| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7180 |
| DP7180 Testing Asymmetric-Information Asset Pricing Models | |
| Alexander Ljungqvist; Bryan Kelly | |
| 发表日期 | 2009-02-23 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Tax competition within the EU is fiercer than in the rest of the OECD with tax rates falling rapidly. This paper analyzes tax responses of EU-15 countries to corporate tax changes in the EU-10 new member states as a function of their proximity to these new member states. The average corporate tax rate in the new member states has always been considerably lower than the average in the EU-15 countries. Their entry into the EU eliminated capital barriers, allowing firms to locate in one of the new EU-10 with full access to the European Market. Our results indicate that EU-15 countries geographically closer to the new member states respond stronger to corporate tax changes in these new member states. We use a theoretical and a spatial regression framework to test the hypothesis that distance to a low tax region intensifies countries' tax reaction functions. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Corporate taxes Fiscal reaction function Spatial tax competition |
| URL | https://cepr.org/publications/dp7180 |
| 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/536017 |
| 推荐引用方式 GB/T 7714 | Alexander Ljungqvist,Bryan Kelly. DP7180 Testing Asymmetric-Information Asset Pricing Models. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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