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Targeted economic development subsidies do not work as advertised. In fact, the balance of economic theory and empirical evidence suggests that they are more likely to undermine development than to enhance it. Yet policymakers face strong incentives to continue to offer subsidies. Because...
Persistent link: https://www.econbiz.de/10012826962
Recent projections estimate that the state and local budget shortfall caused by COVID-19 will exceed $950 billion. Congressional Democrats have championed a bill containing almost $1 trillion in aid, but Republicans have resisted what they say is a bailout for some states' longrunning fiscal...
Persistent link: https://www.econbiz.de/10012830009
The use of incentive packages has intensified as local governments compete for new plants and corporate relocations, and as private firms increasingly demand a deal. While incentives promise jobs and tax revenue, scholars and practitioners criticize their high cost and limited accountability....
Persistent link: https://www.econbiz.de/10011890120
The use of incentive packages has intensified as local governments compete for new plants and corporate relocations, and as private firms increasingly demand a deal. While incentives promise jobs and tax revenue, scholars and practitioners criticize their high cost and limited accountability....
Persistent link: https://www.econbiz.de/10012912888
Persistent link: https://www.econbiz.de/10010394724
Taxes have extraordinary roles in any country's economic development and policymaking. This study extends prior studies by investigating the impact of direct and indirect taxes on the economic development of 47 developed and 90 developing countries. All data about the variables involved in the...
Persistent link: https://www.econbiz.de/10014500386
We employ the “social conditions of innovative enterprise” framework to analyze the key determinants of China … industrial development in China. Third, we provide evidence on achievements in indigenous innovation—by which we mean …, we sketch out the implications of our approach for current debates on the role of innovation in China’s development path …
Persistent link: https://www.econbiz.de/10014077435
Persistent link: https://www.econbiz.de/10003768999
Persistent link: https://www.econbiz.de/10010256333
potential and challenges -- Ambiguity or strategic play? distilling india’s BRICS relations -- China, economic partnership …, common development and Brics -- Manna from heaven-South Africa’s search for relevance in the BRICS constellation -- China-India …
Persistent link: https://www.econbiz.de/10012388998