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-collected comprehensive database of intangible assets. The presence of intangibles changes the accounting and economic measures of q. We show … intangible intensity. We estimate our model using temporary investment tax incentive policies in the United States in the early … 2000s. When the q-model accounts for intangible assets, the estimated investment elasticity to tax incentives is generally …
Persistent link: https://www.econbiz.de/10011142115
This paper identifies tax factors in 21 developing countries that have an impact on foreign direct investment flows. It … for further possibilities in tax reform for attracting foreign investment. The paper also addresses nontax factors that … can be instrumental in attracting foreign investment. …
Persistent link: https://www.econbiz.de/10005263965
Investment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been … trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic … investors have been less prominent. This may be one reason why such high investment has delivered Caribbean growth rates below …
Persistent link: https://www.econbiz.de/10005264172
This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with … importance of fiscal incentives, the business/investment climate, labor costs, and openness. …
Persistent link: https://www.econbiz.de/10005769019
This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign … direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than …
Persistent link: https://www.econbiz.de/10005769030
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted … IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available … estimation technique can have a highly significant impact on the international investment position, pointing to the need for …
Persistent link: https://www.econbiz.de/10008497603
This paper studies the detrimental effect of sudden stops on the growth of Thai firms' fixed assets. We focus on the fixed assets adjustment that firms undertake at times of financial constraints. We derive our results from balance sheet data for 284 nonfinancial Thai listed firms. Our data...
Persistent link: https://www.econbiz.de/10005604820
over the medium-term. At the same time, a changing global landscape calls for a shift in export-oriented investment toward … new markets and a new generation of products, as well as increased investment by domestically-oriented firms. What …-term growth? Using disaggregated data, this paper investigates the determinants of investment and R&D spending by Japanese firms …
Persistent link: https://www.econbiz.de/10008777031
This paper reviews Australian banks’ performance from an international perspective, with a focus on changes in capital and liquidity risk. The paper analyses the extent of any vulnerability that might arise from a potential deterioration in the funding markets and discusses whether...
Persistent link: https://www.econbiz.de/10008680278
I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that firms with a higher share of intangible assets in total...
Persistent link: https://www.econbiz.de/10011142148