Bellak, Christian; Leibrecht, Markus; Römisch, Roman - HWWA Institut für Wirtschaftsforschung - 2005
In this note we show that tax-rate elasticities of Foreign Direct Investment (FDI) to Central and East European Countries (CEECs) derived from statutory corporate income tax rates (STRs) are likely to be flawed. From a conceptual point of view STRs are problematic as they neither capture tax...
