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Persistent link: https://www.econbiz.de/10003497703
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...
Persistent link: https://www.econbiz.de/10003805989
significant negative effect on income per capita, especially in countries with bad rule of law or bad policies, but these results … natural capital) has a significant negative effect on income per capita even after controlling for geography, rule of law and … openness. These results are robust to using alternative measures of institutional quality (expropriation and corruption instead …
Persistent link: https://www.econbiz.de/10003969214
that arise along the way. Special attention is given to Norway, the world's third largest oil exporter, and the role of …
Persistent link: https://www.econbiz.de/10009010049
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 …
Persistent link: https://www.econbiz.de/10011397924
abundant natural capital tend to have (a) less trade and foreign investment, (b) more corruption, (c) less education, and (d …
Persistent link: https://www.econbiz.de/10011399567
Persistent link: https://www.econbiz.de/10010532475
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...
Persistent link: https://www.econbiz.de/10010374513
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10010256736
Education has been one of the key determinants of economic growth around the world since 1965. In this paper, we …
Persistent link: https://www.econbiz.de/10011506215