• Article  

      Competition for environmental aid and aid fungibility 

      Hadjiyiannis, Costas; Hatzipanayotou, Panos; Michael, Michael S. (2013)
      Aid from environmentally conscious donors to developing recipients has long been thought of as a very promising way of preserving the global environment. However, aid is fungible and recipients cannot commit to using it ...
    • Article  

      Cross-border pollution, public pollution abatement and capital tax competition 

      Hadjiyiannis, Costas; Hatzipanayotou, Panos; Michael, Michael S. (2014)
      We analyze the case where governments have to use income tax revenue to finance public pollution abatement and relate the results to the existing literature on capital tax competition. We show that the impact of public ...
    • Article  

      Tax competition, capital mobility, and public good provision within a trading block 

      Hatzipanayotou, Panos; Hadjiyiannis, Costas; Michael, Michael S. (2002)
      The authors examine a two-country general-equilibrium model of a two-country trading block where governments through tax policies attract mobile capital and provide an imported public consumption good. Within this framework ...