Taxation and foreign direct investment; a synthesis of empirical research

This paper reviews the empirical literature on the impact of company taxes on the allocation of foreign direct investment. We make the outcomes of 25 empirical studies comparable by computing the tax rate elasticity under a uniform definition. Read also the accompanying press release .The mean value of the tax rate elasticity in the literature is around 3.3, i.e. a 1%-point reduction in the host-country tax rate raises foreign direct investment in that country by 3.3%. There exists substantial variation across studies, however. By performing a meta analysis, the paper aims to explain this variation by the differences in characteristics of the underlying studies. Systematic differences between studies are found with respect to the type of foreign capital data used, and the type of tax rates adopted. We find no systematic differences in the responsiveness of investors from tax credit countries and tax exemption countries.

Does European cohesion policy reduce regional disparities? An empirical analysis

European cohesion policy entails predominantly the funding of infrastructure and employment projects in lagging regions of EU Member States. It involves the distribution of more than 35 billion euro annually, making it the second most important EU policy in budgetary terms. Its main aim is to reduce regional disparities in regional welfare. This paper investigates to what extent European cohesion policy achieves this aim. The data reveal poorer regions do tend to receive more cohesion support. The policy thus satisfies a necessary condition for its effectiveness. It remains, however, unclear whether cohesion support significantly increases economic growth. In particular, the more independent convergence one presupposes, the less well cohesion support appears to work. This points at a clear trade-off: either one accepts that regional disparities are here to stay, or one concludes that cohesion policy fails.

Explaining the Variation in Empirical Estimates of Tax Elasticities of Foreign Direct Investment

This study aims to explain the variation in empirical estimates in the literature on the elasticity of foreign direct investment with respect to company tax levels. To that end, we extend the meta analysis of De Mooij and Ederveen (2003) by considering an alternative classification of the literature, including new studies that have recently become available, and by paying more systematic attention to various control variables in primary studies. We find that the type of capital data and tax data exert a systematic impact on reported elasticities. Also controlling for openness and agglomeration tendencies appears to significantly affect the elasticity values

Intangible barriers to international trade: a sectoral approach

This paper studies the importance of intangible barriers to trade in explaining variation in disaggregate international trade. The analysis is based on a sample of 55 countries for the year 2000. We explicitly focus on the importance of institutional and cultural dimensions of distance. Our results reveal there is substantial heterogeneity in the impact of intangible barriers for different product groups. More specifically, we find that cultural differences do not affect total trade significantly, whereas trade in homogeneous goods is significantly negatively affected. A possible explanation for this pattern is that the substitution effect between trade and FDI is stronger for more differentiated products

Terugkeer naar de veertigurige werkweek

Nederlandse werknemers werken relatief weinig. Verschillen tussen OESO-landen in aantal gewerkte uren per werkende kunnen slechts deels worden verklaard door verschillen in arbeidsmarktinstituties. Sociale normen omtrent de gebruikelijke werktijd lijken veel belangrijker

Acute phase inflammation is characterized by rapid changes in plasma/peritoneal fluid N-glycosylation in mice.

To access publisher's full text version of this article, please click on the hyperlink in Additional Links field or click on the hyperlink at the top of the page marked Files. This article is open access.Murine zymosan-induced peritonitis is a widely used model for studying the molecular and cellular events responsible for the initiation, persistence and/or resolution of inflammation. Among these events, it is becoming increasingly evident that changes in glycosylation of proteins, especially in the plasma and at the site of inflammation, play an important role in the inflammatory response. Using matrix-assisted laser desorption/ionization time-of-flight mass spectrometry (MALDI-TOF-MS)-based glycosylation profiling, we investigated the qualitative and quantitative effect of zymosan-induced peritonitis on N-glycosylation in mouse plasma and peritoneal fluid. Our results show that both N-glycomes exhibit highly similar glycosylation patterns, consisting mainly of diantennary and triantennary complex type N-glycans with high levels (>95 %) of galactosylation and sialylation (mostly NeuGc) and a medium degree of core fucosylation (30 %). Moreover, MS/MS structural analysis, assisted by linkage-specific derivatization of sialic acids, revealed the presence of O-acetylated sialic acids as well as disialylated antennae ("branching sialylation") characterized by the presence of α2-6-linked NeuGc on the GlcNAc of the NeuGcα2-3-Galβ1-3-GlcNAc terminal motif. A significant decrease of (core) fucosylation together with an increase of both α2-3-linked NeuGc and "branching sialylation" were observed in N-glycomes of mice challenged with zymosan, but not in control mice injected with PBS. Importantly, substantial changes in glycosylation were already observed 12 h after induction of peritonitis, thereby demonstrating an unexpected velocity of the biological mechanisms involved.Dutch Arthritis Association (Reumafonds) LLP-24 Innovative Medicines Initiative Joint Undertaking (IMI JU)/ 115142-2 Netherlands Genomic Initiative/93511033 info:eu-repo/grantAgreement/EC/FP7/278535info:eu-repo/grantAgreement/EC/FP7/27853

Групповая эргатическая совместимость авиационных операторов в процессе эксплуатации авионики

Рассмотрены проблемы групповой эргатической совместимости авиационных операторов (пилотов, авиадиспетчеров, технического персонала) и использования технических средств для оценки групповой эргатической совместимости операторов как средства повышения авиационной безопасности за счет более тщательного отбора кандидатов для совместной работы в составе лeтных и космических экипажей.Розглянуто питання проблеми групової ергатичної сумісності авіаційних операторів (пілотів, авіадиспетчерів, технічного персоналу) і використання технічних пристроїв для оцінки групової ергатичної сумісності операторів як засобу підвищення авіаційної безпеки за рахунок більш кращого відбору кандидатів для спільної роботи у складі льотних і космічних екіпажів.We issued the problems of group ergatic aircraft operators (pilots, air traffic controllers, technicians) and the use of technical devices to assess the compatibility of the group ergatic operators as means of improving aviation safety through a better selection of candidates to work together as part of flight and space crews. In this research article to better selection of candidates for collaboration in the space flight crews and the authors propose to use modern computers with appropriate software. This computer complex will answer a number of important issues related to ensuring: compatibility Soames, rational distribution of functions between components ergatic systems, proper interaction with the machine operators as well as each other in normal and special situations professional selection, preparation and training of aviation operators