Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a … model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …

and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

associated with foreign investment. I develop a quantifiable multi-country general equilibrium model, which tractably handles … multinational firms that engage in export platform sales and that face fixed costs of foreign investment. I first estimate the model … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for …

,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars …

formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that … that the growth and increasing globalization of these economies might indeed have been 'finance-led.' …

In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of … investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger … a discrete change in the terms of trade. Such a shift creates a sizeable boost in aggregate investment. But trade …

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …