A Pecking Order of Capital Inflows and International Tax Principles

Assaf Razin, Efraim Sadka and C-W Yuen

Working Papers from Tel Aviv - the Sackler Institute of Economic Studies

Abstract: Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key source of market failure in the contest of international capital flows and to provide guidelines for efficient tax structure in the presence of capital market imperfections.

Keywords: FOREIGN INVESTMENT; INFORMATION; TAXATION (search for similar items in EconPapers)
JEL-codes: F21 F35 H25 H30 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1997
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Citations: View citations in EconPapers (12)

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Journal Article: A pecking order of capital inflows and international tax principles (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavsa:12-97

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