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Foreign Direct Investment in a World of Multiple Taxes
Desai, Mihir A. - 2001
character of foreign direct investment by American multinational firms. Indirect tax burdens significantly exceed foreign income … to be partly attributable to the inability of American investors to claim foreign tax credits for indirect tax payments …. Estimates imply that 10 percent higher indirect tax rates are associated with 9.2 percent lower reported income of American …
Persistent link: https://www.econbiz.de/10012470279
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Technology Capital and the U.S. Current Account
McGrattan, Ellen R. - 2008
The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...
Persistent link: https://www.econbiz.de/10012464663
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Facts and Fallacies about U.S. FDI in China
Branstetter, Lee - 2007
Despite the rapid expansion of U.S.-China trade ties, the increase in U.S. FDI in China, and the expanding amount of economic research exploring these developments, a number of misconceptions distort the popular understanding of U.S. multinationals in China. In this paper, we seek to correct...
Persistent link: https://www.econbiz.de/10012465178
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Capital Structure with Risky Foreign Investment
Desai, Mihir A. - 2006
American multinational firms respond to politically risky environments by adjusting their capital structures abroad and … affiliates of the same parent companies. American firms further limit their equity exposures in politically risky countries by …
Persistent link: https://www.econbiz.de/10012466392
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Foreign Direct Investment and Domestic Economic Activity
Desai, Mihir A. - 2005
-specific geographic distributions of foreign investment, to predict changes in foreign investment by a large panel of American firms …
Persistent link: https://www.econbiz.de/10012466955
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Host-Country Financial Development and Multinational Activity
Bilir, Kamran - 2014
This paper evaluates the influence of host-country financial development on the global operations of multinational firms. Using detailed U.S. data, we provide evidence that host-country financial development increases entry by multinational affiliates, while also decreasing affiliate sales in...
Persistent link: https://www.econbiz.de/10012458618
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How Would EU Corporate Tax Reform Affect US Investment in Europe?
Devereux, Michael P. - 2011
This paper examines the likely impact of a proposed formula apportionment system for corporation tax in the EU on the inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US multinationals and investigate whether effective tax...
Persistent link: https://www.econbiz.de/10012461082
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The Stock Connect to China
He, Zhiguo; Wang, Yuehan; Zhu, Xiaoquan - National Bureau of Economic Research - 2023
As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...
Persistent link: https://www.econbiz.de/10013537785
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Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States
Branstetter, Lee - 2000
Recent empirical work has examined the extent to which international trade fosters international spillovers' of technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers. I introduce a framework for measuring...
Persistent link: https://www.econbiz.de/10012470716
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Foreign Direct Investment and Knowledge Diffusion in Poor Locations : Evidence from Ethiopia
Abebe, Girum - 2018
We quantify foreign direct investment (FDI) spillovers by comparing changes in total factor productivity (TFP) among domestic plants in districts that attracted a large greenfield foreign plant and districts where greenfield FDI was licensed but not yet operational. Treated and untreated...
Persistent link: https://www.econbiz.de/10012453253