We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...

This note reviews May 2019 OECD framework agreement report, “OECD/G20 Inclusive Framework on BEPS: Progress Report July 2018-May 2019” on international taxation of the ‘digital economy'. The core conclusions of the review are:1. The framework agreement proposals to-date represent complex,...

We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...

In seinem Vortrag beim Munich Economic Summit am 21. und 22. Mai 2015 äußert sich der französische Premierminister Manuel Valls zur Wettbewerbsfähigkeit und zu Innovationen der französischen Wirtschaft und befasst sich mit der besonderen Stellung Frankreichs und Deutschlands in Europa.

Regulatory reforms across European countries have attempted to increase consumer welfare by introducing competition and choice into public service markets. But it has been questioned whether reforms have benefited all people equally, suggesting that vulnerable groups of service users are...

The GDP tournament among local governments plays a crucial role in supporting China's growth miracle. Investment-driven economic growth has led to a surge in local government debt in the past decade. To understand the relationship between local government debt and regional competition in GDP...

The Gaidar Institute for Economic Policy has analyzed the state of Russia's light industry and made a comparative analysis of the competitive power of production chains of Russian manufacturers and their principal foreign competitors. The analysis shows low degree of integration of Russia's...