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Abstract In this article, we study the effects of corporate taxation on credit market equilibria in presence of asymmetric information. We develop a screening model that accounts for the following five facts: the existence of a tax incentive to borrow, the presence of asymmetric information in...
Abstract How does the rate at which firms adopt new technologies affect the level of education and training of a country’s workforce? What is then the mix of general education and technology-specific training that maximises the growth rate of an economy? We try to answer these questions by...
Abstract This paper examines the volatility transmissions between the oil and stock markets by performing causality-in-variance tests across a number of emerging (oil) importing and exporting nations. The volatility spillover causality tests generally rule out country-to-oil effects, suggesting...
Abstract This paper considers the application of randomised controlled trials (RCTs) to improve public systems in developing countries. Arguing that existing critiques of RCTs as to problems with extrapolation and narrowness of scope are especially relevant in this context, I consider the claim...
Abstract Underlying this work is the idea that there is a problem of strategic complementarity of individuals who choose to evade. Complementarity results from the discretionary policies of governments and the strategic implications of the Studi di Settore (sector studies), the mechanism used in...
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