Hostname: page-component-7bb8b95d7b-w7rtg Total loading time: 0 Render date: 2024-09-17T11:19:32.063Z Has data issue: false hasContentIssue false
  • English
  • Français

International Competitiveness, International Taxation and Domestic Investment

Published online by Cambridge University Press:  26 March 2020

Garry Young
Get access Rights & Permissions [Opens in a new window]

Extract

In recent years, international product markets have become more open as a consequence of a reduction in local trade barriers such as the completion of the single market in Europe and the North American Free Trade Agreement and through a reduction in worldwide trade barriers through GATT. The resulting increase in the competitiveness of global product markets has been intensified by the emergence of competition from the former Communist countries in Europe and rapidly developing countries from South East Asia.

Type
Articles
Information
National Institute Economic Review , Volume 148 , May 1994 , pp. 44 - 48
Copyright
Copyright © 1994 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

∗

I am grateful to Andrew Britton, Geoff Mason and Nick Oulton for comments on an earlier draft and am pleased to thank the Leverhulme Trust for their financial support.

References

Barrell, R., Pain, N. and Young, G. (1993), ‘A cross country comparison of the demand for labour in Europe’, paper presented at EMRU Labour Economics Study Group.Google Scholar
Keese, M., Salou, G. and Richardson, P. (1991), ‘The measurement of output and factors of production for the business sector in OECD countries’, OECD Economics Department Working Paper no. 99.Google Scholar
King, MA and Fullerton, D. (1954), The Taxation of Income from Capital: A Comparative Study of the United States, United Kingdom, Sweden and West Germany, NBER/Chicago University Press, Chicago.Google Scholar
Mayes, DG and Young, G. (1993), ‘Industrial investment and economic policy’, National Institute Discussion Paper no. 56.Google Scholar
Mayes, DG and Young, G. (1994), ‘Improving the estimates of the UK capital stock’, National Institute Economic Review, February, no. 147 pp. 84–96.Google Scholar
Organisation for Economic Cooperation and Development (1991), Taxing Profits in a Global Economy: Domestic and International Issues, Paris.Google Scholar
Stiglitz, J. (1973), ‘Taxation, corporate financial policy, and the cost of capital’, Journal of Public Economics, 2(1), pp.1–34.CrossRefGoogle Scholar
Stolper, WF and Samuelson, PA (1941), ‘Protection and real wages’, Review of Economic Studies, no. 9, pp.58–73.CrossRefGoogle Scholar
Young, G. and Pain, N. (1994), ‘Real equity prices and the cost of capital in the G7 countries’, NIESR mimeo.Google Scholar
Young, G. (1994), ‘The influence of foreign factor prices and international taxation on fixed investment in the UK’, National Institute Discussion Paper no. 66.Google Scholar