This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...

Recent literature on international trade has established that the most productive firms become multinationals. But our data reveal a startling variation in productivity levels of foreign affiliates across the countries in Eastern Europe of the same European multinational parent firms suggesting...

We argue that openness to foreign investment can have differential effects on corruption, even within the same country and under the exact same domestic institutions over time. Our theoretical approach departs from standard political economy by attributing corruption motives to firms as well as...

We propose a modified theoretical framework based on John Dunning’s classical OLI paradigm in the international business literature to analyze Chinese firms’ fast-growing and aggressive outward foreign direct investment (OFDI). In particular, from an institutional perspective, we suggest a...

The central concern of this paper is to respond to the question: why do FDI inflows go where they do in African countries? An understanding of such factors will assist African policymakers to formulate and execute policies for attracting FDI. Our estimation results from cross-country regressions...

We study how incentives for North-South technology transfers in multinational enterprises are affected by labour market institutions. If workers are collectively organised, incentives for technology transfers are partly governed by firms' desire to curb trade union power. This will affect not...

El presente paper presta tanto argumentos teóricos como soporte econométrico a la idea de un nivel óptimo de inversión extranjera directa (FDI). Lo hace descubriendo una relación con forma de U invertida entre dicha inversión y el esfuerzo educativo local. La optimalidad de un flujo...

El Índice de Malestar Convencional describe situaciones de insatisfacción económica atendiendo a las tasas de paro e inflación. Por su parte, el Índice de Malestar Compensado añade al anterior la tasa de crecimiento del PIB. En este trabajo se calculan ambos índices para el caso español...

Pricing policy of intra-group transactions can have significant effects on competitive advantage and profitability in terms of fiscal costs of companies with international activity. The trend in transfer pricing developments in many countries reveals a growing interest of the national tax...

This paper investigates empirically whether inward greenfield foreign direct investment (FDI) is related to greater sectorial innovation in the host Italian provinces. We combine several sources of data to estimate panel count models, regressing the annual number of patents in each province and...