Blonigen, Bruce A.
Permanent URI for this collection
Browse
Browsing Blonigen, Bruce A. by Author "Davies, Ronald B."
Now showing 1 - 3 of 3
Results Per Page
Sort Options
Item Open Access Do Bilateral Tax Treaties Promote Foreign Investment?(University of Oregon, Dept. of Economics, 2001-06-01) Blonigen, Bruce A.; Davies, Ronald B.We explore the impact of bilateral tax treaties on foreign direct investment using data from OECD countries over the period 1982-1992. We find that recent treaty formation does not promote new investment, contrary to the common expectation. For certain specifications we find that treaty formation may actually reduce investment as predicted by arguments suggesting treaties are intended to reduce tax evasion rather than promote foreign investment.Item Open Access The Effects of Bilateral Tax Treaties on U.S. FDI Activity(University of Oregon, Dept. of Economics, 2001-01-01) Blonigen, Bruce A.; Davies, Ronald B.The effects of bilateral tax treaties on FDI activity have been unexplored, despite significant ongoing activities by countries to negotiate and ratify these treaties. This paper estimates the impact of bilateral tax treaties using both U.S. inbound and outbound FDI over the period 1966-1992. Robust to a wide variety of alternative specifications, we find no evidence that bilateral tax treaties increase FDI activity, contrary to OECD-stated goals for such treaties. In fact, our estimates suggest that for our sample there may instead be economically and statistically significant negative effects of new bilateral tax treaties on U.S. outbound activity to the tax treaty partner country. These findings are consistent with claims that tax treaties are not intended to improve capital flows, but rather to reduce tax evasion through transfer pricing practices or otherwise.Item Open Access Estimating The Knowledge-Capital Model of the Multinational Enterprise: Comment(University of Oregon, Dept. of Economics, 2002-03-01) Blonigen, Bruce A.; Davies, Ronald B.; Head, KeithNo abstract was submitted.