D. Hájková, G. Nicoletti, Laura Vartia, Kwang-Yeol Yoo
{"title":"Taxation and business environment as drivers of foreign direct investment in OECD countries","authors":"D. Hájková, G. Nicoletti, Laura Vartia, Kwang-Yeol Yoo","doi":"10.1787/ECO_STUDIES-V2006-ART8-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART8-EN","url":null,"abstract":"How important are differences in corporate taxation for the investment decisions of multinational enterprises (MNEs)? Over the past decade, interest in this issue has been growing in parallel with the increasing mobility of capital and internationalisation of businesses. Standard models of the MNEs predict that corporate taxation can influence foreign direct investment (FDI) by creating a wedge between the pre- and post-tax returns on investment. The relevant tax wedge, however, depends on whether MNEs’ investment is incremental or involves the creation of entirely new plants.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124862149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Serres, Shuji Kobayakawa, Torsten Sløk, Laura Vartia
{"title":"Regulation of financial systems and economic growth in OECD countries: An empirical analysis","authors":"A. Serres, Shuji Kobayakawa, Torsten Sløk, Laura Vartia","doi":"10.1787/ECO_STUDIES-V2006-ART10-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART10-EN","url":null,"abstract":"The operation of the financial system can have a key impact on economic growth and the stability of the economy. It affects long-term economic growth through its effect on the efficiency of intermediation between the savers and final borrowers of funds; through the extent to which it allows for monitoring of the users of external funds, affecting thereby the productivity of capital employed; and through its implications for the volume of saving, which influences the future income-generating capacity of the economy. It affects the stability of the economy because of the high degree of leverage of its activities and its pivotal role in the settlement of all transactions in the economy, so that any failure in one segment risks undermining the stability of the whole system.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"142 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122568580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Less than you thought: The fiscal autonomy of sub-central governments","authors":"H. Blöchliger, D. King","doi":"10.1787/ECO_STUDIES-V2006-ART12-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART12-EN","url":null,"abstract":"State and local governments in OECD countries have access to various fiscal resources. Discretion over them varies considerably, and so does sub-central governments’ power to shape their budget and to determine outcomes like public sector efficiency, equity in access to public services or the long term fiscal stance. Data on the revenue structure of sub-central governments (SCG) would therefore be helpful. But indicators have long insufficiently reflected the way state and local budgets are funded. The most frequently used indicator is the ratio of SCG to total tax revenue, which is a poor measure for assessing the true autonomy SCGs enjoy. Since the power over fiscal revenue is a critical determinant for government finance, a set of more refined indicators for assessing fiscal autonomy should be established.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134379165","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Product market regulation and productivity convergence","authors":"P. Conway, D. Rosa, G. Nicoletti, Faye Steiner","doi":"10.1787/ECO_STUDIES-V2006-ART9-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART9-EN","url":null,"abstract":"Product market regulation in the OECD area has generally become less restrictive of competition over recent years. This has lead to a degree of convergence in regulatory policies, but nonetheless, the productivity performance of OECD countries has become increasingly disparate. Indeed, according to some measures, the growth rates and levels of labour productivity have recently begun to diverge. Recent developments in the theory and empirics of growth suggest that cross-country productivity patterns may partly reflect differences in the policy and institutional environment (Acemoglu et al., 2004; Aghion and Griffith, 2005; Nicoletti and Scarpetta, 2003).","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116629850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An empirical investigaton of political economy factors behind structural reforms in OECD countries","authors":"J. Hoj, V. Galasso, G. Nicoletti, Thai-Thanh Dang","doi":"10.1787/ECO_STUDIES-V2006-ART3-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART3-EN","url":null,"abstract":"This paper was originally prepared for the OECD Working Party No. 1 under the authority of the OECD’s Economic Policy Committee. Jens Hoj and Giuseppe Nicoletti work for the OECD Economics Department as a senior economist in the Country Studies Branch and as Head of the Structural Policy Analysis Division 1, respectively. Vincenzo Galasso is an Associate Professor of Economics at Universita Bocconi in Italy and Thai-Thang Dang is a private sector consultant. The authors wish to thank Jean Philippe Cotis, Jorgen Elmeskov, Michael P. Feiner, Christopher Heady, Nick Johnstone and many other colleagues in the OECD Economics Department as well as representatives from OECD member countries for useful comments on a previous version of the paper.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121372478","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does distance matter?: The effect of geographic isolation on productivity levels","authors":"B. Battersby","doi":"10.1787/ECO_STUDIES-V2006-ART6-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART6-EN","url":null,"abstract":"The author is grateful to Jyoti Rahman, David Gruen, Lewis Evans, Ben Dolman, Robert Ewing, Graeme Davis, Janine Murphy, Gene Tunny, Dave Turner and Sveinbjorn Blondal for helpful comments in preparing this paper. The views expressed are those of the author and not necessarily those of the Treasury or the Australian Government.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122791805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Determinants of Unemployment across OECD Countries","authors":"Andrea Bassanini, R. Duval","doi":"10.1787/ECO_STUDIES-V2006-ART2-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART2-EN","url":null,"abstract":"Andrea Bassanini and Romain Duval are economists at the Directorate for Employment, Labour and Social Affairs and the OECD Economics Department, respectively. Catherine Chapuis-Grabiner, Sebastien Martin and Rebecca Oyomopito provided excellent research assistance. Comments from Sveinbjorn Blondal, Wendy Carlin, Jean-Philippe Cotis, Martine Durand, Jorgen Elmeskov, Michael P. Feiner, David Howell, Etienne Lehmann, Edmond Malinvaud, John P. Martin, Giuseppe Nicoletti, Stefano Scarpetta, Paul Swaim, Raymond Torres and participants to the joint WP1/WP5 EPC-ELSAC meeting in Paris, January 2006, and the Seminaire Fourgeaud, Paris, May 2006, are also gratefully acknowledged. Any errors are the responsibilities of the authors alone. The views expressed in this paper are those of the authors, and do not necessarily reflect those of the OECD or of its member countries.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126841776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Time as a trade barrier: Implications for low-income countries","authors":"H. Nordås","doi":"10.1787/ECO_STUDIES-V2006-ART4-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART4-EN","url":null,"abstract":"This article builds on and extends the quantitative part of OECD Trade Policy Working Paper No 35 co-authored by Enrico Pinali and Massimo Geloso-Grosso. The Working Paper includes detailed case studies as well as a discussion of specific GATS issues related to the logistics services sector. The author would like to thank Dale Andrew, Henk Kox and Delegates to the Working Party of the Trade Committee for useful comments on the Working Paper and Paul Swaim and Mark Pearson for useful comments and suggestions on this version. The usual disclaimer applies.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125028404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Environmental policy, management and R&D","authors":"N. Johnstone, Julien Labonne","doi":"10.1787/ECO_STUDIES-V2006-ART5-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART5-EN","url":null,"abstract":"The authors would like to thank Chris Heady (OECD Directorate for Financial and Enterprise Affairs) and Dirk Pilat (OECD Directorate for Science, Technology and Industry) for valuable comments on an earlier draft of the paper. In addition, the contributions from all of our colleagues on the OECD Project on “Environmental Policy and Firm-Level Management” are gratefully acknowledged. (See Johnstone 2006 for a full list of contributors and other outputs from the project.) In particular the insights of Toshi Arimura (Department of Economics, Sophia University, Japan) in the area of research and development have been extremely valuable.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"234 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133172374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The drivers of public expenditure on health and long-term care","authors":"J. O. Martins, Christine de la Maisonneuve","doi":"10.1787/ECO_STUDIES-V2006-ART11-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2006-ART11-EN","url":null,"abstract":"Public expenditures on health and long-term care (hereafter, LTC) are a matter of concern for governments in most OECD countries. These expenditures have recently accelerated and are putting pressure on public budgets, adding to that arising from insufficiently reformed retirement schemes and other forms of social spending. The growth of public spending on health and long-term care in OECD countries has been limited for some time via the implementation of cost-containment policies. These policies acted essentially through wage moderation, price controls and postponement of investment in the case of health care. A large share of long-term care has been informally provided by families. However, the scope for containing health and LTC expenditures along these lines is narrowing.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134237228","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}