CDS-KNRaj Library

Updates from K.N. Raj Library, CDS, Thiruvananthapuram

Competition for Foreign Capital: Endogenous Objective, Public Investment and Tax

by Rupayan Pal and Ajay Sharma IGIDR WP-2011-021, September 2011 In this paper we endogenize the objective functions of the regions as well as their decision to provide public investment in a model of competition for foreign owned mobile capital. We demonstrate that the competing regions can ‘restrict race-to-the-bottom’ in tax rates by deviating away [...]

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