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Technology Capital and the U.S. Current Account
McGrattan, Ellen R. - 2010
The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...
Persistent link: https://www.econbiz.de/10012759325
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Host-Country Financial Development and Multinational Activity
Bilir, Kamran - 2014
This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...
Persistent link: https://www.econbiz.de/10013055496
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Modest, Secure and Informed : Successful Development in Conflict Zones
Berman, Eli - 2013
Most interpretations of prevalent counterinsurgency theory imply that increasing government services will reduce rebel violence. Empirically, however, development programs and economic activity sometimes yield increased violence. Using new panel data on development spending in Iraq, we show that...
Persistent link: https://www.econbiz.de/10013087067
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Insurgent Learning
Trebbi, Francesco - 2017
We study a model of insurgent learning during a counterinsurgency campaign. We test empirical implications of the model using newly declassified microdata documenting improvised explosive devices (IEDs) in Afghanistan from 2006 to 2014. This period was characterized by substantial US investments...
Persistent link: https://www.econbiz.de/10012954919
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The Effects of U.S. Tax Policy on the Income Repatriation Patterns of U.S. Multinational Corporations
Altshuler, Rosanne - 2011
U.S. corporations owe taxes to the U.S. Treasury on income earned both inside and outside American borders. This paper …
Persistent link: https://www.econbiz.de/10013128014
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Coups, Corporations, and Classified Information
Dube, Arindrajit - 2011
We estimate the impact of coups and top-secret coup authorizations on asset prices of partially nationalized multinational companies that stood to benefit from US-backed coups. Stock returns of highly exposed firms reacted to coup authorizations classified as top-secret. The average cumulative...
Persistent link: https://www.econbiz.de/10013127017
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How Would EU Corporate Tax Reform Affect Us Investment in Europe?
Devereux, Michael P. - 2011
This paper examines the likely impact of a proposed formula apportionment system for corporation tax in the EU on the inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US multinationals and investigate whether effective tax...
Persistent link: https://www.econbiz.de/10013118758
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Facts and Fallacies About U.S. FDI in China
Branstetter, Lee - 2007
Despite the rapid expansion of U.S.-China trade ties, the increase in U.S. FDI in China, and the expanding amount of economic research exploring these developments, a number of misconceptions distort the popular understanding of U.S. multinationals in China. In this paper, we seek to correct...
Persistent link: https://www.econbiz.de/10012775878
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Foreign Direct Investment in a World of Multiple Taxes
Desai, Mihir A.; Hines Jr., James R. - 2022
character of foreign direct investment by American multinational firms. Indirect tax burdens significantly exceed foreign income … to be partly attributable to the inability of American investors to claim foreign tax credits for indirect tax payments …. Estimates imply that 10 percent higher indirect tax rates are associated with 9.2 percent lower reported income of American …
Persistent link: https://www.econbiz.de/10014126301
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Firm Exports and Multinational Activity Under Credit Constraints
Manova, Kalina - 2011
This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint ventures have better export performance than private...
Persistent link: https://www.econbiz.de/10013127980