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Think Global, Act Local! A Mechanism for Global Commons and Mobile Firms
Ahlvik, Lassi - 2019
It is tricky to design local regulations on global externalities, especially so if firms are mobile. We show that when costs and outside options are firms’ private information, the threat of firm relocation leads to local regulations that are stricter, not looser. This result is general and...
Persistent link: https://www.econbiz.de/10012871745
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Globally Engaged Firms in the COVID-19 Crisis
Constantinescu, Cristina; Fernandes, Ana M.; Poupakis, … - 2022
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013291442
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Technology Transfer in Global Value Chains
Sampson, Thomas - 2022
Firm-to-firm relationships in global value chains create opportunities for North-South technology diffusion. This paper … studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly … imitation of its supplier’s technology. In inclusive value chains, where imitation is beneficial, the headquarters firm promotes …
Persistent link: https://www.econbiz.de/10013307214
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Multinational Production and Global Shock Propagation During the Great Recession
Li, Haishi - 2023
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’ Resilience Puzzle” during the Great Recession by...
Persistent link: https://www.econbiz.de/10014358332
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Local Global Watchdogs : Trade, Sourcing and the Internationalization of Social Activism
Koenig, Pamina; Krautheim, Sebastian; Löhnert, Claudius; … - 2021
feature of economic globalization. What determines the patterns of the internationalization of NGO campaigns? Stylized facts …
Persistent link: https://www.econbiz.de/10013228853
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Technology Lock-In and Optimal Carbon Pricing
Hawkins, Jonathan; H. Wagner, Katherine R. - 2022
explain the effects of entry-year electricity prices on subsequent energy intensity. We discuss how this “technology lock …
Persistent link: https://www.econbiz.de/10014083318
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Do Multinational Firms Use Tax Havens to the Detriment of Other Countries?
Dharmapala, Dhammika - 2020
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
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The Structure of Multinational Firms' International Activities
Davies, Ronald B. - 2020
The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...
Persistent link: https://www.econbiz.de/10012839765
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Lifestyle Taxes in the Presence of Profit Shifting
Levaggi, Rosella - 2020
Non-communicable diseases (NCDs) cause about 71% of all deaths globally and a considerable increase in health care costs. To tackle this problem, several Governments have designed "sin taxes", i.e, extra payments related to the quantity of unhealthy contents of specific goods. However, unhealthy...
Persistent link: https://www.econbiz.de/10012839851
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Corporate Acquisitions and Firm-Level Uncertainty : Domestic versus Cross-Border Deals
Bai, Ye - 2020
This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...
Persistent link: https://www.econbiz.de/10012841927