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Two BRICs: India vs. Brazil

capital stock growth, there is little productive GDP growth. Note: the capital stock is constructed as investment plus non-depreciated capital. The chart above illustrates the capital stock per worker (CW)…

What’s Your Top Ten List for Tax Reforms?

…on this, too, of course. But briefly: Capital gain preferences are enjoyed primarily by the wealthy, who hold the vast majority of the financial assets. The country has witnessed massively…

No Bailout Plan

…these institutions issue promissory notes to repay the FDIC, counting the amount “borrowed” as capital on their balance sheets. This exchange provides short term capital, with not cash outlay. Interest…

Profits increase capital or finance spending today?

…the data with a remarkable upward trend in stock buybacks. All this is further evidence of this corrosive dominance of financialization. Anders, George. 2008. “Exxon’s Stingy Capital Spending May Haunt…

Explaining the Capital Flow Puzzle

…of international capital flows. I agree that corrupt and inefficient domestic institutions in many developing countries are major impediments to growth. And there are lots of examples where citizens have…

The 2005 Current Account Paradox

…out in a post today. That has meant that the US has not had to attract much capital from the private sector. The following chart shows the total inflows of…