On The Efficiency Of Fiscal Competition For Fdi When Incumbent Firms Are Foreign-Owned
AbstractWe show that the international distribution of ownership of the incumbent firms within a host region matters for the efficiency of the fiscal competition between the region’s constituent countries for a new FDI project. If incumbent firms are owned entirely within the host region, then the new plant’s location will be efficient. However, when incumbent firms are owned outside the host region and the degree of such extra-regional ownership varies substantially across the competing host countries – as it does in the data – then inefficient locations might win contests for new plants.
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Bibliographic InfoPaper provided by School of Business and Economics, Loughborough University in its series Centre for Firms in the Global Economy (CFGE) Discussion Papers with number 2014_01.
Date of creation: May 2014
Date of revision: May 2014
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FDI; fiscal competition; efficiency; foreign ownership.;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
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