intangible capital investment can charge high markups relative to other firms whereas firms that fail will exit. However, these … markups and profit shares in a panel of Swedish industries. There is evidence of a positive relationship between intangible …

equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit …-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In …

investment function are estimated econometrically. The ARDL-based approach proposed by Pesaran et al. (2001) is argued to be … been declining while profit rates have shown a tendency to rise. We concentrate on one potential explanation of this …