When countries compete for the location of a new multinational plant they need to be aware of the profit shifting opportunities this new plant creates for the global multinational firm. By modelling explicitly the multinational's intra-firm transactions, we show that the home market advantage...

In the current situation, shaped by the relocation of multinational companies following the disruption of global value chains, the efforts for attracting foreign direct investments (FDI) should be better focused on enhancing the flows that create value in the economy, stimulate the local...

When countries compete for the location of a new multinational plant they need to be aware of the profit shifting opportunities this new plant creates for the global multinational firm. By modelling explicitly the multinational's intra-firm transactions, we show that the home market advantage...