Shell’s landmark ruling ordered to reduce the CO 2 emissions to the Shell group by a net 45% by 2030, compared to 2019 levels. In this paper, we analyze the effects of extending Shell's sentence to all the foreign affiliates of multinational enterprises and find that it would result in a 2.85...

Shell’s landmark ruling ordered to reduce the CO 2 emissions to the Shell group by a net 45% by 2030, compared to 2019 levels. If this Shell’s sentence were extended to all the foreign affiliates of multinational enterprises, it would result in a 2.85 GtCO 2 reduction in global emissions....

Recent initiatives to hold back cross-border mergers and acquisitions for ‘strategic’ reasons have made headline news. We discuss whether the initiatives may mark the start of a new protectionist era. We argue that standard globalization indicators show no such signs. However, an increasing...

This paper assesses the impact of corporate taxation on multinational activity. A numerically solvable general equilibrium model of trade and multinational firms is used to incorporate the following components of corporate taxation: parent and host country statutory corporate tax rates,...