Technology, agglomeration, and regional competition for investment
نویسندگان
چکیده
منابع مشابه
Competition for FDI with Vintage Investment and Agglomeration Advantages
Countries compete for new FDI investment, whereas stocks of FDI generate agglomeration benefits and are potentially subject to extortionary taxation. We study the interaction between these aspects in a simple vintage capital framework with discrete time and an infinite horizon, focussing on Markov perfect equilibrium. We show that the equilibrium taxation destabilizes agglomeration advantages. ...
متن کاملAgglomeration and Tax Competition
Tax competition for a mobile factor is different in ‘new economic geography settings’ compared to standard tax competition models. The agglomeration rent which accrues to the mobile factor in the core region can be taxed. Moreover, a tax differential between the core and the periphery can be maintained. The present paper reexamines this issue in a setting which, in addition to the core-peripher...
متن کاملAgglomeration Effects and the Competition for Firms
A two-region economy consists of a given but different number of immobile workers in each region, and a given number of mobile firms. Firms create jobs where they locate, but there is frictional unemployment. Two sorts of agglomeration effects arise: those from economies of scale in matching, and those from production economies external to the firm. Regions may either be part of a unitary state...
متن کاملChains of Ownership, Regional Tax Competition, and Foreign Direct Investment
It is an article of faith – among politicians as well as scholars – that government policies have the potential to influence the extent and nature of economic activity, particularly when policies impede the normal functioning of business. Examples include regulatory regimes that discourage business formation, legal systems and institutions that make it difficult to execute and enforce commercia...
متن کاملResearch Area Markets and Politics Research Unit Market Processes and Governance Schwerpunkt Märkte Und Politik Abteilung Marktprozesse Und Steuerung Competition for Fdi with Vintage Investment and Agglomeration Advantages Competition for Fdi with Vintage Investment and Agglomeration Advantages
Countries compete for new FDI investment, whereas stocks of FDI generate agglomeration benefits and are potentially subject to extortionary taxation. We study the interaction between these aspects in a simple vintage capital framework with discrete time and infinite horizon, focussing on Markov perfect equilibrium in stationary strategies. We show that the tax revenue in the equilibrium is subs...
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ژورنال
عنوان ژورنال: Canadian Journal of Economics/Revue canadienne d'économique
سال: 2007
ISSN: 0008-4085
DOI: 10.1111/j.1365-2966.2007.00446.x