haku: @indexterm production / yhteensä: 1066
viite: 319 / 1066
| Tekijä: | Devereux, M. P. Griffith, R. |
| Otsikko: | Taxes and the location of production: evidence from a panel of US multinationals |
| Lehti: | Journal of Public Economics
1998 : JUN, VOL. 68:3, p. 335-367 |
| Asiasana: | LOCATION OF INDUSTRY PRODUCTION TAXATION PROFIT EUROPE USA |
| Kieli: | eng |
| Tiivistelmä: | The paper considers the factors that influence the locational decisions of multinational companies. A model in which firms produce differentiated products in imperfectly competitive markets is developed, in the spirit of Horstmann and Markusen (1992). Firm choose btw. a number of foreign locations, the outside options of exporting to or not serving the foreign market are explicitly modelled. Particular attention is paid to the impact of profit taxes, the separate roles of effective average and marginal tax rates are identified. The model is applied to a panel of US firms locating in the European market. Agglomeration effects are found to be important. The effective average tax rate plays a role in the choice btw. locations, but not in the choice of whether to locate production in Europe compared with one of the outside options. |
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