After nearly a decade of profound economic changes and a market transformation the countries in Central and Eastern Europe now face the challenge of development and sustainable growth. The development priorities include achieving a high income growth for their economies by raising investment...

This paper analyses the characteristics of transfer pricing systems across countries, in order to identify the grouping structures intrinsically related with rules' similarities, and to explore the key characteristics revealed by each group. Applying hierarchical agglomerative technique for...

The wealth management industry has expanded greatly in the Middle East -- following the fortunes of wealth itself. How can wealth managers identify and grow their portfolios in this region? What policies can they push for in order to build wealth management and private banking services? What...

Internal debt financing can be used by multinational firms to shift profits from high-tax to low-tax countries. Governments apply thin capitalization rules (TCRs), which limit the deductibility of interest expenses, to restrict this behavior. TCRs fall in two main categories: safe haven rules...

In this paper we take stock of the evidence concerning the effect of foreign direct investment (FDI) on the productivity of locally owned firms in the Czech Republic. To this end, we collect 332 estimates previously reported in journal articles, working papers, and PhD theses. We find that the...

This work aims to compare the Keynesian theory, namely by the Verdoorn Law, the neoclassical theory, by the absolute convergence, and the geographic concentration, by the Rybczynski equation, explanations about the different manufactured industry of the Portuguese regions (NUTs II), for the...

In this paper, we assess the value of Russia’s preferential imports from all trade partners and CIS countries in particular. Total value of preferential imports in Russia (both duty free imports as well as imports subject to the discounted MFN duty under GSP) is equal to ca 12% (37.8 USD bln.)...

This paper has investigated the effect of countries' structural economic vulnerability (EVI) on their participation in international trade, using an unbalanced panel dataset of 118 countries over the period from 1996 to 2018, and the two-step system generalized method of moments estimator. It...

The present article has investigated the effect of developing countries' duration of membership in the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) on their commercial services exports. It has relied on a set of 128 countries over the period from 2008 to...

The present analysis has investigated, at the country-level, the effect of Aid for Trade (AfT) flows on recipient countries' participation in Global Value Chains (GVCs), measured through countries' participation in forward and backward GVCs as well as their position in GVCs. The analysis has...