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on Accounting and Auditing |
| By: | Lauridsen, Jørgen (Department of Business and Economics); Nannerup, Niels (Department of Business and Economics); Skak, Morten (Department of Business and Economics) |
| Abstract: | Tax and public service competition between local governments concerning localisation of new residents is analysed in a setting of economic spillovers which means that also a neighbouring region will benefit from localisation via demand of residents in a border region, (a so-called host region). We identify two basic Nash-equilibrium outcomes of the analysed tax-game. In one of these outcomes local tax rates will be different across the regions – a fact that appears important for (future) empirical studies of local tax competition. Due to the lack of adequate theoretical modelling, studies in this field have often demonstrated spatial dependence of local policy variables without identifying the source of interaction between decision-makers. Our theoretical findings prove to be robust to a range of important expansions of the basic simple framework. |
| Keywords: | Local tax competition; household locational choice; spillover effects; Nash-equilibria |
| JEL: | H21 H31 H71 |
| Date: | 2011–12–01 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:sdueko:2011_009&r=acc |
| By: | Garcia-Fuentes, Pablo; Ferreira, Gustavo; Kennedy, P. Lynn |
| Abstract: | This paper empirically assesses the sequential relationships among firm strategic factors, FDI activity, and economic performance for a sample of U.S.-based Multinational agribusinesses. The most important findings of this research is a positive direct effect of FDI on performance, the complementary effect between FDI and firm strategic factors (positive and significant interaction terms) on performance, and the positive effect of FDI on performance given some thresholds of firm strategic factors. Specifically, it provides insights about the direct effect of FDI on performance, as well as about the joint effect of firm size and FDI, marketing intensity and FDI, and capital intensity and FDI on performance. These findings provide evidence that FDI activity is an important factor for U.S. agribusiness financial strength. |
| Keywords: | Economic performance, Foreign direct investment, Firm strategic factors, Agribusiness, Agribusiness, International Relations/Trade, Marketing, F230, L250, |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:ags:saea12:119763&r=acc |