This paper analyzes the effect of outbound foreign direct investment (FDI) on the domestic capital stock. The first … outbound FDI is consistent with the Feldstein-Horioka picture of segmented capital markets. It suggests that while portfolio …

structure, and the nature of rent distribution. The theory provides predictions for the probability that an industry or … occupation will be unionized, the proportion of that industry that will be unionized, and observed wage differentials within that … industry. It discusses the way that those values change in response to changes in the supply of labor, demand for labor, cost …

So long as the entry and exit of firms using the generic technology sets the price in an industry, one or more price … producers out of the industry and increase output as a wealth-maximizing monopolist, consumer welfare is surely increased. After …

of FDI flows), but only an ambiguous effect on the extensive margin (the likelihood of FDI flows to occur). The source … FDI flows the likelihood of such flows to occur. An increase in the source-country corporate tax rate reduces the … likelihood of FDI flows. These predictions are confronted with Data on FDI flows, drawn from the International Direct Investment …

The paper brings out the special mechanism through which taxes influence bilateral FDI, when investment decisions are … determining whether aggregate FDI flows will occur at all, and a different set of factors determimnig the volume of FDI flows … the direction and magnitude of FDI flows is too simple. We argue that the source country tax rate works primarely on the …