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Tax havens and the production of offshore FDI: an empirical analysis
journal contribution
posted on 2023-06-08, 19:57 authored by Daniel HaberlyDaniel Haberly, Dariusz WójcikWhile most research on foreign direct investment (FDI) focuses on the ‘real’ economy, at least 30% of global FDI stock is intermediated through tax havens. Using 2010 IMF data on FDI stocks, this article sheds new light on geographical, historical and political determinants of offshore FDI. Despite its intangibility, offshore FDI is as sensitive to physical distance as real FDI. Offshore FDI links are particularly strong between colonial powers and their current and former colonies. The OECD, while officially leading an agenda against tax evasion, internalizes significant offshore FDI within its membership. Indeed, offshore FDI is pervasive, affecting wealthy economies as much as developing countries.
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- Published
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- Published version
Journal
Journal of Economic GeographyISSN
1468-2702Publisher
Oxford University PressExternal DOI
Issue
1Volume
15Page range
75-101Department affiliated with
- International Relations Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2015-02-05First Compliant Deposit (FCD) Date
2021-03-04Usage metrics
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