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This study simulates with two dynamic models the macroeconomic and public finance outcomes of a reduction in the corporate income tax rate in Finland. FOG-model is a dynamic CGE model, which is calibrated to the Finnish economy. NiGEM is a multi-country macroeconometric model. The results show...
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China is still a poor developing country. Since 1978, when the economy started to move in a more market …-oriented direction, China has grown to become an influential player in the global economy. China has actively aimed to take part in the … international division of labour. For example, in 2002 it became a member of the World Trade Organization (WTO). China's foreign …
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