This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct … investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian … externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these …

model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … out: (1) growth in parent and affiliate capital are the most important sources of growth, with FDI contributing more to …Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a …

model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … out: (1) growth in parent and affiliate capital are the most important sources of growth, with FDI contributing more to …Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a …