In this paper, I study the impact of the Hukou labor mobility restrictions on human capital investment in China. Rural people have stronger incentive to pursue higher education, treating it as means to obtain urban identity and escape from underdeveloped areas. The 1998 Hukou policy reform granted urban Hukou to a specific group automaticly. Using a Regression Discontinuity strategy to fully ex...

The aim of this paper is to investigate the domestic saving-investment relation in Turkey. In their very effective paper Feldstein and Horioka (1980) (FH hereafter) states that presence of relationship between national saving and investment would not be expected under the perfect capital mobility. In the case of perfect capital mobility, savings follow wherever the highest return is and the rel...

Abstract Do more mobile firms pay lower taxes? Conventional wisdom argues that capital mobility creates downward pressure on corporate taxes, as can threaten to exit. Nevertheless, empirical findings are highly mixed and hard reconcile, partly due a lack of data at the microlevel. Using two comprehensive panel sets with than 780,000 Chinese over decades, we find higher shares effective tax rate...

When international prices and foreign environmental policies are unaffected by domestic actions, carbon leakage is generated through the substitution of carbon-intensive domestic products with imports. This paper studies this “small open economy” leakage effect, using a numerical general equilibrium model of the Italian economy. The comparison of alternative simulation scenarios highlights that...

Capital mobility has the potential of undermining validity Ricardo’s theory comparative advantage. Within this context, tendency towards a uniform rate profit makes absolute costs relevant for analysis specialisation patterns. A historical and analytical reconstruction is presented few significant contributions addressing point, with particular focus on possibility exclusion from trade producti...

The aim of this paper is to investigate the productivity impact of business visits, relative to traditional drivers of productivity enhancement, namely capital formation and R&D. To carry out the analysis, we combine unique and novel data on business visits sourced from the U.S. National Business Travel Association with OECD data on R&D and capital formation. The resulting unbalanced panel cove...