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    <title>EconStor Collection:</title>
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    <dc:date>2026-05-09T16:00:22Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/340760">
    <title>Editor's note: Stability and development in Africa, tax reform, public participation and corruption</title>
    <link>https://hdl.handle.net/10419/340760</link>
    <description>Title: Editor's note: Stability and development in Africa, tax reform, public participation and corruption
Authors: Huang, Zhangkai; Li, David D.</description>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/340758">
    <title>Does the limiting debt tax benefits curb tax aggressiveness? Evidence from Indonesia 2016 debt-to-equity reform</title>
    <link>https://hdl.handle.net/10419/340758</link>
    <description>Title: Does the limiting debt tax benefits curb tax aggressiveness? Evidence from Indonesia 2016 debt-to-equity reform
Authors: Hutahean, Timbul Parasian; Hermawan, Wawan; Kharisma, Bayu; Hasanah, Alfiah
Abstract: This study defines tax aggressiveness as the extent to which a firm uses interest expense to shield income from tax. Focusing on the period surrounding the debt-to-equity cap reform that restricts the debt tax benefit, we investigate two primary hypotheses: (1) whether thin capitalization, characterized by a higher debt ratio, is positively correlated with tax aggressiveness due to the debt tax benefit, and (2) whether the reform limiting this debt tax benefit (thin capitalization rule) reduces tax aggressiveness. We use the simulated marginal tax rate and the kink - the interest expense percentage at which the marginal tax benefit function curve begins to slope downward - as measures of tax aggressiveness. Applying OLS on a pooled sample from the pre-reform period, we find evidence supporting the first hypothesis. Furthermore, exploiting a natural experiment resulting from the reform and utilizing a difference-in-difference strategy on panel data, we observe that firms affected by the reform, particularly those classified as thinly capitalized, become relatively less tax-aggressive. A lower interest expenses ratio is evidence of a pathway for the finding. In conclusion, tax aggressiveness is associated with thinly capitalized firms, and the tax reform appears to mitigate this behavior.</description>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/340771">
    <title>Untangling Africa's peace and growth trajectories: The role of property rights</title>
    <link>https://hdl.handle.net/10419/340771</link>
    <description>Title: Untangling Africa's peace and growth trajectories: The role of property rights
Authors: Iyoboyi, Martins; Olarinde, Muftau Olaiya
Abstract: The role of government in promoting property rights has been acknowledged in the literature. This study investigates the impact of property rights peace, and consequently the impact of peace and property rights on economic growth, utilizing the system Generalized Method of Moments technique on panel data on 31 African countries from 2008 to 2019. The results indicate that the institutional structure in natural resource-based countries, through mitigating the effects of the natural resource curse phenomenon, improves economic growth. The paper concludes with actionable recommendations on the contributions of property rights on peace and economic growth and recommends policies that improve the quality of property rights in the African context and government integrity. The role of government is critical in Africa, in ensuring improved property rights and ensuring a peaceful environment for growth.</description>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/340755">
    <title>Does better governance abate the external debt-capital flight revolvement in sub-Saharan Africa?</title>
    <link>https://hdl.handle.net/10419/340755</link>
    <description>Title: Does better governance abate the external debt-capital flight revolvement in sub-Saharan Africa?
Authors: Abille, Adamu Braimah; Adjei, Ishmael
Abstract: Most African countries are grappling with long-term fiscal slippages and escalating debt burdens due to high levels of non-concessional and overcapitalized borrowing. At the same time, the continent is paradoxically deemed a net creditor to the rest of the world owing to excessive capital flight. More concerning is the seemingly strong correlation between external debt and capital flight from these countries. While some studies have considered the moderating role of governance in the effect of capital flight on various sectors of African economies, how governance may moderate the correlation between external debt and capital flight remains empirically unexplored. Using unbalanced panel data on capital flight, external debt, and governance indicators from 1990 to 2020 for 20 African countries, we observe that; (i) the external debt-capital flight revolvement may be a short-run rather than a long-run phenomenon. (ii) The marginal effects show that improved governance indicators at least moderate the short-run positive correlation between external debt and capital flight. We discuss the policy implications.</description>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
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