Agglomeration economies, taxable rents and government capture: evidence from a place-based policy
نویسندگان
چکیده
منابع مشابه
Government Policy in Monetary Economies
I study how the general and specific details of a micro founded monetary framework affect the determination of policy when the government has limited commitment. The conduct of policy depends on the interaction between the incentive to smooth distortions intertemporally and a time-consistency problem. In equilibrium, fiscal and monetary policies are distortionary, but long-run policy is not aff...
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Like politics, the process of economic development is intrinsically local. Communities vie ferociously for jobs, offering tax credits, infrastructure improvements, and in some cases cash to attract investment to particular regions, cities, or even neighborhoods. In the U.S., federal and state governments target resources towards particular areas in the hopes of stimulating investment, alleviati...
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India and China have emerged as an important source of outward foreign direct investment (OFDI) in the global economy. The increasing presence of their enterprises in the advanced countries has posed a challenge both to theory of internationalization of firms and public policy alike to explain why this has happened. In this paper, an attempt is made to examine, in comparative framework, the tre...
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We examine the impacts of agglomeration economies on the location of Foreign Direct Investment (FDI) in Vietnam. Using a large dataset that provides detailed information about individual firms, we investigate the location choices by 920 newly created foreign firms in 2009 in about 125 different 4-digit industries. The estimates of the conditional logit model show that agglomeration benefits mot...
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ژورنال
عنوان ژورنال: Journal of Economic Geography
سال: 2017
ISSN: 1468-2702,1468-2710
DOI: 10.1093/jeg/lbx010