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Displaying results 1 to 9 of 9.

  1. Corporate Tax Policy in Developed Countries and Economic Activity in Africa
    Author: Hoopes, Jeffrey L.; Klein, Daniel; Lester, Rebecca; Olbert, Marcel
    Published: 2022
    Publisher:  SSRN, [S.l.]

    This paper studies whether tax policies in developed nations affect developing economies through cross-border investments by multinational firms. We study firm investment responses to a major U.K. tax reform that drastically reduced the income tax... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper studies whether tax policies in developed nations affect developing economies through cross-border investments by multinational firms. We study firm investment responses to a major U.K. tax reform that drastically reduced the income tax burden for U.K.-based firms. Our identification strategy compares the investment outcomes of U.K. multinational firms in Africa to those of other multinationals with similar ties to Africa but not subject to the large U.K. tax changes that started in 2009. Difference-in-differences estimates show that U.K. multinational firms increased their subsidiary presence in sub-Saharan Africa by 17-26 percent following the U.K. reform. Exploiting location-specific nighttime luminosity data as well as local data from the African Demographic and Health Surveys, we also document increased economic activity and higher employment rates of African citizens within close proximity of local U.K.-owned subsidiaries. These effects are confirmed using novel data on local wealth. Our findings imply that, beyond the goal of motivating home country investment, developed countries’ corporate tax policies impact developing nations

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Stanford University Graduate School of Business Research Paper ; No. 4254414
    Subjects: Multinational Firms; Tax Rates; Foreign Investment; Economic Development
    Other subjects: Array
    Scope: 1 Online-Ressource (71 p)
    Notes:

    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 21, 2022 erstellt
  2. Corporate tax policy in developed countries and economic activity in Africa
    Author: Hoopes, Jeffrey L.; Lester, Rebecca; Klein, Daniel; Olbert, Marcel
    Published: [2023]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 23, 27 (October, 2023)
    Subjects: Multinational Firms; Tax Rates; Foreign Investment; Economic Development
    Scope: 1 Online-Ressource (circa 90 Seiten), Illustrationen
  3. International trade in brown shares and economic development
    Author: Benink, Harald A.; Huizinga, Harry; Raes, Louis; Zhang, Lishu
    Published: 23 February 2024
    Publisher:  Centre for Economic Policy Research, London

    Using global share ownership data from 2002 to 2021, we find that investors’ aggregate carbon sensitivity, i.e. their tendency to divest from more polluting firms, increases with per capita GDP. Especially investment managers, who invest on behalf of... more

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    Universität Potsdam, Universitätsbibliothek
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    Using global share ownership data from 2002 to 2021, we find that investors’ aggregate carbon sensitivity, i.e. their tendency to divest from more polluting firms, increases with per capita GDP. Especially investment managers, who invest on behalf of their clients, and investors with longer investment horizons contribute to the portfolio greening effect of economic development. We find that this effect is weaker for smaller firms and for firms that are included in the MSCI World index. By acting as backstop owners of brown equities, investors in poorer countries could limit the impact of divestment of such equities in richer countries.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18856
    Subjects: Carbon Intensity; Divestment; Foreign Investment
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  4. Foreign Direct Investment, Information Technology and Total Factor Productivity Dynamics in Sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2022]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    Compared to other regions of the world, the potential for information technology penetration in sub-Saharan Africa (SSA) is very high. Unfortunately, productivity levels in the region are also very low. This study investigates the importance of... more

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    Compared to other regions of the world, the potential for information technology penetration in sub-Saharan Africa (SSA) is very high. Unfortunately, productivity levels in the region are also very low. This study investigates the importance of information technology in influencing the effect of foreign direct investment (FDI) on total factor productivity (TFP) dynamics. The focus is on 25 countries in SSA. Information technology is measured with mobile phone penetration and internet penetration, while the engaged TFP productivity dynamics are TFP, real TFP, welfare TFP, and real welfare TFP. The empirical evidence is based on the Generalised Method of Moments. The findings show that, with the exception of regressions pertaining to real TFP growth for which the estimations do not pass postestimation diagnostic tests, it is apparent that information technology (i.e. mobile phone penetration and internet penetration) modulate FDI to positively influence TFP dynamics (i.e. TFP, welfare TFP, and welfare real TFP). Policy and theoretical implications are discussed.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/262082
    Series: AGDI working paper ; WP/22, 019
    Subjects: Productivity; Foreign Investment; Information Technology; Sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 30 Seiten)
  5. Foreign direct investment, information technology and total factor productivity dynamics in Sub-Saharan Africa
    Author: Asongu, Simplice; Odhiambo, Nicholas M.
    Published: [2022]
    Publisher:  University of South Africa, [Pretoria]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: UNISA economic research working paper series ; 2022, 04 (February 2022)
    Subjects: Productivity; Foreign Investment; Information Technology; Sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 36 Seiten)
  6. Foreign aid through domestic tax cuts?
    evidence from multinational firm presence in developing countries
    Author: Hoopes, Jeffrey; Olbert, Marcel; Lester, Rebecca; Klein, Daniel
    Published: December 2021
    Publisher:  [University of Oxford, Sai͏̈d Business School, Centre for Business Taxation], [Oxford]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / University of Oxford, Sai͏̈d Business School, Centre for Business Taxation ; 2021, 17
    Subjects: Multinational Firms; Tax Rates; Foreign Investment; Economic Development
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  7. Understanding the decision making process of sovereign wealth funds
    the case of Temasek
    Author: Gnabo, Jean-Yves; Kerkour, Malik; Lecourt, Christelle; Raymond-Feingold, Hélène
    Published: [2016]
    Publisher:  Université de Paris Ouest Nanterre La Défense, Nanterre

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 334 (2016,16)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / EconomiX ; 2016, 16
    Subjects: Sovereign Wealth Funds; Nested Logit model; Foreign Investment
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  8. International trade in brown shares and economic development
    Author: Benink, Harald A.; Huizinga, Harry; Raes, Louis; Zhang, Lishu
    Published: 23 February 2024
    Publisher:  Centre for Economic Policy Research, London

    Using global share ownership data from 2002 to 2021, we find that investors’ aggregate carbon sensitivity, i.e. their tendency to divest from more polluting firms, increases with per capita GDP. Especially investment managers, who invest on behalf of... more

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    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Bibliotheks-und Informationssystem der Carl von Ossietzky Universität Oldenburg (BIS)
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    Universität Potsdam, Universitätsbibliothek
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    Using global share ownership data from 2002 to 2021, we find that investors’ aggregate carbon sensitivity, i.e. their tendency to divest from more polluting firms, increases with per capita GDP. Especially investment managers, who invest on behalf of their clients, and investors with longer investment horizons contribute to the portfolio greening effect of economic development. We find that this effect is weaker for smaller firms and for firms that are included in the MSCI World index. By acting as backstop owners of brown equities, investors in poorer countries could limit the impact of divestment of such equities in richer countries.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18856
    Subjects: Carbon Intensity; Divestment; Foreign Investment
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  9. International trade in brown shares and economic development
    Author: Benink, Harold; Huizinga, Harry; Raes, Louis; Zhag, Lishu
    Published: 24 January 2024
    Publisher:  CentER, Tilburg University, [Tilburg]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This draft: January 2023
    Series: Discussion paper / CentER ; no. 2024, 002
    Subjects: Carbon Intensity; Divestment; Foreign Investment
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen