Effective tax rates as a determinant of foreign direct investment in Central- and East European countries. A panel analysis.

Autor:	Bellak, Christian, Leibrecht, Markus
Jazyk:	angličtina
Rok vydání:	2005
Předmět:	RVK QL 800 JEL F21 H25 taxation / foreign direct investment / multinational enterprises / transformation economies
Druh dokumentu:	Paper
Popis:	The Central- and East European Countries have lowered their corporate tax rates substantially in order to induce shifts of production capacity to their countries. This paper analyses empirically how inward Foreign Direct Investment (FDI) flows channeled to these countries reacts to these tax policies. We estimate a panel of 35 bilateral country-relationships over a period of 1995-2002. Results suggest a semielasticity of -2.93 which is in line with results derived in studies mainly on OECD countries. This indicates that from an individual country perspective, tax-lowering strategies have been successful in the past, yet they may not be a successful policy option for the future when privatization-related FDI will decrease. Series: Discussion Papers SFB International Tax Coordination
Databáze:	Networked Digital Library of Theses & Dissertations
Externí odkaz:	http://epub.wu.ac.at/1572/1/document.pdf Zobrazit plný text záznamu