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While politically attractive in order to generate tax revenues, the effects of a financial transaction tax (FTT) are … provide experimental evidence on the different effects of a FTT, depending on whether it is implemented as a tax on markets …, on residents, or a combination of both. We find that the effects of a tax on markets are different from a tax on …
Persistent link: https://www.econbiz.de/10010250083
This paper looks at the trade off between investment incentives and exit costs for the location of foreign direct investment (FDI). This issue does not appear to have been tackled in much detail in the literature. The analysis considers the effect of profit taxation (as a measure of investment...
Persistent link: https://www.econbiz.de/10011415359
We investigate whether firms' "global engagement", either in the form of exporting or opening up affiliates abroad, is related to the change in their management performance. Using new and unique data from a recent large scale firm survey of management practices in Germany, we calculate...
Persistent link: https://www.econbiz.de/10011636585
-tech sectors in their international portfolio allocations but overinvest in high-tech stocks in developed countries. To further …
Persistent link: https://www.econbiz.de/10012178659
This paper reviews a growing literature on migration and globalization, focusing on its relevance for developing and emerging economies. It documents the role of diaspora networks in enhancing cross-border flows of goods, capital, and knowledge, eventually contributing to efficient...
Persistent link: https://www.econbiz.de/10011518125
In an attempt to verify the pollution haven hypothesis, this study investigates the impact of environmental regulations on foreign direct investment (FDI). We use Korean outward FDI data covering the manufacturing sector for 2009-15. The study not only considers the stringency but also the...
Persistent link: https://www.econbiz.de/10011704340
Persistent link: https://www.econbiz.de/10001830017
Globalization is not only about the rise of trade, FDI, and migration. It is also about the changing linkages among these flows. The main findings of the paper can be summarized as follows. First, at least in the nineties, import trade liberalization fostered not only trade but also inward...
Persistent link: https://www.econbiz.de/10002501874
How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a … diversification. -- Economic growth and international trade ; Heckscher-Ohlin ; multiple cones of diversification ; marginal product …
Persistent link: https://www.econbiz.de/10003933636
The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...
Persistent link: https://www.econbiz.de/10009787347