In this article, the authors present updated trade elasticities - measures of how much imports and exports change in response to income and price changes - for the U.S. and six other industrialized countries, collectively known as the Group of Seven. They find that the imports and exports of...

This report looks at how corporate income taxes have changed over the past two decades, what incentives they provide for domestic and international investment, and whether changes in the international economy have helped shape these reforms.