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dc.contributor.authorStefanski, Radek
dc.contributor.authorToews, Gerhard
dc.date.accessioned2018-10-16T08:30:13Z
dc.date.available2018-10-16T08:30:13Z
dc.date.issued2018-10-01
dc.identifier.citationStefanski , R & Toews , G 2018 ' What's in a wedge? Misallocation and taxation in the oil industry ' School of Economics and Finance Discussion Paper , no. 1804 , University of St Andrews , St Andrews , pp. 1-16 .en
dc.identifier.issn0962-4031
dc.identifier.otherPURE: 256199522
dc.identifier.otherPURE UUID: 6a8e1151-d7d5-40b9-8479-b05f5cc57e4d
dc.identifier.urihttp://hdl.handle.net/10023/16221
dc.description.abstractResource misallocation explains a large part of cross-country productivity differences. Measuring differences in marginal revenue products of labor and capital across countries and firms allows for a quantification of the extent of this misallocation, but is typically uninformative of its source. We address this problem by using novel, firm-level data from the oil industry. We confirm the existence of sizeable gaps in marginal revenue products across countries and firms relative to the US, but show that these disappear once we account for revenue taxation. Differences in tax policies are thus sufficient to account for cross-country gaps in marginal products.
dc.format.extent16
dc.language.isoeng
dc.publisherUniversity of St Andrews
dc.relation.ispartofen
dc.relation.ispartofseriesSchool of Economics and Finance Discussion Paperen
dc.subjectMisallocationen
dc.subjectProductivity differencesen
dc.subjectTaxationen
dc.subjectOilen
dc.subjectHB Economic Theoryen
dc.subject.lccHBen
dc.titleWhat's in a wedge? Misallocation and taxation in the oil industryen
dc.typeWorking or discussion paperen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews.School of Economics and Financeen
dc.identifier.urlhttps://ideas.repec.org/p/san/wpecon/1804.htmlen


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