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Offshore Profit Shifting and Domestic Productivity Measurement
Guvenen, Fatih - 2017
Beginning in 2004, official statistics display a slowdown in U.S. productivity growth. We show how offshore profit shifting by U.S. multinational enterprises affects GDP and, thus, productivity measurement. Profit shifting increased in the mid- 1990s, resulting in lower measured productivity...
Persistent link: https://www.econbiz.de/10012958592
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Ferreting Out Tunneling : An Application to Indian Business Groups
Bertrand, Marianne - 2010
In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature....
Persistent link: https://www.econbiz.de/10012763282
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Externalities in International Tax Enforcement : Theory and Evidence
Tørsløv, Thomas; Wier, Ludvig; Zucman, Gabriel - 2022
We show that the fiscal authorities of high-tax countries can lack the incentives to combat profit shifting to tax havens. Instead, they have incentives to focus their enforcement efforts on relocating profits booked by multinationals in other high-tax countries, crowding out the enforcement on...
Persistent link: https://www.econbiz.de/10013309809
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Profit Shifting and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle; Staiger, Robert W. - 2021
When markets are imperfectly competitive, trade policies can alter the terms of trade, shift profits from one country to another, and moderate or exacerbate existing distortions that are associated with the presence of monopoly power. In light of the various ways in which trade policies may...
Persistent link: https://www.econbiz.de/10013311655
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When Fast Growing Economies Slow Down : International Evidence and Implications for China
Eichengreen, Barry - 2011
, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns …
Persistent link: https://www.econbiz.de/10013127765
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The Promise of Beijing : Evaluating the Impact of the 2008 Olympic Games on Air Quality
Chen, Yuyu - 2011
To prepare for the 2008 Olympic Games, China adopted a number of radical measures to improve air quality. Using …
Persistent link: https://www.econbiz.de/10013127978
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Firm Exports and Multinational Activity Under Credit Constraints
Manova, Kalina - 2011
sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint …
Persistent link: https://www.econbiz.de/10013127980
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Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
Deng, Yongheng - 2011
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10013128599
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Demographic Patterns and Household Saving in China
Curtis, Chadwick - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …
Persistent link: https://www.econbiz.de/10013129127
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A Darwinian Perspective on "Exchange Rate Undervaluation"
Du, Qingyuan - 2011
biological desire for a marriage partner is strong. Empirically, we show that within China, those regions with a faster increase …
Persistent link: https://www.econbiz.de/10013130254