Fiscal incentives for investment and innovation

목차 (Table of Contents)

• CONTENTS
• Foreword = xiii
• Preface = xv
• Acknowledgments = xvi
• List of Contributors = xvii
• Overview = 1
• RESEARCH GUIDANCE ON CONCEPTUAL AND INCENTWES DESIGN ISSUES
• 1 Perspectives on the Role of Investment Incentives in Developing Countries / Robin W. Boadway ; Anwar Sbab = 31
• Investment Incentives in Developing Countries : Types of Instruments and Frequency of Use = 32
• The Economic Rationale for Investment Incentives = 37
• The Conceptual Effect of Investment Incentives = 57
• The Effect of Tax Incentives on Investment : A Brief Survey of the Empirical Approaches and Applications in Developing Countries = 94
• Concluding Remarks = 101
• Appendix. Characteristics of Corporate Tax Systems in Selected Economics = 103
• Notes = 128
• References = 132
• 2 The Cost of Capitzl and Investment in Developing Countries / Alan Auerbacb = 137
• The Model = 138
• Changes in Tax Regime = 148
• Institutional Factors : Calculating r and r = 154
• Conclusion = 158
• Appendix. Derivation of Firm Decision Rule = 158
• Notes = 161
• References = 163
• 3 Tax Holidays and Investment / Jack M. Mintz = 165
• A Detailed Description of Tax Holidays = 167
• Theoretical Analysis = 171
• Empirical Analysis = 185
• Conclusions = 190
• Notes = 191
• References = 193
• 4 Taxation, Information Asymmetries, and the Financing Choice of the Firm / Andrew Lyon = 195
• Debt. Equity, and Taxes under Symmetric Information = 196
• The Miller Equilibrium = 199
• Financing Choices under Asymmetric Information = 202
• Rural Credit MarkctSolutions to Asymmetric Information = 213
• Policy Implications = 216
• Appendix 4A. Modigliani and Miller's Homemade Leverage and Firm Value = 224
• Appendix 4B. Rationing with Asymmetric Information = 225
• Notes = 225
• References = 226
• 5 Research and Development Investment, Industrial Structure, Economic Performance, and Tax Policies / Anwar Sbah = 231
• R&D Capital and the Structure of Production : Theory and Evidence = 232
• R&D Capital and Product Market Structure : Theory and Evidence = 244
• Public Policy and R&D Investment = 251
• Tax Policy, Production Structure, and R&D Capital = 266
• Summary = 273
• Appendix 5A. The Data = 276
• Appendix 5B. Definition of Scientific Research and Experimental Development = 278
• Notes = 279
• References = 280
• 6 Tax Polici toward Foreign Direct Investment in Developing Countries in Light of Recent International Tax Changes / Jod Slemrod = 289
• An Overview of Host and Home Country Taxation of the Income from FD1 = 290
• The Normative Theory of Host Country Taxation of FDI = 291
• Recent Changes in Home Country Taxation of FDI = 296
• Rethinking Host Country FDI Tax Policy in Ught of Home Country Policy Changes = 301
• Notes = 305
• References = 306
• EMPIRICAL EVEDENCE ON THE EFFECTIVENESS OF TAX INCENTIVES
• Tax Burden Analysis
• 7 Why Tax Incentives Do Not Promote Investment in Brazil / Antonio Estache ; Vitor Gaspar = 309
• A Methodology to Assess Tax-Drivcn Distortion in the Capital Market = 310
• Effective Tax Rates on Capital in Brazil = 317
• Conclusions = 332
• Appendix. Description of the Principal Brazilian Fiscal Incentives Available in 1989 = 334
• Notes = 338
• References = 340
• 8 Investment Incentives and the Corporate Tax System in Malaysia / Robin W. Boadway ; Dale Cbua ; Frank Flatters = 341
• Definition of the Marginal Effective Tax = 343
• The Measurement of r○ and r$$_{n}$$ = 344
• Posttax Returns on Savings : The Effective Marginal Rate of Personal Tax = 351
• Estimates : The Marginal Effective Personal Tax = 352
• Estimates : Effective Corporate Taxes = 355
• Conclusions = 367
• Appendix. Description of Data = 369
• Notes = 371
• References = 373
• 9 Indirect Taxes and Investment Incentives in Malaysia / Robin W. Boadway ; Dale Cbua ; Frank Flatters Indirect Taxes in Malaysia = 375
• Indirect Taxes in Malaysia = 376
• Methodology for Estimating Incentive Effects of Indirect Taxes = 378
• Estimates of Distortionary Effects of Malaysia's Indirect Tax System = 382
• Conclusions and Policy Implications = 389
• Appendix. Measuring METRs in the Presence of Indirect Taxes = 390
• Notes = 396
• References = 397
• 10 Fiscal Incentives for Investment in Thailand / Robert Halvorsen = 399
• Theoretical Rationale for Investment Incentives = 400
• The Board of Investment = 402
• Magnitude and Characteristics of Promoted Activities = 410
• Cost-Effectiveness of Investment Incentives = 422
• Conclusions = 432
• Notes = 434
• References = 436
• 11 Patterns in Investment Tax Incentives among Developing Countries / Ngee Choon Chia ; John Whalley = 437
• Investment Tax Incentives in Developing Countries = 438
• The Effect of Tax Incentives in Developing Countries = 442
• Tax Competition and Investment Incentives in ASEAN Countries = 445
• Conclusion = 451
• Notes = 452
• References = 453
• 12 Corporate Income Taxation and Foreign Direct Investment in Central and Eastern Europe / Jack M. Mintz ; Thomas Tsiopoulos = 455
• Results of the Analysis = 457
• Policy Options for Tax Incentives = 465
• Conclusion = 470
• Appendix. Calculating the Effective Tax Rates = 471
• Notes = 477
• References = 479
• 13 Do Taxes Matter for Foreign Direct Investment? / Anwar Shah / Joel Slemrod = 481
• Review of the Existing Empirical Literature = 482
• FDI in Mexico = 484
• Some Theory and the Empirical Model = 486
• The Data and Estimation = 489
• Policy Implications = 495
• Appendix 13A. Taxation of Foreign Investment Income in Mexico = 496
• Appendix 13B. Data Definitions = 497
• Note = 499
• References = 500
• THE EFFECTS OF TAXATION ON PRODUCTION AND' INVESTMENT DECISIONS
• 14 Corporate Tax Structure and Production / Jeffrey I Bernstein ; Anwar Shah = 503
• Cost of Capital Expenditure = 504
• Tax Structure and Production : A Dynamic Theoretical Model = 505
• Estimation Model and Tax Elasticities = 512
• Mexico = 521
• Pakistan = 524
• Turkey = 531
• Summary and Conclusions = 537
• Notes = 540
• References = 542
• 15 Tax Incentives, Market Power, and Corporate Investment / Dagmar Rajagopal ; Anwar Shah = 545
• The Theoretical Model = 548
• Derivation of the Estimating Equations from the Theoretical Models, Non-Nested Hypothesis Tests = 564
• The Empirical Results and Their Policy Implications = 575
• Summary = 588
• Appendix. Details of Derivations, Elasticity Formulas, Sources for the Data, and Corporate Income Taxes in Pakistan and Turkey = 591
• Note = 614
• References = 614
• 16 Do Tax Policies Stimulate Investment in Physical and R&D Capital? / Anwar Shah ; John Baffes = 617
• Corporate Tax Incentives in Pakistan = 618
• The Model = 619
• Data. Estimation, and Results = 621
• The Effect of Tax Policies on Investment = 623
• Summary and Policy Implications = 629
• Appendix 16A. Derivation of Input Demands = 629
• Appendix 16B. Data Description and Construction of Variables = 631
• Notes = 632
• References = 633
• ECONOMYWIDE IMPLICATIONS OF !NVESTMENT INCENTIVES
• 17 Macroeconomic Implications of Investment Incentives in Mexico / Andrew Feltenstein ; Anwar Shah = 635
• Tax Incentives for Investment in Mexico = 635
• Model Specification = 636
• Simulation Results = 649
• Summary and Conclusions = 656
• Appendix. Corporate Structure and Investment Incentives in Mexico = 657
• Notes = 669
• References = 670
• 18 Modeling the General Equilibrium Effects of Investment Incentives : The Philippine Case / Ramon L. Clarete = 673
• Overview of the Basic Model = 674
• Capital Formation and Savings in the Model = 676
• Fiscal Investment Incentives and Model Calibration = 681
• Static and Dynamic Economic Effects of Fiscal Incentives = 687
• Conclusion = 697
• Notes = 700
• References = 700
• Index = 703