The present study contributes to the literature of countercyclical price markups (real price rigidities). Specifically, it discusses the relation between new product introductions and industry and aggregate demand fluctuations, as well as their impact on firms' pricing policies, and in...

We examine the impact of taxation on foreign direct investment (FDI) flows. Previous research has focused on the impact of the corporate income taxes on aggregate FDI flows. We contribute in the relevant literature in three areas. First, the flows of FDI are classified in two categories...

In the present study, we analyze the effects of foreign direct investment (FDI) inflows in local economies across US states. Overall, FDI inflows have a positive and in several cases statistically significant impact on local employment and wages. However, these effects vary across US states. The...