-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. …

between countries generates positive investment spillover, intra-firm production linkages predict negative spillover. Using … subsidiary-level data and exogenous corporate tax hikes, we find that local business units cut investment by 0.4% for a 1 …

investment is consumed close to its place of production, i.e. if the community has a high degree of self-consumption. Second, our …

purpose, we use a detailed numerical model for the energy markets in Europe and Russia - LIBEMOD. Our results suggest that … removing implicit subsidies to Russian gas consumers will have substantial impacts on total consumption of gas in Russia …

Decades of investment decisions by central planners left communist societies with structures of production ill …-market-shock structures of production. Tracking voting outcomes at the district level in Russia's presidential elections, we document …

We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …

multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …

Is investment constrained more by insecure property rights or by limited external finance? For five transition … startup ma nufacturing firms. Access to credit does not appear to explain differences in investment. At least in the early …