The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …

restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …

tax havens and the world's other countries, we estimate that close to 40% of multinational profits are shifted to low …

thereby stimulate economic activity. Major tax havens have less than one percent of the world's population (outside the United … States), and 2.3 percent of world GDP, but host 5.7 percent of the foreign employment and 8.4 percent of foreign property ….3 percent between 1982 and 1999, which compares favorably to the world average of 1.4 percent. Tax haven governments appear to …

Assessing the productivity gains from multinational production has been a vital topic of economic research. Positive … aggregate productivity gains are often attributed to within-firm productivity improvement; however, an alternative, less … in determining the aggregate productivity gains by exploring their distinct predictions on the distributions of domestic …

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …