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dc.contributor.authorHaaland, Jan Ingvald Meidell
dc.contributor.authorWooton, Ian
dc.date.accessioned2006-09-06T06:51:08Z
dc.date.available2006-09-06T06:51:08Z
dc.date.issued1998-08
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/163014
dc.description.abstractWe examine the economic justification for providing investment subsidies to foreign-owned multinationals. These provide employment opportunities and generate demand for domestic intermediate inputs, produced by domestic workers with increasing returns to scale. Offering subsidies to multinationals may be in the national interest if the investment raises the net value of domestic production. When agglomerative forces are sufficiently strong, a subsidy that attracts the first foreign firm may induce several to enter, establishing a thriving modern sector. With a limited number of foreign enterprises, countries may compete to attract investment. This subsidy competition transfers much of the rents to the multinationals.en
dc.format.extent245150 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries1998:14en
dc.subjectmultinationalsen
dc.subjectforeign direct investmenten
dc.subjectlocationen
dc.titleInternational competition for multinational investmenten
dc.typeWorking paperen


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