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Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …
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This paper analyses the national tax treatment of interestexpenditures of multinational enterprises in a non-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational firms. In contrast to the existingliterature on the...
Persistent link: https://www.econbiz.de/10011303290
Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...
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This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
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This paper presents results of a meta-regression analysis on empirical estimates of capital-energy substitution. Theoretically it is clear that a distinction should be made between Morishima substitution elasticities and cross-price elasticities. The former represent purely technical...
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simultaneity bias in productivity estimates through semi-parametric techniques, we find that changes in domestic firms’ TFP are … positively related to the first foreign investment in a specific industry and region, but get significantly weaker and become …
Persistent link: https://www.econbiz.de/10011346463