Cover

Title

Copyright

Dedication

Contents

Preface

List of Contributors

Introduction Assaf Razin and Efraim Sadka

I. International Mobility of Technology

1 R&D and Productivity: The International Connection

II. Capital Flows and Exchange-Rate Misalignment

2 International Implications of German Unification

3 Real-Exchange-Rate Misalignments and Growth

III. Tax Incentives and Patterns of Capital Flows

4 Implications of the Home Bias: A Pecking Order of Capital Inflows and Corrective Taxation

5 Transfer Pricing as a Strategic Device for Decentralized Multinationals

IV. Limits to Income Redistribution in Federal Systems

6 Income Redistribution in an Economic Union:The Trade-off Between International and Intranational Redistributions

7 Federal Insurance of U.S. States: An Empirical Investigation

V. Tax Harmonization, Tax Coordination, and the "Disappearing Taxpayer"

8 Is There a Need for a World Tax Organization?

9 Taxation, Financial Innovation, and IntegratedFinancial Markets: Some Implications for Tax Coordination in the European Union

10 Can International Commodity-Tax Harmonization Be Pareto-Improving When Governments Supply Public Goods?

11 Fiscal Separation with Economic Integration: Israel and the Palestinian Authority

VI. Political-Economy Aspects of International Tax Competition

12 Factor Taxation, Income Distribution, and Capital-Market Integration

13 Interjurisdictional Tax Competition: A Political-Economy Perspective

VII. Migration of Skilled and Unskilled Labor

14 Economic Integration, Factor Mobility, and Wage Convergence

15 Human-Capital Formation, Asymmetric Information, and the Dynamics of International Migration

VIII. Fiscal Aspects of Monetary Unification

16 The Interaction of Fiscal Policy and Monetary Policy in a Monetary Union: Balancing Credibility and Flexibility

Index