Showing 1 - 10 of 64
We examine the economic justification for providing investment subsidies to foreign-owned multinationals. These provide … returns to scale. Offering subsidies to multinationals may be in the national interest if the investment raises the net value …, countries may compete to attract investment. This subsidy competition transfers much of the rents to the multinationals. …
Persistent link: https://www.econbiz.de/10005666536
exercising a stronger effect in most quantiles. Such distinct FDI effects stress the importance of policy modifications according …
Persistent link: https://www.econbiz.de/10005791197
We quantify the causal effect of foreign investment on total factor productivity (tfp) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling...
Persistent link: https://www.econbiz.de/10011084518
governments to conduct independent fiscal policies and to enforce income redistribution schemes. Controlling for country …
Persistent link: https://www.econbiz.de/10005792182
"Race-to-the-bottom" deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is...
Persistent link: https://www.econbiz.de/10011084628
How does outward foreign direct investment (FDI) affect employment growth of the multinationals (MNCs) in the home … country? Does the impact of outward investment differ by the level of development of the destination country of the FDI? Using …
Persistent link: https://www.econbiz.de/10005666505
The rising importance of multinationals in the world economy has been accompanied by a rise in trade between affiliates … of multinationals located in different countries, and by profits being shifted to low tax countries. The effect of trade …
Persistent link: https://www.econbiz.de/10005788992
Classic trade questions are reconsidered by generalizing a factor-proportions model to multiple countries, multi-stage production, and country-specific trade costs. We derive patterns of production specialization and trade for a matrix of countries that differ in relative endowments (columns)...
Persistent link: https://www.econbiz.de/10005791871
impacts result from acquisitions by EU multinationals. Also we discern some positive wage effects for unskilled workers … resulting from acquisitions by multinationals from the rest of the world. …
Persistent link: https://www.econbiz.de/10005792199
Foreign-owned firms are often hypothesized to generate productivity “spillovers” to the host country, but both theoretical micro-foundations and empirical evidence for this are limited. We develop a heterogeneous-firm model in which ex-ante identical workers learn from their employers in...
Persistent link: https://www.econbiz.de/10005792490