Showing 1 - 10 of 419
Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of industrial policies that have been biased in favour of large firms, and partly the result of an institutional setting where regulations and controls have facilitated investment...
Persistent link: https://www.econbiz.de/10005123621
Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...
Persistent link: https://www.econbiz.de/10005067607
many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … country’s export basket. The empirical analysis relates unit values of exports measured at the 4-digit SITC level to data on … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries …
Persistent link: https://www.econbiz.de/10008557016
I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...
Persistent link: https://www.econbiz.de/10009320400
The literature suggests that tax rates on mobile activities should fall to zero. Intellectual property is very mobile and has grown in importance. Firms can use intellectual property to shift income offshore and reduce their corporate income tax liability. Yet most intellectual property is held...
Persistent link: https://www.econbiz.de/10009644034
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 barriers on taxation, intra firm trade and profit...
Persistent link: https://www.econbiz.de/10005788992
During the past two decades many economies have opened their retail sector to foreign direct investment, yet little is known about possible implications of such liberalization on the economies of developing host countries. Using firm-level data from Romania, this study examines how the presence...
Persistent link: https://www.econbiz.de/10005791348
Many governments offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits. This paper begins by reviewing possible sources of spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports...
Persistent link: https://www.econbiz.de/10005791599
This Paper considers the incentives for foreign direct investment in transformation countries if actual expropriation is the possible result of a conflict between multinational firms and local or national governments. The Paper compares threats of complete expropriation and of repeated...
Persistent link: https://www.econbiz.de/10005791900
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …
Persistent link: https://www.econbiz.de/10005791956