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dc.contributor.authorBrumbaugh, Daviden_US
dc.date.accessioned2017-01-30T21:02:41Z
dc.date.available2017-01-30T21:02:41Z
dc.date.issued1985en_US
dc.identifier.urihttp://hdl.handle.net/10919/74513
dc.description.abstractDISC and FSC are two trade policy instruments of the United States that proV'ide a tax incentive for exporting. The two measures provide a stimulus for investment in the export sector by reduci.ng the cost of capital for exporting firms. According to a model based on the neoclassical theory of optimum capital accumulation, the minimum effect either DISC or FSC can have is surprisingly small, reducing the cost of capital by less than percent in either case. The maximum effect is large, reducing the cost of capital in the export sector by around 20 percent. However, the maximum effect of DISC and FSC is accompanied by side-effects that reduce economic efficiency significantly. These results therefore call into question the effectiveness of DISC and FSC as instruments of trade policy.en
dc.format.extentiii, 54 leavesen_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoen_USen_US
dc.publisherVirginia Polytechnic Institute and State Universityen_US
dc.relation.isformatofOCLC# 13193584
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subject.lccLD5655.V855 1985.B782en_US
dc.subject.lcshSubsidiary corporations -- Taxationen_US
dc.subject.lcshCommerceen_US
dc.titleDISC, FSC, and the cost of capital in the export sectoren_US
dc.typeThesisen_US
dc.contributor.departmentEconomicsen_US
dc.description.degreeMaster of Artsen_US
thesis.degree.nameMaster of Artsen_US
thesis.degree.levelmastersen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineEconomicsen_US
dc.type.dcmitypeTexten_US


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