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Title: On the efficiency of fiscal competition for FDI when incumbent firms are foreign-owned
Authors: Ferrett, Ben
Hoefele, Andreas
Issue Date: 2015
Publisher: Economics Bulletin
Citation: FERRETT, B. and HOEFELE, A., 2015. On the efficiency of fiscal competition for FDI when incumbent firms are foreign-owned. Economics Bulletin, 35 (1), pp. 694 - 701
Abstract: We show that the international distribution of ownership of the incumbent firms within a host region matters for the efficiency of the fiscal competition between the region's constituent countries for a new FDI project. If incumbent firms are owned entirely within the host region, then the new plant's location will be efficient. However, when incumbent firms are owned outside the host region and the degree of such extra-regional ownership varies substantially across the competing host countries-as it does in the data-then inefficient locations might win contests for new plants.
Description: This article was published in the journal, Economics Bulletin.
Version: Published
URI: https://dspace.lboro.ac.uk/2134/21782
Publisher Link: http://www.economicsbulletin.com/
Appears in Collections:Published Articles (Economics)

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