The impact of endogenous tax treaties on foreign direct investment: theory and evidence

被引：49

作者：

Egger, Peter ^{[1
]}

Larch, Mario

Pfaffermayr, Michael

Winner, Hannes

机构：

[1] Ifo Inst, Munich, Germany

[2] Univ Innsbruck, Fac Econ & Stat, A-6020 Innsbruck, Austria

来源：

CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2006年 / 39卷 / 03期

关键词：

D O I：

10.1111/j.1540-5982.2006.00375.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the effect of tax treaties on bilateral stocks of outward FDI. For this purpose we employ a numerically solvable general equilibrium model of trade and multinational firms to study the impact of tax treaties on both welfare and outward FDI. The model indicates under which factor endowment configurations countries gain in welfare when implementing a tax treaty. This motivates an empirical specification of the endogenous selection into implementing new tax treaties. Using data of bilateral OECD outward FDI between 1985 and 2000, we find a significant negative impact of newly implemented tax treaties on outward FDI stocks.

引用

页码：901 / 931

页数：31

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