Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

In the last two decades, many western European textiles and clothing companies have moved their manufacturing activities to low-cost countries in Eastern Europe or to non-European countries (e.g. India, China), resulting in a decline in sectoral employment. This report examines the main factors...

This report aims to provide an overview of the factors influencing the location strategies of companies within the European transport sector, including a description of different internal and external expansion strategies chosen by companies. The literature on location decisions of transport...