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Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
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that arise along the way. Special attention is given to Norway, the world's third largest oil exporter, and the role of …
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Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
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This essay reviews the relationship between natural-resource abundance and economic growth around the world, and … protection, corruption, and income inequality. The cross-sectional data show, moreover, that the share of the primary sector in …
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