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Uncertainty, Flexible Exchange Rates, and Agglomeration

Ricci, Luca Antonio - 1998

This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms there. Empirical evidence on OECD countries demonstrates (1) that the negative...

Persistent link: https://www.econbiz.de/10014401846

Global firms, national corporate taxes : an evolution of incompatibility

Hebous, Shafik - 2020

How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...

Persistent link: https://www.econbiz.de/10012301968

At a cost : the real effects of transfer pricing regulations

Mooij, Ruud A. de; Liu, Li - 2018

Unilateral adoption of transfer pricing regulations may have a negative impact on real investment by multinational corporations (MNCs). This paper uses a quasi-experimental research design, exploiting unique panel data on domestic and multinational companies in 27 countries during 2006-2014, to...

Persistent link: https://www.econbiz.de/10012252761

International R and D Spillovers and Institutions

Hoffmaister, Alexander W. - 2008

The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...

Persistent link: https://www.econbiz.de/10014400689

Exchange Rate Regimes and Location

Ricci, Luca Antonio - 1997

This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, two-differentiated-goods monetary model, demand, supply, and monetary (as well as exchange rate) shocks arise after wages are...

Persistent link: https://www.econbiz.de/10014400417

Corruption, Structural Reforms, and Economic Performance in the Transition Economies

Abed, George T. - 2000

Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the … hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that … provides deeper insights into economic performance than do measures of “perceived corruption.” The hypothesis is tested by …

Persistent link: https://www.econbiz.de/10014399961

Can good governance lower financial intermediation costs?

Jarmuzek, Mariusz; Lybek, Tonny - 2018

This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...

Persistent link: https://www.econbiz.de/10011978660

Determinants and effects of countries' external capital structure : a firm-level analysis

Herman, Uroš; Krahnke, Tobias - 2022

In this paper, we investigate whether a firm's composition of foreign liabilities matters for their resilience during economic turmoil and examine which characteristics determine a firm's foreign capital structure. Using firm-level data, we corroborate previous findings from the (international)...

Persistent link: https://www.econbiz.de/10013170253

International taxation and Luxembourg's economy

Mooij, Ruud A. de; Prihardini, Dinar; Pflugbeil, Antje; … - 2020

Luxembourg receives ample investment from multinational corporations, in part due to some attractive features in its international tax rules. Around 95 percent of these foreign investments pass through Luxembourg via companies performing holding and/or intra-group financing activities. While...

Persistent link: https://www.econbiz.de/10012392656

Do FDI firms employ more workers than domestic firms for each dollar of assets?

Ando, Sakai; Wang, Mengxue - 2020

This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic firms tend to employ more workers per asset than FDI firms. The result remains...

Persistent link: https://www.econbiz.de/10012251327

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