| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5065 |
| DP5065 Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia | |
| Beata Javorcik; Jens Arnold | |
| 发表日期 | 2005-05-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper analyses the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behaviour in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbours, since they act as a competitive fringe for the domestic banking sector. We derive and simulate a model of a home country monopoly bank facing a representative competitive OFC which offers tax advantages attained by moving assets offshore at a cost that is increasing in distance between the OFC and the source. Our model predicts that proximity to an OFC is likely to have pro-competitive implications for the domestic banking sector, although the overall effect on welfare is ambiguous. We test and confirm the predictions empirically. Proximity to an OFC is associated with a more competitive domestic banking system and greater overall financial depth. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Theory Empirical Data Cross-section Asset Tax Haven Money Competitive |
| URL | https://cepr.org/publications/dp5065 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533961 |
| 推荐引用方式 GB/T 7714 | Beata Javorcik,Jens Arnold. DP5065 Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia. 2005. |
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