文章基本信息

标题：On the efficiency of fiscal competition for FDI when incumbent firms are foreign-owned
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作者：Ben Ferrett ; Andreas Hoefele
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2015
卷号：35
期号：1
出版社：Economics Bulletin
摘要：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.
关键词：FDI ; fiscal competition ; efficiency ; foreign ownership