Technological innovation, the financial market, and the real economy are mutually
promoting and restricting. Considering the interference of market-noise information, this …

Under capital tax competition, surprisingly, Ogawa and Wildasin (2009) find that
uncoordinated policymaking leads to a first‐best outcome even in the presence of …

The reduction of capital tax rates witnessed over the past two decades has been motivated
by the wish to boost investment and reduce unemployment. Previous models of tax …

This paper analyzes how financial globalization affects skilled‐unskilled wage inequality.
We treat financial globalization as more regions being integrated into the global financial …

We examine the possible impacts of demographics on outcomes of competition for capital in
political economy. For this, we develop a multi-region overlapping generations model …

We propose an infinitely repeated game of tax competition with an endogenous capital
supply. Our results show that the larger the capital supply elasticity to interest rates, the …

The paper investigates the relationship between corporate taxation and labor market
indicators. This research supports the idea that the increase in corporate income tax rates in …

This study explores the effects of globalization on gender inequality. Specifically, we
describe how, in terms of capital market integration, globalization alters the gender gap in …

Within a model of variable supply of capital due to international mobility and variable labor
supply due to endogenous labor-leisure choice, we revisit the issues of vertical fiscal …

In contrast to the conventional belief that labour union intervention reduces firms' incentives
to innovate, I show that this view may not hold true when the firms compete in prices. I find …