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International taxation and multinational firm location decisions

Barrios Cobos, Salvador; Huizinga, Harry; Laeven, Luc; … - 2008

Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on … the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the … location of new foreign subsidiaries. In fact, the impact of parent country taxation is estimated to be relatively large …

Persistent link: https://www.econbiz.de/10010276037

Thin Capitalization Rules and Multinational Firm Capital Structure

Blouin, Jennifer; Huizinga, Harry; Laeven, Luc; … - 2014

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...

Persistent link: https://www.econbiz.de/10010352370

Are Capital Flows Fickle? Increasingly? And Does the Answer Still Depend on Type?

Eichengreen, Barry - 2017

According to conventional wisdom, capital flows are fickle. Focusing on emerging markets, this paper asks whether this conventional wisdom still holds in the contemporary world. The results show that, despite recent structural and regulatory changes, much of it survives. FDI inflows are more...

Persistent link: https://www.econbiz.de/10012962317

Beyond the veil of ignorance: The influence of direct democracy on the shadow economy

Schneider, Friedrich; Teobaldelli, Désirée - 2012

In this paper we analyze the influence of direct democratic institutions on the size and development of the shadow economies. The framework developed predicts a negative relationship between the degree of direct democracy and the size of the shadow economy. Countries where direct democratic...

Persistent link: https://www.econbiz.de/10010281034

Shadow Economies All Over the World : New Estimates for 162 Countries from 1999 to 2007

Schneider, Friedrich - 2017

shadow economy are an increased burden of taxation (both direct and indirect), combined with labor market regulations and the …

Persistent link: https://www.econbiz.de/10012976461

The Devil is in the Shadow : Do Institutions Affect Income and Productivity or Only Official Income and Official Productivity?

Dreher, Axel; Meon, Pierre-Guillaume; Schneider, Friedrich - 2021

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...

Persistent link: https://www.econbiz.de/10013316690

Mimic Models, Cointegration and Error Correction : An Application to the French Shadow Economy

Buehn, Andreas; Schneider, Friedrich - 2021

The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...

Persistent link: https://www.econbiz.de/10013316608

Monetary Commitment, Institutional Constraints and Inflation : Empirical Evidence for OECD Countries Since the 1970s

Freytag, Andreas; Schneider, Friedrich - 2021

Central bank independence (CBI) is a very important precondition for price stability. However, the empirical evidence for a correlation between both is relatively weak. In this paper, this weakness is countered with a) an extended measure of monetary commitment, which includes well-known...

Persistent link: https://www.econbiz.de/10013317032

Shedding Light on the Shadow Economy : A Global Database and the Interaction with the Official One

Medina, Leandro - 2019

Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...

Persistent link: https://www.econbiz.de/10012857902

Regulatory Arbitrage and Cross-Border Syndicated Loans

Demirgüç-Kunt, Asli - 2019

This paper investigates how international regulatory and institutional differences affect lending in the cross-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and institutional arrangements. Multinational banks' choices...

Persistent link: https://www.econbiz.de/10012859502