Tax Competition and Tax Revenues

It is often feared that tax competition might lead to a “race to the bottom” and that the consequence of a reduction in tax rates on capital income would be shrinking capital income tax revenues and difficulties for national governments to perform their usual tasks. The following paper analyses what happened to tax revenues in a number of OECD countries. It turns out that taxes on capital income contribute to the financing of public expenditure to a more or less unchanged extent; nor are there significant changes in the level and structure of total tax revenues.      

副面修正卡塞格伦天线设计中的几个问题

本文根据几何光学理论,介绍了副面修正双反射面天线组合馈源相位中心的计算方法.并利用并矢反射系数,导出了包括差波束在内的副面散射场及天线口径分布,因而解决了副面修正天线性能参数的计算问题.     

阿里敲响亚洲证交所的警钟

<正>阿里巴巴做出在美国上市的决定也向亚洲的证交所敲响了警钟。有些公司希望采用的治理结构不再是标准的一股一票模式的单层股权结构。除非他们表明能够满足这些公司的要求,否则这些证交所会错失高价值公司上市带来的良机。     

Making Banks in Europe More Responsible

The financial crisis is still hitting families and businesses across Europe hard.We can't let such a crisis happen again and we can't allow the actions of a few in the financial world to jeopardise the rest of society. The IMF estimates European banks made losses close     

Different Roles of Land in Rural-Urban Migration： Evidence from China＇s Household Survey

This paper explores the influence of land holding on rural–urban migration using China's 2008 household survey data. It shows that the contradictory findings of existing published literature can be explained by introducing a migration distance variable. The empirical studies show that land holding plays a different role in short‐distance and long‐distance migration. Land holding has a U‐shaped curve association with the probability of short‐distance migration and has an inverted‐U‐shaped association with the probability of long‐distance migration. Therefore, the government needs to provide more job information and migration subsidies to farmers who have little land to overcome difficulties in the process of migration so as to reduce rural–urban inequality.     

China＇s ApprOach to Rebalancing： A Conceptual and Policy Framework

This article seeks to develop a conceptual and policy framework for understanding China’s role in the global economic imbalances.China’s contribution to these imbalances via recurrent trade and financial surpluses corresponds with a phase of deepening structural risks to China s economic growth and development.These structural challenges include:the composition of growth resulting from China’s dynamic internal transformation,China’s trade orientation,the trajectory of resource use and Commissions,welfare problems relating to distribution and international constraints.This article develops a conceptual framework for examining the relationship between the processes of long-run structural transformation in China,its economic imbalances,and the role of institutional reform in dealing with these structural challenges.As such,economic policy should extend beyond short-term macro management to pursue an institutional reform agenda to facilitate broader structural change to mitigate constraints to future growth and to improve economic welfare.     

China＇s Economic Growth： International Spillovers

China's economic development since 1978 is one of the most significant events in recent history. Many aspects of this development have been extensively analyzed in the published literature. However, the implications of China's growth for other countries have been relatively neglected. The present paper attempts to fill this gap in the literature. The paper first presents some facts on China's role in the world economy, and then measures the impact of China's growth on growth in the rest of the world in both the short term and the long term. Short‐run estimates based on vector autoregression and error correction models suggest that spillover effects of China's growth have increased in recent decades. Long‐term spillover effects, estimated through growth regressions based on panel data, are also significant and have extended in recent decades beyond Asia. The estimates are robust to the effects of global and regional shocks, changes in model specification, and sample period.     

对制定外贸出口产业政策的方针、原则和重点的探讨

<正> 所谓产业政策,是指政府对产业的均衡及其发展所采取的政策。产业政策是以产业结构的高层次化和合理化为基本目标,这说明产业结构政策在产业政策体系中处于核心地位。出口产业政策涉及生产出口商品的这部分产业。一国的外贸政策取决于该国的出口产业政策,也就是说,外贸政策的制定,必须与出口产业政策互相保持协调和一致;而出口产业结构和贸易结构的确定又必须首先考虑国际市场需求结构的变化。从二次大战后日本、南朝鲜等国家和地区对出口商品结构及其     

试析美国综合贸易法案的授权条款和保障条款

<正> 美国参众两院分别于1988年7月13日和8月3日以压倒多数通过了修改后的“1988年贸易和竞争综合法案”,并经里根总统于8月23日正式签署生效。这项经过国会三年多的反复醖酿,长达1100多页,内容庞杂、涉及面广,带有浓厚保护主义色彩的提案终成立法。它标志着美国自第二次世界大战以来在外贸政策方面最广泛的变化,是美国战后首次抛弃“自由贸易”原则,而以所谓“公平贸易”取而代之