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Indonesia has come a long way in improving its tax system over the last decade, both in terms of revenues raised and administrative efficiency. Nonetheless, the tax take is still low, given the need for more spending on infrastructure and social protection. With the exception of the natural...
Persistent link: https://www.econbiz.de/10009696506
The manufacturing sectors in Latin America have been more affected by the currency over/undervaluation than their counterpart in industrialized economies. From a panel data set covering 39 countries and 22 manufacturing sectors (2-digit) within 1995-2008, we formally test the hypothesis that...
Persistent link: https://www.econbiz.de/10010254539
results confirm the importance of institutions for growth but also show that macro-policies; inflation, trade openness, size …
Persistent link: https://www.econbiz.de/10013128301
Coordination of macro-economic development and employment is an essential issue for China's social development, which largely depends on economic expansion, as well as integration into the global market to create jobs. Through the literature review and empirical test, this paper analyses the...
Persistent link: https://www.econbiz.de/10013120837
-oil commodity export prices - displayed somewhat lower growth. For most WCA economies, inflation rates appear less affected by …
Persistent link: https://www.econbiz.de/10012777547
This article aims to contribute to the ongoing debate on post-capitalist economy by exploring the contours of a sustainability-oriented model of economic governance. To this end, the article analyzes the issues of sustainable development in the three main strands of international economic law...
Persistent link: https://www.econbiz.de/10012908461
While discussing the enhancement of the connectivity between Europe and Asia, we explore a new area of cooperation, which is the use of European long-term investment funds in Asia's infrastructure. We argue that, if Asian countries agree to offer 50% of their spillover revenue to infrastructure...
Persistent link: https://www.econbiz.de/10012822930
This article examines the compatibility of the OECD's proposed rules on GloBE (pillar II) with EU law, covering both primary law and secondary law. In addition, it discusses the amendments required by the implementation of this initiative within the internal market. In what concerns...
Persistent link: https://www.econbiz.de/10012826846
achieve the price stability target of 2 percent inflation. In this paper, a forward-looking open-economy general equilibrium … inflation target over the medium term is below 40 percent, assuming the absence of other policy reactions aside from monetary … policy. The likelihood of achieving the inflation target is even lower under alternative risk scenarios. A positive shock to …
Persistent link: https://www.econbiz.de/10012858390
Widespread economic recessions and protracted financial crises have been documented as setting back gender equality and other development goals in the past. In the midst of the current global crisis - often referred to as “the Great Recession” - there is grave concern that progress made in...
Persistent link: https://www.econbiz.de/10013039525