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This paper studies fiscal foresight -- alterations of current behavior by forward-looking agents in anticipation of future policy changes – using variation in state job creation tax credits (JCTCs). Nearly half of the U.S. states enacted JCTCs between 1990 and 2007, and their unique...
Persistent link: https://www.econbiz.de/10012996337
This paper studies fiscal foresight – alterations of current behavior by forwardlooking agents in anticipation of future policy changes – using variation in state job creation tax credits (JCTCs).Nearly half of the U.S. states enacted JCTCs between 1990 and 2007, and their unique experiences...
Persistent link: https://www.econbiz.de/10012965391
Persistent link: https://www.econbiz.de/10008668869
Persistent link: https://www.econbiz.de/10012243465
Persistent link: https://www.econbiz.de/10011786517
To examine the effect of offshoring through vertical FDI on the international transmission of business cycles, I … offshoring decision depends on the firm-specific productivity and on fluctuations in the relative cost of effective labor. The … model generates a procyclical pattern of offshoring and dynamics along its extensive margin that are consistent with data …
Persistent link: https://www.econbiz.de/10012948277
Persistent link: https://www.econbiz.de/10003380247
Persistent link: https://www.econbiz.de/10001746996
This article investigates the employment development of Czech-based firms in German ownership in the years around the Great Recession of 2008/2009. The intense involvement of German firms in the economy of the neighboring country via foreign direct investment (FDI) raises the question whether...
Persistent link: https://www.econbiz.de/10010488273
The global economic recession can be successfully checked and reversed if this new and common economic system, solely operated by banks, is adopted and implemented by all nations. The availability of resources and capital flows, needed for economic recovery, is the self-priming character of this...
Persistent link: https://www.econbiz.de/10013113929