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2020-01

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cc-by-nc-nd (c) Elsevier B.V., 2020
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/154620

The heterogenous impact of taxation on FDI: A note on Djankov et al. (2010)

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https://doi.org/10.1016/j.econlet.2019.108775

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.

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Impostos sobre societats, Gestió de cartera, Inversions estrangeres, Països de l'Organització de Cooperació i Desenvolupament Econòmic

Subject (English)

Corporate taxes, Portfolio management, Foreign investments, OECD countries

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Articles publicats en revistes (Economia)

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ESTELLER MORÉ, Alejandro, RIZZO, Leonzio and SECOMANDI, Riccardo. The heterogenous impact of taxation on FDI: A note on Djankov et al. (2010). Economics Letters. 2020. Vol. 186, num. 108775, pags. 01-05. ISSN 0165-1765. [consulted: 14 of August of 2026]. Available at: https://hdl.handle.net/2445/154620

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