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A basic theme in the theory of international trade has been to study welfare gains and income redistribution caused by trade liberalization. Using optimizing finite lives overlapping generations combined with long-term real assets and adjustment costs in accumulating capital, this paper establish...


Budnevich, Carlos[The Intergenerational and Dynamic Effects of Opening the Capital Account]The Intergenerational and Dynamic Effects of Opening the Capital Account

The purpose of the paper is to analyze firms decisions about using profits as a financing source. In particular, we are interested in the consequence of changes of tax incentives on that behavior, Following a revision of theoretical aspects of saving behavior of firms, we analyze how tax variable...


Budnevich, CarlosJara, Alejandro[Políticas Tributarias y Ahorro de las Empresas]Políticas Tributarias y Ahorro de las Empresas

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