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Understanding PRC investment statistics
Holz, Carsten A. - 2020
Investment statistics of the People's Republic of China are a source of many puzzles. Some investment data are of …
Persistent link: https://www.econbiz.de/10012165950
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The changing patterns of investment in the PRC economy
Holz, Carsten A. - 2017
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …
Persistent link: https://www.econbiz.de/10011657882
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China's investment rate : implications and prospects
Holz, Carsten A. - 2017
For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …
Persistent link: https://www.econbiz.de/10011659322
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On the time-varying impact of China's bilateral political relations on its trading partners (1960-2022)
Afonso, António; Mignon, Valérie; Saadaoui, Jamel - 2023
We assess the impact of China's bilateral political relations with three main trading partners-the US, Germany, and the … approach with time-varying Granger causality tests, we find that political relationships with China strongly matter in …
Persistent link: https://www.econbiz.de/10014443830
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Barriers to global capital allocation
Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...
Persistent link: https://www.econbiz.de/10012514947
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Competition for natural resources and the hold-up problem
Hefeker, Carsten; Kessing, Sebastian - 2016
We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to the provision of local resources. In the case of...
Persistent link: https://www.econbiz.de/10011547727
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A simple explanation for the unfavorable tax treatment of investment costs
Panteghini, Paolo (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364834
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Trade and investment in the global economy
Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2017
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and technology capital in transition to the steady state....
Persistent link: https://www.econbiz.de/10011718208
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Profit shifting and investment effects : the implications of zero-taxable profits
Köthenbürger, Marko; Mardan, Mohammed; Stimmelmayr, … - 2018
Recent empirical research documents a tendency of affiliates of multinational enterprises to bunch around zero reported profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit shifting to a low-tax country as well as a loss-related,...
Persistent link: https://www.econbiz.de/10011794726
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How do corporate tax hikes affect investment allocation within multinationals?
De Vito, Antonio; Jacob, Martin; Schindler, Dirk; Xu, … - 2023
This paper studies how corporate tax hikes transmit across countries through multinationals' internal networks of subsidiaries. We build a parsimonious multicountry model to underscore two opposing spillover effects: While tax competition between countries generates positive investment...
Persistent link: https://www.econbiz.de/10013540885