Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on firms’ beliefs about future emissions policies. We compare emissions taxes and quotas when the (strategic) regulator and (nonstrategic) firms have asymmetric information about abatement costs, and all agents use Markov Perfect decision rules. Emissions taxes create a secondary ...

in the second half of the last century, tremendous efforts were devoted to identifying sources of economic success by a few countries and causes of failure by most. in this process a voluminous literature ranging from the neo-classical to marxist, neo-marxist, and dependency theories has been developed to answer the question of disparity among different countries of the north vis-à-vis those of...

Chemoprevention agents are an emerging new scientific area that holds out the promise of delaying or avoiding a number of common cancers. These new agents face significant scientific, regulatory, and economic barriers, however, which have limited investment in their research and development (R&D). These barriers include above-average clinical trial scales, lengthy time frames between discovery ...

This text surveys the literature on the implications of international capital mobility for national tax policies. Our main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic investment and whether welfare gains can be achieved through international tax coordination. Our anal...

THE RESPONSE of investment expenditure to changes in interest rates is at the heart of any analysis of stabilization policy. The more sensitive the response, the more potent is monetary policy and the weaker is fiscal expenditure policy. The stimulus of lower interest rates on investment is one of the principal channels of monetary influence in virtually all macroeconomic theories. On the other...

Investment in children is compelling for several reasons. First, children lie at the heart of international commitments to social justice. International forums, such as the International Conference on Population and Development, World Summit for Children, International Conference on Nutrition, Education for All Initiative, and Beijing Conference on Women, have a common theme: support for the ec...

N ATIONAL policies towards FDI typically feature measures aimed at both attracting and discouraging inflows. Policies to attract FDI such as tax breaks, favourable regulatory treatment and subsidies of various sorts are usually focused on manufacturing. 1 Policies towards services are far more ambivalent. Laws and regulatory practices frequently discriminate against foreign investors in service...

Toder for helpful comments. The findings and conclusions contained within are solely the responsibility of the authors and do not necessarily reflect positions or policies of the Tax Policy Center or its funders. ii ABSTRACT We examine how tax policies alter investment incentives, with a particular focus on startup and innovative businesses. Consistent with prior work, we find that existing pol...

Africa has not been very successful in attracting foreign direct investment (FDI) over the past few decades. When these countries were able to attract multinational companies, it was principally the result of their (abundant) natural resources and the size of their domestic market. Still, this paper demonstrates that a few SubSaharan African countries have generated the interest of internationa...

— This paper uses multiple regression analysis to determine the extent to which the regional distribution of public investment policies before and after the Mexican debt crisis and the opening of the country to trade have responded primarily to efficiency or redistribution criteria. The results highlight that the regional allocation of public investment funds in Mexico since 1970 seems to follo...