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The use of tax havens by multinational corporations (MNCs) has attracted increasing attention and scrutiny in recent years. This paper provides an exposition of the academic literature on this topic. It begins with an overview of the basic facts regarding MNCs' use of havens, which are...
Persistent link: https://www.econbiz.de/10012834357
This paper explores empirically whether and how FDI is affected if multinationals’ home countries change taxation of foreign earnings by switching from worldwide to territorial taxation. Our analysis employs data for German inbound FDI based on the ultimate investing country concept. We use a...
Persistent link: https://www.econbiz.de/10012892126
This paper shows that Investor-State Dispute Settlements (ISDS) makes multinational firms more aggressive by increasing cost-reducing investments with the aim to enlarge the potential compensation an ISDS provision may offer. While a larger investment reduces the market distortion, it will also...
Persistent link: https://www.econbiz.de/10012823148
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Did multinational production (MP) exacerbate or mitigate the collapse of international trade during the Great Recession …? What role did MP and trade links play in propagating economic shocks across countries? I resolve the “Multinationals … percentage of GDP at the global level. To understand the sources of MP and trade collapse, I build a model of MP, trade, and …
Persistent link: https://www.econbiz.de/10014358332
This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the … gravity models are estimated using a dataset of unbalanced panel data that combines bilateral trade flows among 29 countries … and the distribution of outward FDI stocks among these countries. The results reveal a complementarity between trade and …
Persistent link: https://www.econbiz.de/10013316812
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benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …
Persistent link: https://www.econbiz.de/10013226659
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