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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
Indonesia’s business environment is discouraging entrepreneurship and holding back private-sector growth and development. Weaknesses in the regulatory framework, infrastructure bottlenecks and poor governance continue to weigh down on investment. Policies have been put in place to address...
Persistent link: https://www.econbiz.de/10012444614
investment (FDI) destination in the world after the USA. Over the past three decades, the manufacturing sector has dominated … China's FDI inflow, however, when manufacturing activity is bifurcated into low and high technology classes, it becomes … evident that China is in a transition stage moving from FDI in traditional low-tech activity to a high-tech manufacturing …
Persistent link: https://www.econbiz.de/10011117802
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Foreign direct investment (FDI) and trade are driving forces in agro-food global value chains (GVCs), allowing … companies to spread their activities across countries in complex production chains. This study explores the landscape of FDI in …-2017. The study finds that FDI plays an important role in driving participation in agro-food GVCs, underscoring the close …
Persistent link: https://www.econbiz.de/10012249041
We study capital controls on outflows (CCOs) in situations of macroeconomic and financial distress. We present novel empirical evidence indicating that CCO implementation is associated with crises and declines in GDP growth. We then develop a theoretical framework that is consistent with such...
Persistent link: https://www.econbiz.de/10015056204
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foreign direct investment (FDI) flows. However, divestments are quite common among the operations of MNEs. In order to derive … presence of MNEs and unemployment. The model is applied to the Spanish economy, where FDI inflows have surpassed divestments at …
Persistent link: https://www.econbiz.de/10010236842
This essay highlights the effects of radical transformations in the liberal characteristics of the regimes on foreign direct investors. To focus on the common patterns in the effects on foreign direct investment, of liberal vs. illiberal regime change, the essay spotlights the tale of two...
Persistent link: https://www.econbiz.de/10014576643
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