In this paper, we use an exogenous variation in tax regulations to analyze the impact of bonus depreciation programs on business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax incentives were granted for investments in...

We analyse how tax incentives in the form of accelerated depreciations ("bonus depreciation") affect business investment. By exploiting exogenous variation in tax regulation of a regional bonus depreciation program in the former East Germany, we identify and quantify the impact from bonus...

Over recent decades, the Economic Commission for Latin America and the Caribbean (ECLAC) and the Federal Ministry for Economic Cooperation and Development (BMZ) of Germany have forged a strategic alliance founded on shared values and a common interest: furthering the sustainable and inclusive...

The Covid-19 pandemic and Russia’s war of aggression against Ukraine have posed major challenges – in different ways – to Latin American and Caribbean (LAC) coun­tries as well as to the European Union (EU). At the same time, these international crises have revealed how little resilience...