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Technology, Agglomeration, and Regional Competition for Investment
Blonigen, Bruce A.; Kolpin, Van - 2021
competition for firm location through a wide variety of incentives seems to have escalated to new heights in recent years. We … develop a model that explores technology development by firms that face regional competition for their investment and examine … find that regional competition leads firms to inefficiently distort their research and development efforts in hopes of …
Persistent link: https://www.econbiz.de/10013238936
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Costly Pollution Abatement, Competitiveness, and Plant Location Decisions
Markusen, James R. - 2021
The US-Mexico free-trade debate included some theoretical assertions that were then used as arguments against trade and investment liberalization. (1) Trade liberalization increases the degree to which production is internationally relocated in response to environmental restrictions...
Persistent link: https://www.econbiz.de/10013220935
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Grossman-Hart (1986) Goes Global : Incomplete Contracts, Property Rights, and the International Organization of Production
Antras, Pol - 2011
implementation of the theory in open-economy environments and its implications for the international organization of production and … property-rights theory. Along the way, I develop novel theoretical results and also outline some of the key limitations of …
Persistent link: https://www.econbiz.de/10013119953
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Estimating the Knowledge-Capital Model of the Multinational Enterprise
Carr, David L.; Markusen, James R.; Maskus, Keith E. - 2021
What we term the firm includes three principal assumptions. First, services of knowledge-based and knowledge-generating activities, such as R&D, can be geographically separated from production and supplied to production facilities at low cost. Second, these knowledge-intensive activities are...
Persistent link: https://www.econbiz.de/10013220792
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Estimating the Knowledge-Capital Model of the Multinational Enterprise : Comment
Blonigen, Bruce A.; Davies, Ronald B.; Head, Keith - 2022
A recent American Economic Review article by David L. Carr, James R. Markusen, and Keith E. Maskus (CMM) estimates a regression specification based upon the 'knowledge-capital' model of the Multinational Enterprise (MNE). The knowledge-capital model combines 'horizontal' motivations for FDI --...
Persistent link: https://www.econbiz.de/10013313318
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Manufacturing Plant Location : Does State Pollution Regulation Matter?
Gray, Wayne B. - 2021
This paper tests whether differences across states in pollution regulation affect the location of manufacturing activity in the U.S. Plant-level data from the Census Bureau's Longitudinal Research Database is used to identify new plant births in each state over the 1963-1987 period. This is...
Persistent link: https://www.econbiz.de/10013218096
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The Competition between Competition Rules
Sinn, Hans-Werner - 2021
Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …
Persistent link: https://www.econbiz.de/10013227744
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From Russia with Love : The Impact of Relocated Firms on Incumbent Survival
Falck, Oliver - 2014
effects are due to increased competition for local resources …
Persistent link: https://www.econbiz.de/10013069687
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The Impact of Headquarter and Subsidiary Locations on Multinationals' Effective Tax Rates
Markle, Kevin - 2013
We examine effective tax rates (ETRs) for 9,022 multinationals from 87 countries from 2006 to 2011. We find that, despite extensive investments in international tax avoidance, multinationals headquartered in Japan, the U.S., and some high-tax European countries continue to face substantially...
Persistent link: https://www.econbiz.de/10013073195
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Exporting Pollution : Where Do Multinational Firms Emit Co<Sub>2</Sub>?
Ben-David, Itzhak - 2018
Despite widespread awareness of the detrimental impact of CO<sub>2</sub> pollution on the world climate, countries vary widely in how they design and enforce environmental laws. Using novel microdata about multinational firms' CO<sub>2</sub> emissions across countries, we document that firms headquartered in...
Persistent link: https://www.econbiz.de/10012909911