Depreciation Rates In A Transition Economy
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Depreciation Rates In A Transition Economy Evidence From Czech Panel Data
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Author : Lubomír Lízal
language : en
Publisher:
Release Date : 1998
Depreciation Rates In A Transition Economy Evidence From Czech Panel Data written by Lubomír Lízal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Depreciation Rates In A Transition Economy
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Author : Lubomir Lizal
language : en
Publisher:
Release Date : 2010
Depreciation Rates In A Transition Economy written by Lubomir Lizal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
This paper examines industrial differences in depreciation rates and the suitability of financial data for a microeconomic analysis. Depreciation is a main source of enterprise investment and serves as a source for replacement of obsolete or used-up capital. The findings on capital structure in this paper are consistent with the common view that heavy industry firms have long-life capital while firms operating in electronics, or light industry as a whole, have a capital structure containing a higher portion of a short-life capital. Also, larger firms are more likely to have a higher portion of long-life capital, like real estate. The last conclusion drawn from this analysis is that certain types of financial data might be highly influenced by seasonal effects which could operate as a measurement error and therefore distort estimates which are sensitive to measurement error.
Equilibrium Exchange Rates In Transition Economies
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Author : Lionel Halpern
language : en
Publisher: International Monetary Fund
Release Date : 1996-11-01
Equilibrium Exchange Rates In Transition Economies written by Lionel Halpern and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-11-01 with Business & Economics categories.
A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness. This paper interprets the stylized facts and offers estimates of the equilibrium real exchange rate based on an international comparison of dollar wages and on a study of the dynamics of real exchange rates in several transition economies. The results suggest that the process of real appreciation is a combination of a return to equilibrium following the early overshooting and equilibrium appreciation.
Stochastic Capital Depreciation And The Comovement Of Hours And Productivity
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Author : Michael Dueker
language : en
Publisher:
Release Date : 2002
Stochastic Capital Depreciation And The Comovement Of Hours And Productivity written by Michael Dueker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Depreciation categories.
Transition To And Tax Rate Flexibility In A Cash Flow Type Tax
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Author : David F. Bradford
language : en
Publisher:
Release Date : 1998
Transition To And Tax Rate Flexibility In A Cash Flow Type Tax written by David F. Bradford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Double taxation categories.
The difficulty of making a transition from an income-type to a consumption-type tax is often cited as an obstacle to such a change in policy. The problem is the double taxation of 'old savings' or 'old capital.' A person who has accumulated wealth under an income tax will be hit with an extra tax on the consumption financed by that accumulation with a shift to a consumption tax. Such a transition effect raises issues of equity, political feasibility and efficiency. In the typical implementation of a consumption tax, the same sorts of transition phenomena associated with a shift from an income tax come from any change in the rate of tax. Introduction of a consumption tax is the same as raising the rate of consumption tax from zero to whatever positive rate is envisioned for the new system. Consequently, the problem of transition to a consumption tax generalizes to the problem of changing the rate of consumption tax. In this paper I consider the design of rules that render consumption taxes in the family of business cash-flow taxes immune to the incentive and incidence effects of changes in rate of tax. I show that two relatively simple approaches are available to deal with it: grandfathering the tax rate applicable to a given period's investment or substituting depreciation allowances for the usual expending of investment, coupled with a credit for the equivalent of interest on the undepreciated investment stock. A cost of this approach is its requirement to identify tru depreciation and, in the second case, the real rate of interest.
The Role Of Tax Depreciation For Investment Decisions
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Author : Chang Woon Nam
language : en
Publisher:
Release Date : 2004
The Role Of Tax Depreciation For Investment Decisions written by Chang Woon Nam and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
This study compares incentive effects of various tax depreciation methods currently adopted in European transition economies. In these countries straight-line, geometric-degressive and accelerated depreciation measures are quite popular in combination with different corporate tax rates. Their generosity is determined on the basis of Samuelson's true economic depreciation. For this purpose, the present value model is applied under the particular consideration of different financial structures. In this context the traditional Modigliani-Miller theorem for capital structure is revisited. Furthermore, the aspect of inflation is integrated into the model. The central issue is that the historical cost accounting method generally applied for the calculation of the corporate tax base causes fictitious profits in inflationary phases that are also taxed. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but partly compensate such additional tax burdens caused by inflation.
Disinflation In Transition Economies
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Author : Marek D?browski
language : en
Publisher: Central European University Press
Release Date : 2003-01-01
Disinflation In Transition Economies written by Marek D?browski and has been published by Central European University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.
The authors analyze the dynamics of in Central and Eastern Europe. The volume covers all the key factors of disinflation in transition economies: changes in money supply and money demand; exchange rate policy; currency crisis; fiscal policy; legal status of central banks; monetary policy strategy; changes in relative prices and changes in nominal and real wages.
National Accounts At A Glance 2014
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2014-04-11
National Accounts At A Glance 2014 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-11 with categories.
National Accounts at a Glance presents information using an "indicator" approach, focusing on cross-country comparisons.
Institutions Transition Economies And Economic Development
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Author : Tim Yeager
language : en
Publisher: Routledge
Release Date : 2018-02-07
Institutions Transition Economies And Economic Development written by Tim Yeager and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-07 with Political Science categories.
Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.
Designing Financial Systems In Transition Economies
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Author : Anna Meyendorff
language : en
Publisher: MIT Press
Release Date : 2002
Designing Financial Systems In Transition Economies written by Anna Meyendorff and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written by leading European and North American scholars, the essays apply modern finance theory and empirical data to the development of new financial sectors.