This paper presents a new approach to estimating the existence and magnitude of taxmotivated income shifting within multinational corporations. Existing studies of income shifting use changes in corporate tax rates as a source of identification. In contrast, this paper exploits exogenous...

This paper offers a critical review of current debates on the importance and the potential of ICT for modern cities. Much attention is given to the opportunities offered by local egovernance, as a systematic strategy to exploit the potential of ICT for the public domain in European cities. Since...

In the age of migration, many developed countries face an increasing heterogeneity of their residents. Migrant flows often lead to political discussion about the impact of migrants on labour markets, economic growth, and urban agglomeration processes, and consequently many of these causalities...

Creative capacity in the field of regional sciences means the capability of any region to generate knowledge and thus to achieve innovation and the diffusion of the output of the innovative activity while obtaining the viability and sustainability of this process. Although creative capacity...

In many countries, rural areas have shown a new spatial-economic dynamics that has meant a contrast with the traditional urban-rural dichotomy. In particular, the need to use economicecological sustainability as a guiding principle for new rural development is a prominent feature. But how will...

Intangible assets are one major source of profit shifting opportunities due to a highly intransparent transfer pricing process. Our paper argues that multinational enterprises (MNEs) optimize their profit shifting strategy by locating shifting-relevant intangible property at affiliates with a...

Intangible assets, like patents and trademarks, are increasingly seen as the key to competitive success and as the drivers of corporate profit. Moreover, they constitute a major source of profit shifting opportunities in multinational enterprises (MNEs) due to a highly intransparent transfer...

Using a large panel data set for European firms, this paper provides evidence that operations at multinational headquarters are significantly more profitable than perations at their foreign subsidiaries. The effect turns out to be robust and quantitatively large. Our findings suggest that the...