Capital mobility in OECD countries: A multi-level factor approach to saving–investment correlations

Global Corporate Income Tax Competition, Knowledge Spillover, and Growth

“…In contrast, we do not focus on imperfect capital mobility, but on international knowledge spillover. This is because capital mobility has increased significantly in recent years (Hwang and Kim 2018). Miyazawa et al (2019) consider tax competition when the spillover effect of capital across countries exists.…”

“…Associating this with ( 5), ( 8), ( 16), ( 17), ( 25), ( 27), (28), and the total sunk costs of the final goods sector,…”

“…Therefore, ( 44) and ( 45), associated with, ( 5), ( 8), ( 16), ( 46), ( 25), ( 27), (28), and total expenditure of the final goods sector (…”

“…Second, productive public spending improves countries' conditions for tax competition by providing the locating firms with environmental benefit, as Görg et al (2009) and Hauptmeier (2012) empirically demonstrate. Third, the integration of the financial market has raised capital mobility in recent years (Hwang and Kim 2018). More importantly, the accessibility of the global financial market provides more flexible choices of location around the world for firms.…”

Capital Mobility in the World: TPP Experience

“…Drakos, Kouretas, and Vlamis (2017) discovered that there exists a strong relationship between saving and investment in the long-run that is consistent with the existence of a financial constraint for 14 EU countries. Hwang and Kim (2018) demonstrated that the global and country-specific factors account for almost 50% of the saving-capital mobility and has increased particularly in Europe.…”