it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … sustain a relatively high investment rate, and examines the arguments that have been offered for an impending drastic …

, passive investment, and active investment of multinational firms, using high-quality administrative data on virtually all … multinational affiliates. Additionally, an ACE increases intra-group lending and other forms of passive investment but has no … effects on production investment of multinational affiliates. The findings indicate that a unilateral implementation of an ACE …

China's increased trade with and investment in Africa have boosted the continent's economic growth but have also … generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and … investment is small, though growing rapidly. China's attraction to resource-rich countries is no different from Western …

-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …

a recession: (i) the lobbying of domestic, non-exporting firms, and (ii) the relationship between vulnerability, the …

allowing for the possibility that policymakers also may be influenced by the rent-seeking (lobbying) behavior of businesses …

of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both … social planner. However, if lobbying is costly, only one sector finds it profitable to offer monetary contribution and direct … resources towards the type of education required by its production. Which sector will engage in lobbying depends on relative …

partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external …