Do Taxes Matter in the CAPM?

Do Workers\' Remittances Matter for the Egyptian Economy?

Workers’ remittances constitute one of the most important sources of external finance for many developing countries. Although it shows a decreasing trend in recent years, Egypt after 1970s with her regular and massive labor migration to abroad has been still one of the gainer countries on remittances across the world. Empirical studies that implemented for various countries reveal workers’ ...

Do Taxes Produce Better Wine?

Theory predicts that unit taxes increase the quality in a market since unit taxes reduce the relative price of high quality goods. Ad valorem taxes, on the other hand, have no effect on relative prices and should not affect product quality. The hypothesis is tested empirically in the US wine market. I find that the market share of high quality wine is significantly increased by unit taxes and t...

Dark Chocolate and Metabolic Syndrome; Do Polyphenols All that Matter?

Greenhouse gas emissions - do carbon taxes work ?

During the last decade, Norway has carried out an ambitious climate policy by implementing a relatively high carbon tax already in 1991. The Norwegian carbon taxes are among the highest in the world. Data for the development in CO2 emissions provide a unique opportunity to evaluate carbon taxes as a policy tool for CO2 abatement. We combine a divisia index decomposition method and applied gener...

Do Personal Taxes affect Corporate Financing Decisions?

The traditional view is that interest deductibility encourages firms to use debt financing; however, some argue that the personal tax disadvantage to interest offsets the corporate tax advantage. This paper investigates the degree to which personal taxes affect corporate financing decisions. In crosssectional regressions that control for personal taxes, debt usage is positively correlated with ...