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Regulatory Heterogeneity and Global Value Chain-Related Trade
Lombini, Alessio - 2022
In this paper, I estimate the impact of heterogeneity in non-tariff measures policies on countries’ global value chain-related trade and its backward and forward components. I first build a regulatory distance index, which measures the degree of dissimilarity in non-tariff measure structures...
Persistent link: https://www.econbiz.de/10014080397
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Spillovers and Tax Sovereignty
Christians, Allison - 2017
Some countries are undertaking, and others considering, self-examination rules to detect whether proposed tax reforms might have a negative impact on tax policy or economic outcomes in less affluent countries. The impetus for this kind of analysis is a loosely articulated idea that states may...
Persistent link: https://www.econbiz.de/10012947702
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Historic, Comparative and Evolutionary Analysis of Tax Systems
Christians, Allison - 2010
Tax reform is a constant process in most nations as governments continuously revisit their tax regimes in response to economic, social, and political forces. Domestic legislative processes are the most obvious source of change in the tax system in any independent nation, but international...
Persistent link: https://www.econbiz.de/10014191360
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Avoidance, Evasion, and Taxpayer Morality
Christians, Allison - 2018
In popular discourse, tax evasion by wealthy individuals is conflated with tax avoidance by multinational corporations to tell a single story about tax dodging and its negative impact on society. But conflating avoidance and evasion muddies the tax policy waters in important ways by turning...
Persistent link: https://www.econbiz.de/10014147082
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Global and Domestic Financial Cycles : Variations on a Theme
Aldasoro, Iñaki - 2020
We compare and contrast two prominent notions of financial cycles: a domestic variant, which focuses on how financial conditions within individual economies lead to boom-bust cycles there; and a global variant, which highlights how global financial conditions affect individual economies. The two...
Persistent link: https://www.econbiz.de/10012834310
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Barriers to global capital allocation
Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021
benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …
Persistent link: https://www.econbiz.de/10012514947
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The Theory of Regulatory Competition and Competition Law
Kerber, Wolfgang - 2009
The governance of competition on global markets is an open policy question (lack of international competition policy). In this paper, it is analyzed to what extent different types of regulatory competition, which in other regulatory contexts (as, e.g., corporate law) can be beneficial, might...
Persistent link: https://www.econbiz.de/10013160523
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Global Safe Assets
Gourinchas, Pierre-Olivier - 2014
Will the world run out of 'safe assets' and what would be the consequences on global financial stability? We argue that … in a world with competing private stores of value, the global economic system tends to favor the riskiest ones. Privately …
Persistent link: https://www.econbiz.de/10013064183
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On the Normative Foundations of the Global Competition Governance
Do, Kim Them - 2015
This paper discusses the normative foundation of a global competition regime. It asks: What kind of normative values do we need? What objectives ought we to pursue? Why value economic competition at such a tough time as this? Are the disputes on these issues in the US and EU jurisdictions likely...
Persistent link: https://www.econbiz.de/10014138137
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The welfare effects of globalization with labor market regulation
Palokangas, Tapio K. - 2015
I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national … contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …
Persistent link: https://www.econbiz.de/10011347148