논문KCI 등재
Optimal Expensing of Multinational Corporation’s R&D in the Presence of Externalities
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Abstract
This paper explores how the externality effects of the multinational corporation's (MNC) R&D influence countries in determining their optimal national expensing rules for the MNC's R&D expenditures. This analysis lends itself to an explanation of why different countries adopt different expensing rules and why in general full efficiency fails to obtain worldwide with respect to the expensing of R&D expenditures incurred to MNCs. The MNC's ownership distribution and the size of other firms are also examined for their effects on optimal expensing policy. Exposition is also provided to enlighten on economic consequences when countries engage in an infinitely long-term relationship.
참고문헌 (15)
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관련 논문AI추천
Optimal Taxation Welfare and International Technology Transfer under Market Structure Change임형록, Craig Parsons경제연구소 · Journal of Economic Research (JER)2005 · 제10권 제1호International R&D Spillover and Inequality구영완, 김승년, 이성훈한국경제학회 · The Korean Economic Review2005 · 제21권 제1호Transfer Pricing and Direct Foreign Investment with Expropriation Risk최용제, Hadi S. Esfahani한국경제학회 · The Korean Economic Review2004 · 제20권 제1호International R&D Spillovers through Information Networks이광훈경제연구소 · Journal of Economic Development2005 · 제30권 제1호Technological Asymmetry, Externality, and Merger: The Case of a Three-Firm IndustryChing Chyi Lee, Tarun Kabiraj경제연구소 · Seoul Journal of Economics2003 · 제16권 제1호ENDOGENOUS SPILLOVERS AND A COSTLY RESEARCH JOINT VENTUREJEOUNG-EONKIM한국경제학회 · The Korean Economic Review2003 · 제19권 제2호
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