000 01545nab a2200265 c 4500
999 _c146613
_d146613
003 ES-MaIEF
005 20221021183021.0
007 ta
008 221021t2022 us ||||| |||| 00| ||eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
245 0 0 _aOffshore profit shifting and aggregate measurement
_bbalance of payments, foreign investment, productivity, and the labor share
_c Fatih Guvenen... [et al.]
500 _aResumen
504 _aBibliografía
520 _aWe show how offshore profit shifting by US multinational enterprises affects several key measures of the US economy. Profits shifted out of the United States grew rapidly from the mid-1990s to 2010 and have since waned. From 1982–2016, on average, 38 percent of income attributed to US direct investment abroad is reattributable to the United States. We find that adjusting for profit shifting shrinks the trade deficit, decreases the return on US foreign direct investment abroad, boosts productivity growth rates in the late 1990s and early 2000s, and lowers labor's share of income.
650 4 _aEROSIÓN DE LA BASE IMPONIBLE Y TRASLADO DE BENEFICIOS
_963148
650 4 _aEMPRESAS MULTINACIONALES
_943600
650 4 _aECONOMIA
_943074
650 4 _aINVERSIONES
_947531
650 4 _aINGRESOS FISCALES
_947378
650 4 _aPRODUCTIVIDAD
_948148
650 4 _aESTADOS UNIDOS
_942888
700 1 _aGuvenen, Fatih
_953459
773 0 _9168200
_oOP 234/2022/6
_tThe American Economic Review
_w(IEF)103372
_x 0002-8282
_gv. 112, n. 6, June 2022, p. 1848-1884
942 _cART