We use a 1985-2005 panel of state data to investigate the relative tax base elasticities of two major US state taxes—corporate income taxes and sales taxes—with respect to changes in their tax rates. We focus on these two taxes because they are essentially flat-rate taxes at the state level, making it relatively straightforward to construct estimates of their bases using aggregate collections a...

In many federations, fiscal equalization schemes soften fiscal imbalances across the member states. Such schemes usually imply that the member states internalize only a small fraction of the additional tax revenue from an expansion of the state-specific tax bases, while the remainder of the additional tax revenue is redistributed horizontally or vertically. We address the question as to which e...

Guerriero, Carmine—The political economy of incentive regulation: Theory and evidence from US states The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative distortions at the cost of lower rent extraction. Hence, they should be found where the reformer is more concerned with stimulating investments by granting higher expected profits, ...

In modern conditions, one of the urgent tasks Republic Kazakhstan is to maximise development small and medium-sized businesses. Small medium business has a direct impact on economic well-being state. And it largely depends solving problems employment, filling domestic market with goods, replenishing state budget creating competitive environment. The businesses key tool for growth socio-politica...

This article suggests that the context and process of resource selection have an important influence on firm heterogeneity and sustainable competitive advantage. It is argued that a firm’s sustainable advantage depends on its ability to manage the institutional context of its resource decisions. A firm’s institutional context includes its internal culture as well as broader influences from the ...

Abstract COVID-19 unemployed millions of Americans, many whom already lacked the financial ability to withstand an economic crisis. Mid-quarantine, politicians began grapple on what protections for renters would stay in place as assistance bills came end. The rent crisis raised significant moral questions American populace – namely, that State’s responsibility care its citizens. This article ex...

This study demarcates costinefficiency in Chinese banks into X-inefficiency and rent-seekinginefficiency. A protected banking market not only encourages weak management and X-inefficiency but also public ownership and state directed lending encourages moral hazard and bureaucratic rent seeking. This paper uses bootstrap non-parametric techniques to estimate measures of X-inefficiency and rent-s...