THE RELATIONSHIP BETWEEN ECONOMIC POLICY UNCERTAINTY AND CORPORATE TAX RATES

2021 ◽  
pp. 2150002
Author(s):  
MATTHEW CLANCE ◽  
GIRAY GOZGOR ◽  
RANGAN GUPTA ◽  
CHI KEUNG MARCO LAU
Keyword(s):  
Economic Policy ◽  
Policy Uncertainty ◽  
Tax Rates ◽  
Corporate Tax ◽  
Economic Policy Uncertainty ◽  
Estimation Techniques ◽  
Uncertainty Index ◽  
Corporate Tax Rates ◽  
The Relationship

This paper investigates the relationship between economic policy uncertainty and corporate tax rates in a panel dataset of 126 countries throughout 2003–2018. We use the so-called “World Uncertainty Index” to measure the level of economic policy uncertainty. We utilize various estimation techniques and find a one-way causality from economic policy uncertainty to corporate tax rates. Specifically, a rise in economic policy uncertainty leads to higher corporate tax rates. We also discuss potential implications.

Global Economic Policy Uncertainty and Tourism of Fragile Five Countries: Evidence from Time and Frequency Approaches

2020 ◽  
pp. 004728752092124
Author(s):  
Tsung-Pao Wu ◽  
Hung-Che Wu
Keyword(s):  
Economic Policy ◽  
National Security ◽  
High Frequency ◽  
Annual Data ◽  
Frequency Change ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
The Government ◽  
Changes Over Time ◽  
The Relationship

The purpose of this study is to examine the relationship between global economic policy uncertainty (GEPU) and tourism activities in the Fragile Five (F5) countries, namely, Brazil, India, Indonesia, South Africa, and Turkey. By using wavelet transform context structures and the annual data during the period of 1997–2016. The finding shows that the relationship is generally positive but changes over time, displaying low- to high-frequency cycles. Moreover, the timing and frequency change when GEPU co-moves with tourism. It can be recommended that the government maintain the national security and peace protocols.

scholarly journals Belgian economic policy uncertainty index: Improvement through text mining

2018 ◽  
Vol 34 (2) ◽  
pp. 355-365 ◽  
Author(s):  
Ellen Tobback ◽  
Hans Naudts ◽  
Walter Daelemans ◽  
Enric Junqué de Fortuny ◽  
David Martens
Keyword(s):  
Economic Policy ◽  
Text Mining ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Uncertainty Index

Economic policy uncertainty and corporate tax avoidance: Evidence from China

2021 ◽  
Vol 65 ◽  
pp. 101500
Author(s):  
Huayu Shen ◽  
Fei Hou ◽  
Miaowei Peng ◽  
Hao Xiong ◽  
Haohao Zuo
Keyword(s):  
Economic Policy ◽  
Tax Avoidance ◽  
Policy Uncertainty ◽  
Corporate Tax ◽  
Economic Policy Uncertainty

scholarly journals Impact of US Economic Policy Uncertainty on Geopolitical Risk. Evidence from BRIC Economies

2020 ◽  
Vol 65 (4) ◽  
pp. 485-496
Author(s):  
Imtiaz Arif ◽  
Amna Sohail Rawat ◽  
Muhammad Shahbaz
Keyword(s):  
Economic Policy ◽  
Financial Market ◽  
Investment Decisions ◽  
Policy Uncertainty ◽  
Estimation Technique ◽  
Economic Policy Uncertainty ◽  
Bric Countries ◽  
The Us ◽  
Asymmetric Relation ◽  
The Relationship

This paper estimates the relationship between US economic policy uncertainty and geopolitical risk in the BRIC economies.1 Due to the assumption of a non-linear and asymmetric relation between US economic policy uncertainty and geopolitical risk of BRIC countries, a nonparametric estimation technique, Quantile on Quantile approach has been used for empirical analysis. The empirical results revealed that the relationship between the US economic policy uncertainty and geopolitical risk of BRIC economies is heterogeneous in nature. We noted that economic policy uncertainty in the US is negatively related to geopolitical risk in Chinese and Russian economies. However, for Indian and Brazilian economies US economic policy uncertainty is positively related to geopolitical risk. The outcomes of the study will be helpful for the investors and financial market players for taking investment decisions. It will also benefit the legislators and policymakers in making policies that could make their respective economies insulated from foreign policy risks.

scholarly journals Economic Policy Uncertainty and Local Carbon Emission Trading: A Multifractal Analysis from US and Guangdong

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Ruwei Zhao
Keyword(s):  
Economic Policy ◽  
Carbon Emission ◽  
Cross Correlation ◽  
Emission Trading ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Cross Correlation Analysis ◽  
Uncertainty Index ◽  
Carbon Emission Trading ◽  
Correlation Statistics

This paper investigates the long-term dynamic cross-correlation evolution between US economic policy uncertainty index (USEPU) and Guangdong carbon emission trading price (GDCP) from the multifractal detrended cross-correlation analysis (MF-DCCA) perspective. With the calculation of correlation statistics and fluctuation function, the beginning procedures of MF-DCCA, we find that the cross-correlation between USEPU and GDCP is significant and presents power law property. Also, with the Hurst exponent, we find that the long-horizon correlations between series are persistent. Moreover, we perform Rényi exponent and spectrum singularity check. The empirical findings reveal that the all the correlations are of multifractality and the correlation of GDCP holds the highest degree.

A Twitter-Based Economic Policy Uncertainty Index for Turkey

2021 ◽  
Author(s):  
Sumru Altug ◽  
Sevcan Yesiltas ◽  
Anıl Şen ◽  
Beyza Arslan
Keyword(s):  
Economic Policy ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Uncertainty Index
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