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No Place Like Home : Tax Incentives and the Location of R&D by American Multinationals
Hines, James R, Jr - 1993
This paper analyzes the effects of the U.S. tax treatment of the R&D activities of American multinationals. Recent evidence indicates that the level of R&D spending is highly sensitive to its after-tax cost. The U.S. Tax Reform Act of 1986 reduced the tax deductions that many American firms can...
Persistent link: https://www.econbiz.de/10012474366
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Margins of Multinational Labor Substitution
Muendler, Marc-Andreas - 2009
Employment at multinational enterprises (MNEs) responds to wages at the extensive margin, when an MNE enters a foreign location, and at the intensive margin, when an MNE operates existing affiliates. We present an MNE model and conditions for parametric and nonparametric identification. Prior...
Persistent link: https://www.econbiz.de/10012463871
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Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States
Branstetter, Lee - 2000
directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct … investments in the United States. Using an original firm-level data set on Japanese firms' FDI and innovative activity find … evidence that FDI increases the flow of knowledge spillovers both from and to the investing Japanese firms …
Persistent link: https://www.econbiz.de/10012470716
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Troubled Banks, Impaired Foreign Direct Investment : The Role of Relative Access to Credit
Klein, Michael - 2000
: the continued decline in Japanese FDI during a period of stable stock prices and a rapidly appreciating yen. However, when … are able to show that unequal access to credit by Japanese firms can explain the FDI puzzle in the 1990s. We utilize a … unique data set that links individual Japanese firms engaged in FDI to their main banks. Using both bank-level and firm …
Persistent link: https://www.econbiz.de/10012470898
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Combinatorial Discrete Choice : A Quantitative Model of Multinational Location Decisions
Arkolakis, Costas; Eckert, Fabian; Shi, Rowan - National Bureau of Economic Research - 2023
We introduce a general quantifiable framework to study the location decisions of multinational firms. In the model, firms choose in which locations to pay the fixed costs of setting up production, taking into account potential complementarities among production locations. The firm's location...
Persistent link: https://www.econbiz.de/10014437008
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Characteristics of U.S. Manufacturing Companies Investing Abroad and their Choice of Production Locations
Lipsey, Robert E. - 1983
The purpose of this paper is to examine the relations among characteristics of U.S. firms, their tendency to invest abroad, and their choice of production locations. The larger the firm, and the higher its profitability, capital intensity, technological Intensity, and the skill level ofits labor...
Persistent link: https://www.econbiz.de/10012477998
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The Global Agglomeration of Multinational Firms
Alfaro, Laura - 2009
The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...
Persistent link: https://www.econbiz.de/10012463073
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Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment
Desai, Mihir A. - 2002
This paper considers the effect of taxation on the location of foreign direct investment (FDI) and taxable income reported by multinational firms with particular attention to the regional dynamics of tax competition and the role of chains of ownership. Confidential affiliate-level data are used...
Persistent link: https://www.econbiz.de/10012469485
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Foreign Direct Investment, Global Value Chains, and Labor Rights : No Race-to-the-Bottom?
Im, Hye-jun; McLaren, John - National Bureau of Economic Research - 2023
In a stylized model of multinational firms choosing host locations for their global value chains, host-country governments choose the strength of collective-bargaining rights that allow their workers to receive a share of the resulting quasi-rents. Each government must trade off the direct...
Persistent link: https://www.econbiz.de/10014322751
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Climate Risks and FDI
Gu, Grace Weishi; Hale, Galina - National Bureau of Economic Research - 2022
Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their...
Persistent link: https://www.econbiz.de/10013388808