G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4721
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
URLhttps://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.
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