G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1396
DP1396 Intergenerational Redistribution with Short-lived Governments
Elhanan Helpman; Gene Grossman
发表日期1996-05-31
出版年1996
语种英语
摘要Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The failure to have a tax scheme in which the rate of returns across countries are equated can result in inefficient capital flows across countries. This comes from the interactions of market failure and the tax system. The purpose of this paper is to highlight some key sources of market failure in the context of international capital flows and to provide guidelines for efficient tax structure in the presence of capital market imperfections. We distinguish among three main types of international capital flows: foreign portfolio debt investment (FPDI), foreign portfolio equity investment (FPEI), and foreign direct investment (FDI). The paper emphasizes the efficiency of non-uniform tax treatment of the various vehicles of international capital flows.
主题International Macroeconomics
关键词Capital inflows Foreign direct investment Foreign portfolio debt investment Foreign portfolio equity investment International tax principles
URLhttps://cepr.org/publications/dp1396
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530539
推荐引用方式
GB/T 7714
Elhanan Helpman,Gene Grossman. DP1396 Intergenerational Redistribution with Short-lived Governments. 1996.
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