
Razin, Assaf - 2008
This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made...
Persistent link: https://www.econbiz.de/10012774814
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Trade Openness and Investment Instability
Razin, Assaf; Sadka, Efraim; Coury, Tarek - 2021
In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of … investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger … a discrete change in the terms of trade. Such a shift creates a sizeable boost in aggregate investment. But trade …
Persistent link: https://www.econbiz.de/10013247188
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Trade Openness, Investment Instability and Terms-of-Trade Volatility
Razin, Assaf; Sadka, Efraim; Coury, Tarek - 2022
In the presence of economies of scale in the investment technology, trade openness may have non-conventional effects on … the level of investment, its cyclical behavior, and the volatility of the terms of trade. Trade openness may lead to boom …-bust cycles of investment supported by self-fulfilling expectations. The economy may oscillate between 'optimistic' expectations …
Persistent link: https://www.econbiz.de/10013292454
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Tax Policy, Investments in Human and Physical Capital, and Productivity
Nerlove, Marc; Razin, Assaf; Sadka, Efraim; von … - 2021
This paper analyzes the implications of tax policy for the accumulation of human and physical capital and for the overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income. discriminates against investments in human capital relative...
Persistent link: https://www.econbiz.de/10013245525
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Do Debt Flows Crowd Out Equity Flows or the Other Way Round?
Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - 2021
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …
Persistent link: https://www.econbiz.de/10013246263
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Channeling Domestic Savings into Productive Investment Under Asymmetric Information : The Essential Role of Foreign Direct Investment
Razin, Assaf - 2014
productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio …Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by …
Persistent link: https://www.econbiz.de/10012752887
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Trade Openness, Investment Instability and Terms-of-Trade Volatility
Razin, Assaf - 2002
In the presence of economies of scale in the investment technology, trade openness may have non-conventional effects on … the level of investment, its cyclical behavior, and the volatility of the terms of trade. Trade openness may lead to boom …-bust cycles of investment supported by self-fulfilling expectations. The economy may oscillate between 'optimistic' expectations …
Persistent link: https://www.econbiz.de/10012469374
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Trade Openness and Investment Instability
Razin, Assaf - 2002
In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of … investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger … a discrete change in the terms of trade. Such a shift creates a sizeable boost in aggregate investment. But trade …
Persistent link: https://www.econbiz.de/10012469888