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Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income level. This relationship is similar to that found for...
Persistent link: https://www.econbiz.de/10012778835
Swedish firms acquired by foreigners were considerably larger than the average firms in their industries. They were relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively low profitability, capital intensity, or...
Persistent link: https://www.econbiz.de/10012786214
We compare the relation between foreign affiliate production and parent employment in U.S. manufacturing multinationals with that in Swedish firms. U.S. multinationals appear to have allocated some of their more labor intensive operations selling in world markets to affiliates in developing...
Persistent link: https://www.econbiz.de/10013223324
Internationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry,' including manufacturing, trade,...
Persistent link: https://www.econbiz.de/10013238944
This paper examines two broad issues related to foreign investment by Swedish multinationals: first the effects of … outward foreign direct investment on domestic investment, exports, and employment, and second, the effects on the domestic …
Persistent link: https://www.econbiz.de/10013243443
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 …
Persistent link: https://www.econbiz.de/10013322112
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 …
Persistent link: https://www.econbiz.de/10012992631
This paper considers the effect of taxation on the location of foreign direct investment (FDI) and taxable income … ownership. Confidential affiliate-level data are used to compare the investment and income-reporting behavior of American …
Persistent link: https://www.econbiz.de/10013239947
In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a very large expansions in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the first...
Persistent link: https://www.econbiz.de/10013217936
In 1990, the government of Sweden introduced a major tax reform to take effect in 1991. The Swedish system prior to the … for investment in equipment and find that the responsiveness of Swedish firms to the user cost is quite similar to that … impact of the reform on investment is likely to have been minor and had little to do with the contemporaneous sharp drop in …
Persistent link: https://www.econbiz.de/10013213426