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Article: A pecking order of capital inflows and international tax principles

TitleA pecking order of capital inflows and international tax principles
Authors
Razin, ASadka, EYuen, CW
KeywordsAsymmetric information
Foreign direct investment
Foreign portfolio debt investment
Foreign portfolio equity investment
International taxation
Issue Date1998
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jie
Citation
Journal Of International Economics, 1998, v. 44 n. 1, p. 45-68 How to Cite?
DOI: http://dx.doi.org/10.1016/S0022-1996(97)00009-3
AbstractEven though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key sources of market failure in the context of international capital flows and to provide guidelines for efficient tax structure in the presence of capital market imperfections. The analysis distinguishes three types of international capital flows: foreign portfolio debt investment, foreign portfolio equity investment and foreign direct investment. The paper emphasizes the efficiency of a non-uniform tax treatment of the various vehicles of international capital flows. © 1998 Elsevier Science B.V.
Persistent Identifierhttp://hdl.handle.net/10722/85557
ISSN
0022-1996
2023 Impact Factor: 3.8
2023 SCImago Journal Rankings: 4.583
SSRN
882926
ISI Accession Number ID
WOS:000072805900003
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorRazin, Aen_HK
dc.contributor.authorSadka, Een_HK
dc.contributor.authorYuen, CWen_HK
dc.date.accessioned2010-09-06T09:06:32Z-
dc.date.available2010-09-06T09:06:32Z-
dc.date.issued1998en_HK
dc.identifier.citationJournal Of International Economics, 1998, v. 44 n. 1, p. 45-68en_HK
dc.identifier.issn0022-1996en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85557-
dc.description.abstractEven though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key sources of market failure in the context of international capital flows and to provide guidelines for efficient tax structure in the presence of capital market imperfections. The analysis distinguishes three types of international capital flows: foreign portfolio debt investment, foreign portfolio equity investment and foreign direct investment. The paper emphasizes the efficiency of a non-uniform tax treatment of the various vehicles of international capital flows. © 1998 Elsevier Science B.V.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jieen_HK
dc.relation.ispartofJournal of International Economicsen_HK
dc.rightsJournal of International Economics. Copyright © Elsevier BV.en_HK
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in <Journal of International Economics>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 44, ISSUE 1, (1998)] DOI 10.1016/S0022-1996(97)00009-3-
dc.subjectAsymmetric informationen_HK
dc.subjectForeign direct investmenten_HK
dc.subjectForeign portfolio debt investmenten_HK
dc.subjectForeign portfolio equity investmenten_HK
dc.subjectInternational taxationen_HK
dc.titleA pecking order of capital inflows and international tax principlesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0022-1996&volume=44&spage=45&epage=68&date=1998&atitle=A+Pecking+Order+of+Capital+Inflows+And+International+Tax+Principlesen_HK
dc.identifier.emailYuen, CW: cwyuen@hku.hken_HK
dc.identifier.authorityYuen, CW=rp01123en_HK
dc.description.naturepreprint-
dc.identifier.doi10.1016/S0022-1996(97)00009-3-
dc.identifier.scopuseid_2-s2.0-0031820241en_HK
dc.identifier.hkuros35888en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0031820241&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume44en_HK
dc.identifier.issue1en_HK
dc.identifier.spage45en_HK
dc.identifier.epage68en_HK
dc.identifier.isiWOS:000072805900003-
dc.publisher.placeNetherlandsen_HK
dc.identifier.ssrn882926-
dc.identifier.scopusauthoridRazin, A=7102906968en_HK
dc.identifier.scopusauthoridSadka, E=6602532828en_HK
dc.identifier.scopusauthoridYuen, CW=7101633296en_HK
dc.identifier.issnl0022-1996-

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