This paper contributes to the theoretical understanding of strategic interactions of governments on global factor markets. We analyze carbon taxes and subsidies and their impact on national welfare in a fiscal federalism setting with international markets for capital and fossil resources, and...

Realisation that foreign startups have the potential to add new and innovative products and services to the market, bring in investment and create more jobs compared to traditional firms, a number of countries are providing fiscal and non-fiscal incentives, including startup visas, to attract...

According to the 'smile curve hypothesis' the potential for generating value added varies significantly across the various functions along a firm's value chain. It suggests in particular that the production stage is the least promising value chain function in the entire manufacturing process....

This paper follows the definition of international competitiveness of countries (nations) as defined by Trabold (1995) including the ability to sell, the ability to attract FDI and the ability to adjust - all these leading to the ability to earn. These components can be measured by specific...

One of the aims of the internationally funded Investment Compact of the Balkan Stability Pact is to reduce investment risk in the region and lay the foundations for the inflow of private capital. This paper discusses the situation of foreign direct investment (FDI) in South-East European...

Recent developments have revealed that (i) advanced transition countries have received most of the FDI to date, especially greenfield projects; (ii) more countries than in the mid?1990s are resorting to FDI in order to accelerate privatization (Czech Republic, Poland and Slovakia); and (iii)...

In an international comparison, CEECs show a relatively strong economic growth performance coming close to that of the first and second tier of Asian Tiger countries over the past decade, which emerge as the best growth performers (setting aside China). In recent years the CEECs' dynamic growth...

This paper analyses some of the main factors behind the recent rapid growth in the Commonwealth of Independent States (CIS) and the prospects for its continuation. Two approaches are used. The first approach uses growth accounting exercises to estimate the total factor productivity (TFP) growth...

We quantify general equilibrium effects of place-based policies in a multiregion framework with mobility, trade and agglomeration economies. Using detailed data on EU transfers, we infer the local effects of different transfer types on productivity, income and transportation cost. Based on these...

The central thesis of the paper is that Multinational Companies (MNC) should invest in the use of "soft" methods (socially responsible behavior) to mitigate costs in society accrued due to use of "hardcore" tax evasion tactics (Transfer mispricing) to maximize profits from operations in...