We analyse a puzzle in the UK corporation tax: by both historic and international standards corporation tax revenues have been high while the statutory rate has been low. Possible explanations include the following: changes in tax law that may have increased effective tax rates; other factors...

Vorliegendes Paper analysiert den Innovationserfolg von schwerpunktmäßig kleinen und mittelständischen Unternehmen (KMU) in der Region Jena auf Basis der Datensätze des Projektes KompNet2011 - Erfolgsfaktoren regionaler Innovationsnetze. Hierbei wird der Innovationserfolg sowohl mit Hilfe...

We consider an auction setting in which potential buyers, even if they fail to obtain the good, care about the price paid by the winner. We study the impact of these price-externalities on the first-price auction and the second-price auction in a symmetric information framework. First, we...

This paper explores the fiscal effects of aid in Ethiopia, using national data from 1960 to 2009, which is a longer series than most studies in this literature. This data includes the measure of aid that is flowing through the budget as measured by the recipient. We use the Cointegrated VAR...

There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient allocation of the objects for sale, especially when the bidders impose strong negative externalities upon each other. This paper argues that these inefficiencies can be...

This paper reviews the published literature on the definition and measurement of the administrative and compliance costs of taxation, with special reference to VAT (including evasion and fraud) in the European Union.

Some of the ways that have recently been discussed for increasing significantly the own resources of developing countries, or the amount or usefulness of the overseas aid that they receive, are potentially promising politically. This is because the obstacles that they face are those of inertia...

Entrepreneurship in Japanese universities has changed radically over the last 15 years, following the introduction of an equivalent to the Bayh-Dole Act in 1999. However, it is still unclear whether Japanese entrepreneurship is working. There are some publications that focus on the...

This study focused on the impact of crude oil, crude palm oil spot and futures of prices on African equity markets. It draws on daily data from January 2000 till July 2013, obtained from Bloomberg. The study employed Vector Error Correction (VEC). Findings from the econometric analysis show that...

In this paper, we present the first dynamic scoring exercise linking a multi-country microsimulation and DSGE models for all countries of the European Union. We illustrate our novel methodology analysing a hypothetical tax reform for Belgium. We then evaluate real tax reforms in Italy and...