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This chapter surveys the literature on international trade and the protection of intellectual property rights (IPRs) in the global economy. The discussion is organized around the major questions in the field. How does openness to trade affect national incentives for patent protection? What is...
Persistent link: https://www.econbiz.de/10014023447
. Second, as a result, policy competition does not change regional welfare. Lastly, the equilibrium policy could be either a …
Persistent link: https://www.econbiz.de/10010782000
This paper analyzes the role that the ownership structure of companies plays for governments in asymmetric countries´ competition for a multinational´s subsidiary. I argue that equilibrium tax policies as well as a foreign investor´s location decision in policy competition between these...
Persistent link: https://www.econbiz.de/10010625729
This study develops a two-country policy competition model for foreign direct investment between asymmetric countries. It analyzes how firm ownership via foreign capital affects the investment location choice of the foreign firm, and policy competition between the potential host countries. The...
Persistent link: https://www.econbiz.de/10011077064
We consider social efficiency of firm-entry in the presence of foreign competition. If the labour markets are competitive, entry is insufficient for the domestic country if the transportation cost is low and the marginal costs of the domestic firms are sufficiently higher than the marginal cost...
Persistent link: https://www.econbiz.de/10010664409
, consumer welfare and profits using a theoretical model augmented by numerical simulations. We find that the effects of market …
Persistent link: https://www.econbiz.de/10005656439
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
Despite the fact that many modern preferential trade agreements include commitments to foreign investors in imperfectly competitive services sectors, the literature has not established conditions under which these agreements are beneficial or harmful. The authors fill that void by developing a...
Persistent link: https://www.econbiz.de/10011386602
economics. The model shows that services liberalization yields welfare gains several multiples of the welfare gains obtained … from a constant to returns to scale model. Further, the welfare gains are supported by the econometric estimates of the … find that the projected welfare gains generated from liberalization of barriers against foreign direct investment are about …
Persistent link: https://www.econbiz.de/10014025285
We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the firm level. We use these data to study export market participation and the choice of export mode: cross-border versus foreign-affiliate sales. We find that for...
Persistent link: https://www.econbiz.de/10011083635