Showing 1 - 10 of 486
We study Japanese investments between 1980 and 1992 to assess the effectiveness of state promotion efforts in light of strong agglomeration economies in Japanese investment. Two policy variables are consistently shown to influence the location of investment - foreign trade zones and labor...
Persistent link: https://www.econbiz.de/10012774874
This paper investigates the divisional investment policies of diversified firms. We find that investment of the smallest division of diversified firms is significantly related to the cash flow of the other segments. We then show that the smallest division's investment is more sensitive to the...
Persistent link: https://www.econbiz.de/10012774975
Promotion of inward foreign direct investment (FDI) into Japan has been an important policy in the Abenomics growth … bilateral FDIs using data for 35 OECD countries as destination countries. In estimating the model, we handle zero values for FDI … stock explicitly. We take the model prediction as a reasonable counterfactual and compare that to the actual inward FDI …
Persistent link: https://www.econbiz.de/10012889971
We explore the impact of bilateral tax treaties on foreign direct investment using data from OECD countries over the period 1982-1992. We find that recent treaty formation does not promote new investment, contrary to the common expectation. For certain specifications we find that treaty...
Persistent link: https://www.econbiz.de/10013246259
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …
Persistent link: https://www.econbiz.de/10013063404
is that the strongest theoretical motive for financial subsidies to inward FDI spillovers of foreign technology and …
Persistent link: https://www.econbiz.de/10013312468
The treatment of foreign investors is a contentious topic in U.S. entrepreneurship policy. We model a setting where foreign corporate investments in Silicon Valley may allow U.S. entrepreneurs to pursue technologies that they could not otherwise, but may also lead to knowledge spillovers. We...
Persistent link: https://www.econbiz.de/10013404678
Bilateral tax treaties (BTT) are intended to promote foreign direct investment and foreign affiliate activity through double taxation relief. However, BTTs also typically contain provisions that facilitate sharing of tax information between countries intended to curtail tax avoidance by...
Persistent link: https://www.econbiz.de/10013119782
The American Jobs Creation Act (AJCA) significantly lowered US firms' tax cost when accessing their unrepatriated foreign earnings. Using this temporary shock to the cost of internal financing, we examine the role of capital constraints in firms' investment decisions. Controlling for the...
Persistent link: https://www.econbiz.de/10013070867
FDI. Our findings are consistent with multinational subsidiaries being less liquidity constrained because they can tap … additional funding from their parent company and/or access foreign capital markets. More broadly, they suggest that FDI can …
Persistent link: https://www.econbiz.de/10013127980