Showing 1 - 10 of 102
Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future taxes and firms' inability to credibly exit a country...
Persistent link: https://www.econbiz.de/10012955744
Arctic oil extraction is inconsistent with the 2°C target. We study unilateral strategies by climate-concerned Arctic countries to deter extraction by others. Contradicting common theoretical assumptions about climate-change mitigation, our setting is one where countries may fundamentally...
Persistent link: https://www.econbiz.de/10012947525
direct investment (FDI) in a given host country is moderated significantly, and even in some cases eliminated, when MNEs have …
Persistent link: https://www.econbiz.de/10013131603
countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To … make this point we develop a model in which governments compete for FDI using corporate tax rates and tax bases. The model …
Persistent link: https://www.econbiz.de/10013119836
countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes … significant costs of investment. Using a new detailed data set of non-stationary sector-level outward FDI, this paper finds that … the volume of FDI by home market banks boosts FDI by non-financial firms from the same home market. Domestic and third …
Persistent link: https://www.econbiz.de/10013123798
We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China's investments in developed and developing countries are driven by different sets of factors. Subject to the differences between developed and developing countries, there is evidence that...
Persistent link: https://www.econbiz.de/10013095995
We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a …. Moreover, we show that a multinational sometimes locates its FDI in a DC where, although downstream competition is stronger … less developed, FDI is always welfare-enhancing …
Persistent link: https://www.econbiz.de/10013086408
Foreign direct investments (FDI) are an important determinant of economic growth. Countries try to attract mobile … capital in order to foster economic development, albeit FDI might increase regional inequality since the many different … regions of a country usually do not receive FDI in equal measure. A conflict emerges between efficiency and redistribution …
Persistent link: https://www.econbiz.de/10013089164
(GTD) we show a decrease in FDI as a consequence of terrorism. We also find evidence that FDI flows are more sensitive to … spill-over effects on FDI flows into neighboring countries and find evidence that cultural but not geographical closeness …
Persistent link: https://www.econbiz.de/10013089605
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as...
Persistent link: https://www.econbiz.de/10013092012