knowledge spillovers are unmeasurable, a 'goodness of fit' measure is constructed using innovation survey data. It turns out … measures constructed from innovation survey data appear to work reasonably well while measures of the Euclidean technological …

domain is associated with overprecise behavior in the political domain, and vice versa. In a companion survey that elicits …

cross-border location decisions. In accordance with Devereux and Griffith (1998) we find that the marginal tax rate has no … predictive power for location decisions whereas effective average and statutory tax rates exert significant effects. In … particular, the statutory tax rate has strong predictive power for the likelihood of direct investment holdings at a location …

location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and … M&A investments. Based on a novel firm-level dataset on German outbound FDI, we find evidence that location decisions of … M&A investments are less sensitive to differences in tax rates than location decisions of Greenfield investments …