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I analyze how partisan conflict about trade policy affects foreign direct investment flows to the US using a novel …
Persistent link: https://www.econbiz.de/10012989122
The last 20 years have been marked by a sharp rise in international demand for U.S. reserve assets, or safe stores-of-value. What are the welfare consequences to U.S. households of these trends, or of a reversal? In a lifecycle model with aggregate and idiosyncratic risks, the young and oldest...
Persistent link: https://www.econbiz.de/10013058251
A fiscal program that redistributes income from rich to poor individuals indirectly redistributes tax revenues from regions hit by a favorable shock to regions hit by an unfavorable one. Centralized fiscal redistribution has therefore been advocated as a way to insure individuals against...
Persistent link: https://www.econbiz.de/10013215334
We estimate and attempt to explain the evolution of the taxes paid by U.S. multinationals on their foreign profits … after-tax returns. Foreign taxes fell abruptly after the first Gulf War. In sectors other than oil, the effective foreign … havens. The low foreign taxes paid by U.S. multinationals can explain half of the U.S. cross-border return differential …
Persistent link: https://www.econbiz.de/10012911498
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid pro quo policy of exchanging market access for transfers...
Persistent link: https://www.econbiz.de/10013063404
foreign direct investment policy as China entered the WTO in the year 2002. Accounting for a quarter of all international … joint ventures worldwide, we first show that foreign investors choose Chinese partners that are relatively large, productive …, and often subsidized to set up their joint venture. Second, we document benefits from foreign technology in terms of …
Persistent link: https://www.econbiz.de/10012922982
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 … greenfield foreign plant. Over the four years starting with the year of the opening, TFP of domestic plants is 8% higher in …
Persistent link: https://www.econbiz.de/10012922992
savings available for capital investment. Foreign investment affects the national economy through both asset markets and … the land-labor ratio attracts foreign investment, while a drop in the world interest rate raises the welfare of a capital …
Persistent link: https://www.econbiz.de/10013246524
Japanese firms that were acquired by foreign firms improves after the acquisition. In our previous study for the Japanese …) and profit rates than Mamp;As by domestic firms. However, it may argued that firms acquired by foreign firms showed better … performance simply because foreign investors acquired more promising Japanese firms than Japanese investors did. In order to …
Persistent link: https://www.econbiz.de/10012760742
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 … foreign and domestic locations. Used abroad, it generates profits for foreign subsidiaries with no foreign direct investment …
Persistent link: https://www.econbiz.de/10012759325