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Persistent link: https://www.econbiz.de/10012001668
This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small open economy with endogenous labor-leisure choices. Differently from the previous literature, the consequences of land taxation critically depend on how the tax proceeds are used...
Persistent link: https://www.econbiz.de/10014075304
Persistent link: https://www.econbiz.de/10001800417
This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small open economy with endogenous labor-leisure choices. Differently from the previous literature, the consequences of land taxation critically depend on how the tax proceeds are used...
Persistent link: https://www.econbiz.de/10011591783
An integral part of global current account imbalances is the large and persistent current account surplus developing Asia has run since the 1997-1998 Asian crisis. A country's current account surplus is, by definition, equal to its net saving. The central objective of this paper is to...
Persistent link: https://www.econbiz.de/10003832264
Aggregate household wealth dynamics are closely associated with fluctuations of the economy. However, the linkages … between household wealth dynamics and cross-border financial holdings have remained unexamined. Thanks to the recent assembly … increases in net household wealth are associated with deteriorations of the Net International Investment Position (NIIP). This …
Persistent link: https://www.econbiz.de/10012921962
Persistent link: https://www.econbiz.de/10003549592
At one time, inward direct investment in China was only possible using foreign exchange. Since the ban on using the …
Persistent link: https://www.econbiz.de/10013105080
, namely the People's Republic of China (PRC) and India. The paper also discusses the reforms of institutional (domestic and …
Persistent link: https://www.econbiz.de/10013082540
follow such steps. First, Taiwan's economic ties with China are substantial both in trade and FDI and they are set to be …'s financial system, especially if we consider the enormous pool of savings in its investment and insurance companies, and its well …
Persistent link: https://www.econbiz.de/10013083189