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Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment

Desai, Mihir A. - 2002

This paper considers the effect of taxation on the location of foreign direct investment (FDI) and taxable income reported by multinational firms with particular attention to the regional dynamics of tax competition and the role of chains of ownership. Confidential affiliate-level data are used...

Persistent link: https://www.econbiz.de/10012469485

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 ….S. multinationals in China. In this paper, we seek to correct four common misunderstandings by providing a statistical portrait of …

Persistent link: https://www.econbiz.de/10012465178

Institutions and Foreign Investment : China versus the World

Fan, Joseph P.H. - 2007

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

Persistent link: https://www.econbiz.de/10012465214

Report on the State of Available Data for the Study of International Trade and Foreign Direct Investment

Feenstra, Robert C. - 2010

This report, prepared for the Committee on Economic Statistics of the American Economic Association, examines the state of available data for the study of international trade and foreign direct investment. Data on values of imports and exports of goods are of high quality and coverage, but price...

Persistent link: https://www.econbiz.de/10012462401

Intellectual Property Rights, Imitation, and Foreign Direct Investment : Theory and Evidence

Branstetter, Lee - 2007

initial export episodes in response to reform. These results suggest that the expansion of multinational activity more than …

Persistent link: https://www.econbiz.de/10012465621

Multinational Firms, FDI Flows and Imperfect Capital Markets

Antràs, Pol - 2007

This paper examines how costly financial contracting and weak investor protection influence the cross-border operational, financing and investment decisions of firms. We develop a model in which product developers have a comparative advantage in monitoring the deployment of their technology...

Persistent link: https://www.econbiz.de/10012465801

Capital Structure with Risky Foreign Investment

Desai, Mihir A. - 2006

American multinational firms respond to politically risky environments by adjusting their capital structures abroad and at home. Foreign subsidiaries located in politically risky countries have significantly more debt than do other foreign affiliates of the same parent companies. American firms...

Persistent link: https://www.econbiz.de/10012466392

Foreign Direct Investment and Domestic Economic Activity

Desai, Mihir A. - 2005

How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly exhibit coincident rapid growth of domestic operations, but this pattern alone is inconclusive, as foreign and domestic business activities are jointly determined. This study uses...

Persistent link: https://www.econbiz.de/10012466955

Foreign Direct Investment and the Domestic Capital Stock

Desai, Mihir C. - 2005

This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment...

Persistent link: https://www.econbiz.de/10012467612

The Stock Market and Investment : Evidence from FDI Flows

Baker, Malcolm - 2004

Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market mispricing. We outline and test two mispricing-based theories of FDI. The cheap assets' or fire-sale theory views FDI inflows as the purchase of undervalued host country assets,...

Persistent link: https://www.econbiz.de/10012468134