This paper analyzes the national social welfare effects of taxation on direct foreign investment (DFI) income from the operations of a multinational enterprise (MNE). This paper is unique as it both treats DFI as endogenous to tax policy and considers rival governments strategic behavior in the...

Preferential trade liberalization has gained more support in recent years from developed and developing countries, with the former hoping that such liberalization will attract more foreign investment. However, the mechanisms by which FDI inflows might increase (if at all) are poorly understood....

The paper provides a methodology for considering the carrying capacity and limits to growth of a labor-constrained mature tourism destination. A computable general equilibrium model is used to examine the impacts of visitor expenditure growth and labor migration on Hawai'i's economy. Impacts on...

This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to integrate separate contributions on horizontal multinationals which produce the same final product in multiple locations, with work on vertical multinationals, which...

We consider the impact of preferential trade agreements (PTAs) on horizontal foreign direct investment (FDI) coming from parent countries outside the PTA. While easier access to a larger market due to a PTA may justify new FDI, preexisting investments may be rationalized as firms concentrate...

This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to integrate separate contributions on horizontal multinationals which produce the same final product in multiple locations, with work on vertical multinationals, which...