| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4721 |
| DP4721 Is There Regional Tax Competition? Firm Level Evidence for Belgium | |
| Hylke Vandenbussche; Boudewijn Janssen; Karen Crabbé | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This paper shows that politics matter in explaining defaults on external and domestic debt obligations. We explore a large number of political and macroeconomic variables using a nonparametric technique to predict safety from default. The advantage of this technique is that it is able to identify complementarities that are not captured in standard probit analysis. We find that political factors matter, and do so in different ways for democratic and non-democratic regimes, and for domestic and external debt. Moreover we find that there is an important complementarity between political and economic conditions, which is essential in explaining the incidence of default. |
| 主题 | International Macroeconomics |
| 关键词 | Sovereign debt crises Political institutions Early warning systems |
| URL | https://cepr.org/publications/dp4721 |
| 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/533638 |
| 推荐引用方式 GB/T 7714 | Hylke Vandenbussche,Boudewijn Janssen,Karen Crabbé. DP4721 Is There Regional Tax Competition? Firm Level Evidence for Belgium. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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