Returns on FDI: does the US really do better?
According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S. net...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13313 |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S. net asset position in recent years. We examine the major competing explanations for the apparent differential between the rates of return. In particular, almost the entire difference occurs in FDI, where American firms operating abroad appear to earn a persistently higher return than that earned by foreign firms operating in the U.S. We first review a number of explanations in the literature for this differential. We then offer some new evidence on the role of income shifting between jurisdictions with varying rates of taxation. Using country-specific income and tax data, we find that about one-third of the excess return earned by U.S. corporations abroad can be explained by firms reporting extra income in low tax jurisdictions of their affiliates |
| Beschreibung: | Literaturverz. S. 18 - 20 |
| Beschreibung: | 20, [9] S. graph. Darst. 22 cm |
Internformat
MARC
| LEADER | 00000nam a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV023593220 | ||
| 003 | DE-604 | ||
| 005 | 20080327000000.0 | ||
| 007 | t | ||
| 008 | 071218s2007 xxud||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)255467482 | ||
| 035 | |a (DE-599)GBV543787613 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-521 | ||
| 100 | 1 | |a Bosworth, Barry |d 1942- |e Verfasser |0 (DE-588)131732536 |4 aut | |
| 245 | 1 | 0 | |a Returns on FDI |b does the US really do better? |c Barry Bosworth ; Susan M. Collins ; Gabriel Chodorow-Reich |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2007 | |
| 300 | |a 20, [9] S. |b graph. Darst. |c 22 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13313 | |
| 500 | |a Literaturverz. S. 18 - 20 | ||
| 520 | |a According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S. net asset position in recent years. We examine the major competing explanations for the apparent differential between the rates of return. In particular, almost the entire difference occurs in FDI, where American firms operating abroad appear to earn a persistently higher return than that earned by foreign firms operating in the U.S. We first review a number of explanations in the literature for this differential. We then offer some new evidence on the role of income shifting between jurisdictions with varying rates of taxation. Using country-specific income and tax data, we find that about one-third of the excess return earned by U.S. corporations abroad can be explained by firms reporting extra income in low tax jurisdictions of their affiliates | ||
| 700 | 1 | |a Collins, Susan M. |d 1959- |e Verfasser |0 (DE-588)131523279 |4 aut | |
| 700 | 1 | |a Chodorow-Reich, Gabriel |e Verfasser |0 (DE-588)13377676X |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13313 |w (DE-604)BV002801238 |9 13313 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w13313.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016908550 | ||
Datensatz im Suchindex
| _version_ | 1804138252538478592 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Bosworth, Barry 1942- Collins, Susan M. 1959- Chodorow-Reich, Gabriel |
| author_GND | (DE-588)131732536 (DE-588)131523279 (DE-588)13377676X |
| author_facet | Bosworth, Barry 1942- Collins, Susan M. 1959- Chodorow-Reich, Gabriel |
| author_role | aut aut aut |
| author_sort | Bosworth, Barry 1942- |
| author_variant | b b bb s m c sm smc g c r gcr |
| building | Verbundindex |
| bvnumber | BV023593220 |
| ctrlnum | (OCoLC)255467482 (DE-599)GBV543787613 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02410nam a2200349zcb4500</leader><controlfield tag="001">BV023593220</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20080327000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">071218s2007 xxud||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)255467482</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBV543787613</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-521</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Bosworth, Barry</subfield><subfield code="d">1942-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)131732536</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Returns on FDI</subfield><subfield code="b">does the US really do better?</subfield><subfield code="c">Barry Bosworth ; Susan M. Collins ; Gabriel Chodorow-Reich</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">20, [9] S.</subfield><subfield code="b">graph. Darst.</subfield><subfield code="c">22 cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Working paper series / National Bureau of Economic Research</subfield><subfield code="v">13313</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Literaturverz. S. 18 - 20</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S. net asset position in recent years. We examine the major competing explanations for the apparent differential between the rates of return. In particular, almost the entire difference occurs in FDI, where American firms operating abroad appear to earn a persistently higher return than that earned by foreign firms operating in the U.S. We first review a number of explanations in the literature for this differential. We then offer some new evidence on the role of income shifting between jurisdictions with varying rates of taxation. Using country-specific income and tax data, we find that about one-third of the excess return earned by U.S. corporations abroad can be explained by firms reporting extra income in low tax jurisdictions of their affiliates</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Collins, Susan M.</subfield><subfield code="d">1959-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)131523279</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Chodorow-Reich, Gabriel</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)13377676X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.></subfield><subfield code="t">NBER working paper series</subfield><subfield code="v">13313</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">13313</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w13313.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016908550</subfield></datafield></record></collection> |
| id | DE-604.BV023593220 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016908550 |
| oclc_num | 255467482 |
| open_access_boolean | 1 |
| owner | DE-521 |
| owner_facet | DE-521 |
| physical | 20, [9] S. graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Bosworth, Barry 1942- Verfasser (DE-588)131732536 aut Returns on FDI does the US really do better? Barry Bosworth ; Susan M. Collins ; Gabriel Chodorow-Reich Cambridge, Mass. National Bureau of Economic Research 2007 20, [9] S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13313 Literaturverz. S. 18 - 20 According to the U.S. external accounts, U.S. investors earn a significantly higher rate of return on their foreign investments than foreigners earn in the United States. This continued strong performance has produced a positive net investment income balance despite the deterioration in the U.S. net asset position in recent years. We examine the major competing explanations for the apparent differential between the rates of return. In particular, almost the entire difference occurs in FDI, where American firms operating abroad appear to earn a persistently higher return than that earned by foreign firms operating in the U.S. We first review a number of explanations in the literature for this differential. We then offer some new evidence on the role of income shifting between jurisdictions with varying rates of taxation. Using country-specific income and tax data, we find that about one-third of the excess return earned by U.S. corporations abroad can be explained by firms reporting extra income in low tax jurisdictions of their affiliates Collins, Susan M. 1959- Verfasser (DE-588)131523279 aut Chodorow-Reich, Gabriel Verfasser (DE-588)13377676X aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13313 (DE-604)BV002801238 13313 http://papers.nber.org/papers/w13313.pdf kostenfrei Volltext |
| spellingShingle | Bosworth, Barry 1942- Collins, Susan M. 1959- Chodorow-Reich, Gabriel Returns on FDI does the US really do better? |
| title | Returns on FDI does the US really do better? |
| title_auth | Returns on FDI does the US really do better? |
| title_exact_search | Returns on FDI does the US really do better? |
| title_exact_search_txtP | Returns on FDI does the US really do better? |
| title_full | Returns on FDI does the US really do better? Barry Bosworth ; Susan M. Collins ; Gabriel Chodorow-Reich |
| title_fullStr | Returns on FDI does the US really do better? Barry Bosworth ; Susan M. Collins ; Gabriel Chodorow-Reich |
| title_full_unstemmed | Returns on FDI does the US really do better? Barry Bosworth ; Susan M. Collins ; Gabriel Chodorow-Reich |
| title_short | Returns on FDI |
| title_sort | returns on fdi does the us really do better |
| title_sub | does the US really do better? |
| url | http://papers.nber.org/papers/w13313.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT bosworthbarry returnsonfdidoestheusreallydobetter AT collinssusanm returnsonfdidoestheusreallydobetter AT chodorowreichgabriel returnsonfdidoestheusreallydobetter |