skip to content
Taxation and the Sources of Growth : Estimates from United States Multinational Corporations Preview this item
ClosePreview this item
Checking...

Taxation and the Sources of Growth : Estimates from United States Multinational Corporations

Author: Jason G Cummins
Publisher: Cambridge, Mass. National Bureau of Economic Research 1998.
Series: Working paper series (National Bureau of Economic Research), no. w6533.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth accounting decomposition and clarify the relationship between capital growth and overall firm growth. A semiparametric  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Jason G Cummins
OCLC Number: 1027338676
Notes: April 1998.
Description: 1 online resource.
Details: Mode of access: World Wide Web.
Series Title: Working paper series (National Bureau of Economic Research), no. w6533.
Responsibility: Jason G. Cummins.

Abstract:

Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth accounting decomposition and clarify the relationship between capital growth and overall firm growth. A semiparametric technique is used to correct for the usual bias that afflicts production function parameter estimates. These estimates are used to analyze the sources of MNC's growth. Three findings stand out: (1) growth in parent and affiliate capital are the most important sources of growth, with FDI contributing more to growth than the sum of the contributions of parent and affiliate employment, and materials; (2) productivity has boomed since 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is large and adjustment costs of investment are small, suggesting that changes in the after-tax price of capital result in robust investment which translates directly into productivity gains.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1027338676> # Taxation and the Sources of Growth Estimates from United States Multinational Corporations
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
    library:oclcnum "1027338676" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/41407258#Place/cambridge_mass> ; # Cambridge, Mass.
    schema:about <http://experiment.worldcat.org/entity/work/data/41407258#Topic/investments_american_taxation_econometric_models> ; # Investments, American--Taxation--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/41407258#Topic/c14_semiparametric_and_nonparametric_methods_general> ; # C14 - Semiparametric and Nonparametric Methods: General
    schema:about <http://experiment.worldcat.org/entity/work/data/41407258#Topic/d24_production_cost_capital_capital_total_factor_and_multifactor_productivity_capacity> ; # D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    schema:about <http://experiment.worldcat.org/entity/work/data/41407258#Topic/corporations_american_taxation_econometric_models> ; # Corporations, American--Taxation--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/41407258#Place/united_states> ; # United States.
    schema:about <http://experiment.worldcat.org/entity/work/data/41407258#Topic/early_retirement_incentives_united_states_econometric_models> ; # Early retirement incentives--United States--Econometric models
    schema:bookFormat schema:EBook ;
    schema:creator <http://experiment.worldcat.org/entity/work/data/41407258#Person/cummins_jason_g> ; # Jason G. Cummins
    schema:datePublished "1998" ;
    schema:description "Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth accounting decomposition and clarify the relationship between capital growth and overall firm growth. A semiparametric technique is used to correct for the usual bias that afflicts production function parameter estimates. These estimates are used to analyze the sources of MNC's growth. Three findings stand out: (1) growth in parent and affiliate capital are the most important sources of growth, with FDI contributing more to growth than the sum of the contributions of parent and affiliate employment, and materials; (2) productivity has boomed since 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is large and adjustment costs of investment are small, suggesting that changes in the after-tax price of capital result in robust investment which translates directly into productivity gains."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/41407258> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/41407258#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/41407258#Series/nber_working_paper_series> ; # NBER working paper series
    schema:name "Taxation and the Sources of Growth Estimates from United States Multinational Corporations"@en ;
    schema:productID "1027338676" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/1027338676#PublicationEvent/cambridge_mass_national_bureau_of_economic_research1998> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/41407258#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://www.nber.org/papers/w6533> ;
    schema:url <http://papers.nber.org/papers/w6533> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1027338676> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/41407258#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Person/cummins_jason_g> # Jason G. Cummins
    a schema:Person ;
    schema:familyName "Cummins" ;
    schema:givenName "Jason G." ;
    schema:name "Jason G. Cummins" ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
    schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Place/united_states> # United States.
    a schema:Place ;
    schema:name "United States." ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Series/nber_working_paper_series> # NBER working paper series
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1027338676> ; # Taxation and the Sources of Growth Estimates from United States Multinational Corporations
    schema:name "NBER working paper series" ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1027338676> ; # Taxation and the Sources of Growth Estimates from United States Multinational Corporations
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Topic/c14_semiparametric_and_nonparametric_methods_general> # C14 - Semiparametric and Nonparametric Methods: General
    a schema:Intangible ;
    schema:name "C14 - Semiparametric and Nonparametric Methods: General"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Topic/corporations_american_taxation_econometric_models> # Corporations, American--Taxation--Econometric models
    a schema:Intangible ;
    schema:name "Corporations, American--Taxation--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Topic/d24_production_cost_capital_capital_total_factor_and_multifactor_productivity_capacity> # D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    a schema:Intangible ;
    schema:name "D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Topic/early_retirement_incentives_united_states_econometric_models> # Early retirement incentives--United States--Econometric models
    a schema:Intangible ;
    schema:name "Early retirement incentives--United States--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/41407258#Topic/investments_american_taxation_econometric_models> # Investments, American--Taxation--Econometric models
    a schema:Intangible ;
    schema:name "Investments, American--Taxation--Econometric models"@en ;
    .

<http://www.worldcat.org/title/-/oclc/1027338676>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1027338676> ; # Taxation and the Sources of Growth Estimates from United States Multinational Corporations
    schema:dateModified "2019-09-14" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.