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Title: | The heterogenous impact of taxation on FDI: A note on Djankov et al. (2010) |
Author: | Esteller Moré, Alejandro Rizzo, Leonzio Secomandi, Riccardo |
Keywords: | Impostos sobre societats Gestió de cartera Inversions estrangeres Països de l'Organització de Cooperació i Desenvolupament Econòmic Corporate taxes Portfolio management Foreign investments OECD countries |
Issue Date: | Jan-2020 |
Publisher: | Elsevier B.V. |
Abstract: | Taxes in the host country matter a lot for FDI inflows, but only for non-OECD countries. Taking advantage of the rich dataset constructed by Djankov et al. (2010), we show, for example, that raising the first-year effective corporate income tax rate by 10 pp reduces FDI inflows by 3.4 to 1.9 pp in non-OECD countries; and the effect is null for OECD countries. Not taking this heterogeneity into account upward (downward) biases the estimated impact of the corporate tax on FDI inflows for OECD (non-OECD) countries. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1016/j.econlet.2019.108775 |
It is part of: | Economics Letters, 2020, vol. 186, num. 108775, p. 01-05 |
URI: | http://hdl.handle.net/2445/154620 |
Related resource: | https://doi.org/10.1016/j.econlet.2019.108775 |
ISSN: | 0165-1765 |
Appears in Collections: | Articles publicats en revistes (Economia) |
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