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FDI plays a central role in managing global production networks, but FDI statistics also reflect other factors, including tax avoidance, that make it difficult to differentiate between FDI for "long-term" investments that serves as a source of growth and FDI that is purely financial and has...
Persistent link: https://www.econbiz.de/10012480682
The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of …
Persistent link: https://www.econbiz.de/10012465924
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of …. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular …, thus enabling new merchants in these countries to benefit from Atlantic trade. Therefore, the Rise of Europe was largely …
Persistent link: https://www.econbiz.de/10012469325
parent company and level of FDI. Tax effects are particularly strong within Europe, where ten percent higher tax rates are …
Persistent link: https://www.econbiz.de/10012469485
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012456439
(GATT) in promoting economic recovery and growth in Europe in the decade after World War II. The formation of the GATT does …
Persistent link: https://www.econbiz.de/10012473955
As measured by the pace of city growth in western Europe from 1000 to 1800. absolutist monarchs stunted the growth of …
Persistent link: https://www.econbiz.de/10012474688
Since the early 1990's the growth rates of the four largest European economies--France, Germany, Italy, and the United Kingdom--have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining...
Persistent link: https://www.econbiz.de/10012480447
Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...
Persistent link: https://www.econbiz.de/10012480556
In the aftermath of World War II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that also saw an acceleration in the speed of adoption of new technologies....
Persistent link: https://www.econbiz.de/10012462278