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The Monopolistic Competition Revolution in Retrospect
In 1977 Dixit and Stiglitz revolutionized the modeling of imperfectly competitive markets, launching the second monopolistic competition revolution. This 2003 text includes a comprehensive survey of both monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.
Will Corporate Tax Consolidation Improve Efficiency in the EU?
Consolidation of the tax base in the European Union is expected to curve compliance costs and reduce prodit shifting. A number of proposals for consolidation from the European Commission are simulated wirh the aplied general equilibrim model CORTAX. We show that benefits from consolidation are offset by two weaknesses in theproposals for a common consolidated tax base. Formula apportionment, which is neede to allocate the cosolidated taxable profits across jurisdiction, creates new tax planning possibilities for MNEs and allows them to benefit from existing tax rate differentials in the European Union. In addition, it triggers tax competition as member states may attract foreign investment by reducing their tax rates. the socond distorition is an unlevel playing field, which is introduced if only part of the firm participate in the consolidation. The gains from consolidation can be fully grasped if it is obliged for all firms and is it is accompanied by a harmonisation of the tax rate.
Gender Equality and Public Policy
This book offers a comprehensive and in-depth overview of how public policy is shaping gender equality in Europe.
Women at Work in Latin America and the Caribbean
Women across the world remain an underutilized resource in the labor force. Participation in the labor force averages around 80 percent for men but only 50 percent for women – nearly half of women’s productive potential remains untapped compared to one-fifth for men. Latin America and the Caribbean (LAC), as a region, saw the largest gains in female labor force participation (LFP) in the world during the last two decades. Women in LAC are becoming increasingly active in paid work, closing the gap with men and catching up to their counterparts in advanced economies at an impressive rate. In this paper, we document the recent trends in female LFP and female education in the LAC region, discuss the size of potential gains to GDP from increasing female LFP and policies which could be deployed towards this goal.
The Monopolistic Competition Revolution in Retrospect
Avinash Dixit and Joseph Stiglitz revolutionized the modelling of imperfectly competitive markets and launched "the second monopolistic competition revolution". Experts in the areas of macroeconomics, international trade theory, economic geography, and international growth theory examine the success of the second revolution in this collection of papers. They reveal what appears to be "missing" and look forward to the next step in the modelling of imperfectly competitive markets. The text includes a comprehensive survey of the two monopolistic competition revolutions, and previously unpublished working papers by Dixit and Stiglitz that led to their famous 1977 paper.
Finance India
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Women, Business and the Law 2021
Women, Business and the Law 2021 is the seventh in a series of annual studies measuring the laws and regulations that affect women’s economic opportunity in 190 economies. The project presents eight indicators structured around women’s interactions with the law as they move through their lives and careers: Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension. This year’s report updates all indicators as of October 1, 2020 and builds evidence of the links between legal gender equality and women’s economic inclusion. By examining the economic decisions women make throughout their working lives, as well as the pace of reform over the past 50 years, Women, Business and the Law 2021 makes an important contribution to research and policy discussions about the state of women’s economic empowerment. Prepared during a global pandemic that threatens progress toward gender equality, this edition also includes important findings on government responses to COVID-19 and pilot research related to childcare and women’s access to justice.
