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We provide indirect empirical evidence of profit shifting behavior by multinational enterprises. This issue is analyzed in an econometric panel study for the years 1995 to 2005 and additionally in a cross-section for 2004 using a large micro database of European subsidiaries of multinationals...
Persistent link: https://www.econbiz.de/10010439357
segmented pharmaceutical market in Europe prior to the implementation of the Single Market Programme. The subsequent reduction …
Persistent link: https://www.econbiz.de/10003564238
This paper describes the determinants of FDI location among Italian provinces, focusing on the role of market potential (in terms of market access to Mediterranean and European countries) and institutions (presence of Mafia-type crime, corruption of public officers, inefficiency of the labour...
Persistent link: https://www.econbiz.de/10011514693
particular case of Europe, an area in which commercial and economic integration has gained remarkable momentum since 1992. More … technique – to circumvent time invariability and endogeneity – for intra Europe FDI and, separately, for FDI to the EU members … Europe. This effect is apparent for the intra-EU FDI and also for investment coming from countries outside the EU. Cost …
Persistent link: https://www.econbiz.de/10013106372
This paper aims at verifying the impact of fiscal variables in the multinational firms' localisation choices within the European Union Member States. In particular, the sensitivity of bilateral foreign direct investments towards EU member countries to the receiving country's fiscal...
Persistent link: https://www.econbiz.de/10012729488
We examine the determinants of FDI stocks of 'old' EU-members in ten accession countries. Our partial adjustment framework results in a dynamic panel data analysis. In addition to the traditional variables, such as market potential and unit labour costs, we find institutional development to be a...
Persistent link: https://www.econbiz.de/10012733579
Using a panel of corporate transactions in 27 EU countries from 1999 to 2012, we investigate the impact of the financial crisis on the market for corporate assets. In particular, we test the 'fire-sale FDI' hypothesis by analyzing the number of cross-border transactions, the price of corporate...
Persistent link: https://www.econbiz.de/10013056113
This paper studies the role of business sentiment in the decisions of multinational enterprises (MNEs) to undertake foreign direct investment (FDI) across European Union (EU) member states. Based on the knowledge-capital model, the study employs the Pseudo Poisson Maximum Likelihood (PPML)...
Persistent link: https://www.econbiz.de/10012589358
In this paper we propose a Bayesian estimation approach for a spatial autoregressive logit specification. Our approach relieson recent advances in Bayesian computing, making use of Pólya-Gamma sampling for Bayesian Markov-chain Monte Carlo algorithms.The proposed specification assumes that the...
Persistent link: https://www.econbiz.de/10012061923
Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of concurrent trade and investment liberalisation....
Persistent link: https://www.econbiz.de/10012001949