haku: @freeterm Ireland / yhteensä: 4
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| Tekijä: | Romalis, J. |
| Otsikko: | Capital taxes, trade costs, and the Irish miracle |
| Lehti: | Journal of the European Economic Association
2007 : APR/MAY, VOL. 5:2-3, p. 459-469 |
| Asiasana: | capital taxation international trade costs models |
| Vapaa asiasana: | Ireland |
| Kieli: | eng |
| Tiivistelmä: | Based on detailed international trade data this paper explores whether the rapid growth of Ireland in the 1990s and its accompanying substantial increase in trade in goods and services might have been speeded up by an interaction of low taxation of capital and declining international trade costs. Both tariffs and other trade costs for a set of goods and services have declined, while the expansion of foreign direct investment (FDI) worldwide suggests a great drop in technological and policy barriers to managing international production. The decline in trade costs has profound effects on small economies, also levying low levels of capital taxation. Such economies exhibit a great increase in the production and export of products with high capital intensity. This implication is strongly supported by detailed trade data. |
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