Rethinking Investment Incentives

Rethinking Investment Incentives

Trends and Policy Options

Edited by: Ana Teresa Tavares-Lehmann, Perrine Toledano, Lise Johnson and Lisa Sachs

Columbia University Press | 2016

https://doi.org/10.7312/tava17298

Overview
Contents

About this book

This collection illustrates the different types and uses of investment initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.

This collection illustrates the different types and uses of investment initiatives worldwide. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show how to increase the mobility of capital to better attract, direct, and retain investments and how to craft policy to ensure incentives endure.

Author information

Ana Teresa Tavares-Lehmann is associate professor of economics at the School of Economics, University of Porto, and head of international business at the University of Porto Business School.

Perrine Toledano is the head of extractive industries at the Columbia Center on Sustainable Investment (CCSI).

Lise Johnson is the head of investment law and policy at CCSI.

Lisa Sachs is the director of CCSI.

Reviews

Ram Mudambi, Temple University:
In today's world, increasingly mobile multinational enterprises (MNEs) and immobile locations are locked in a co-evolutionary embrace. They need each other in the manner of bees and flowers. The benefits to locations from MNE knowledge spillovers create powerful arguments for government investment incentives. Hence I welcome this volume, edited as it is by four experts who collectively have many decades of relevant experience. They have assembled an enviable team of specialists who examine investment incentives from all the important perspectives – theory, practice and policy. I highly recommend this volume to scholars as well as policymakers.

Karl Sauvant, Columbia University:
What are the costs and benefits of the incentives used to attract new foreign investment? How can governments maximize the positive impact of available capital? Rethinking Investment Incentives addresses these and other important questions in national foreign direct investment policy. This volume will be of great value to anyone seeking to explore the complicated set of issues surrounding contemporary investment incentives.

Frontmatter Free access PDF PDF	i
Contents Free access PDF PDF	v
Foreword Access restricted Content is available PDF PDF	vii
1. Introduction Ana Teresa Tavares-Lehmann, Lisa Sachs, Lise Johnson and Perrine Toledano Access restricted Content is available PDF PDF	1
Part I. Investment Incentives: An Introduction
2. Types of Investment Incentives Ana Teresa Tavares-Lehmann Access restricted Content is available PDF PDF	17
3. Definitions, Motivations, and Locational Determinants of Foreign Direct Investment Sarianna M. Lundan Access restricted Content is available PDF PDF	45
Part II. A Global Overview of Investment Incentives
4. The Use of Investment Incentives: The Cases of R&D-Related Incentives and International Investment Agreements Christian Bellak and Markus Leibrecht Access restricted Content is available PDF PDF	63
5. Incentives in the European Union Philippe Gugler Access restricted Content is available PDF PDF	94
6. Incentives in the United States Charles Krakoff and Chris Steele Access restricted Content is available PDF PDF	122
7. Tax Incentives Around the World Sebastian James Access restricted Content is available PDF PDF	153
Part III. Designing Incentives Programs to Get Value for Money and Achieve Intended Goals
8. A Holistic Approach to Investment Incentives Louis Brennan and Frances Ruane Access restricted Content is available PDF PDF	179
9. Investment Incentives for Sustainable Development James Zhan and Joachim Karl Access restricted Content is available PDF PDF	204
10. Cost-Benefit Analysis of Investment Incentives Ellen Harpel Access restricted Content is available PDF PDF	228
Part IV. Reducing Incentives Competition: Regulatory Efforts to Limit “Races to the Bottom”
11. Regulation of Investment Incentives: National and Subnational Efforts to Regulate Competition for Investment Through the Use of Incentives Kenneth P. Thomas Access restricted Content is available PDF PDF	251
12. Regulation of Investment Incentives: Instruments at an International/Supranational Level Lise Johnson Access restricted Content is available PDF PDF	264
13. Conclusions: Outstanding Issues on the Design and Implementation of Incentives Policies Lise Johnson, Perrine Toledano, Lisa Sachs and Ana Teresa Tavares-Lehmann Access restricted Content is available PDF PDF	323
Acknowledgments Access restricted Content is available PDF PDF	329
Contributors Access restricted Content is available PDF PDF	331
Index Access restricted Content is available PDF PDF	335

Rethinking Investment Incentives

Trends and Policy Options

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