94 records from EconBiz based on author Name

1. The interdependencies between the private and public sectors in open economies

2. Corporate taxation when firms are heterogeneous : ACE versus CBIT

3. Product Market Integration and Income Taxation : Distortions and Gains from Trade

It is widely perceived that globalization is a threat to tax financed public sector activities. The argument is that public activities (public consumption and transfers) financed by income taxes may distort labour markets and cause higher wages and thus a loss of competitiveness. If the importance of the latter effect is reinforced by globalization, it is inferred that the marginal costs of public funds increase and a retrenchment of the public sector follows. We consider this issue in a Ricardian trade model in which production and specialization structures are endogenous. Even though income taxation unambiguously worsens wage competitiveness, it does not follow that tax distortions or marginal costs of public funds increase with product market integration. The reason is that gains from trade tend to reduce both. Moreover, non-cooperative fiscal policies do not have a bias towards retrenchment due to a positive terms of trade effect from taxation

4. Product Market Integration and Labour Markets : Aggregate Gains at the Cost of More Inequality?

Important labour market consequences of globalization may arise via product market integration which affects the room for wage negotiations and generates job creation and destruction through structural changes. We find in a Ricardian trade model that aggregate increases in wages and employment may conceal important differences across sectors/groups driven by a different balance between "protection" and "specialization" rents. In particular, wage inequality tends to be U-shaped, at first decreasing and then increasing in the process of product market integration. Consequently, there are gains in both the efficiency and the equity dimension until the level of integration reaches a certain level at which a trade-off arises

5. Spillovers from foreign business conditions

6. One-off export events

7. The interdependencies between the private and public sectors in open economies

8. Exporter price premia?

9. One-off export events

An astonishing 33% of all firm-product-destination export spells in Danish data turn out to be isolated single-month one-off export events (observed once in a 49 month window). On average, for an export-active firm, such one-off exports account for 17% of total foreign sales. These patterns cannot be explained by the lumpiness of trade (e.g., seasonal shipments), nor do they sit well with available models of trade. To reconcile the data with theory, we propose a model that includes passive (i.e., buyer-side driven) one-off exporting in addition to the customary proactive export channel. This framework guides our empirical investigation. We find that one-off exports arise relatively more often to far-away, low-income or unstable destinations; moreover, one-off exporting is associated with lower productivity and smaller firm size.

10. One-Off Export Events

An astonishing 33% of all firm-product-destination export spells in Danish data turn out to be isolated single-month one-off export events (observed once in a 49 month window). On average, for an export-active firm, such one-off exports account for 17% of total foreign sales. These patterns cannot be explained by the lumpiness of trade (e.g., seasonal shipments), nor do they sit well with available models of trade. To reconcile the data with theory, we propose a model that includes passive (i.e., buyer-side driven) one-off exporting in addition to the customary proactive export channel. This framework guides our empirical investigation. We find that one-off exports arise relatively more often to far-away, low-income or unstable destinations; moreover, one-off exporting is associated with lower productivity and smaller firm size