ESTIMATING THE RIVALNESS OF STATE-LEVEL INWARD FDI

ESTIMATING THE RIVALNESS OF STATE-LEVEL INWARD FDI

ABSTRACT We develop a method for estimating the rivalness of tax bases using the structures of the conditional logit, Poisson, and nested logit models. As an illustration, we apply this method to estimate the effect of state‐level capital taxation on U.S. inward foreign direct investment (FDI). The...

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Veröffentlicht in:Journal of regional science 2015-01, Vol.55 (1), p.139-148
Hauptverfasser: Brülhart, Marius, Schmidheiny, Kurt
Format: Artikel
Sprache:eng
Schlagworte:
Capital
Capital tax
Competition
Estimating techniques
Estimation
Foreign direct investment
Foreign investment
Foreign investments
Game theory
Poisson distribution
Rivalry
Studies
Tax base
Taxation
Taxation economics
Taxes
U.S.A
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Zusammenfassung:ABSTRACT We develop a method for estimating the rivalness of tax bases using the structures of the conditional logit, Poisson, and nested logit models. As an illustration, we apply this method to estimate the effect of state‐level capital taxation on U.S. inward foreign direct investment (FDI). The assumption of perfect nonrivalness can in some cases be rejected, but the assumption of perfect rivalness cannot. Competition over FDI across U.S. states could well be a zero‐sum game.
ISSN:0022-4146
1467-9787
DOI:10.1111/jors.12102