An increasing share of world FDI is carried out by multinationals from developing countries. These investors may have objectives and constraints that differ from their developed country counterparts. In this paper we focus on differences in attitudes to corruption, and how these may shape the...

A well known result in the tax competition literature is that tax rates are set too low in the Nash equilibrium to finance an efficient level of public consumption goods. In this model we introduce international spillovers in public goods provision and show that such spillovers reduce, and in...

This paper discusses how taxation may affect migration, economic efficiency and income distribution. The institutional framework is a federal system, in which local authorities are responsible for the supply of public services and the financing of these services, and where the central...