英文文献：Working Paper 310 - Tax Policy, Foreign Direct Investment and Spillover Effects-工作文件310 -税收政策、外国直接投资和溢出效应
英文文献作者：Boly Amadou,Seydou Coulibaly,Eric Kéré Nazindigouba
英文文献摘要：
Foreign direct investment (FDI) inflows are crucial for economic development. To attract them, countries have typically used tax incentives, specifically reductions in corporate income tax (CIT) rates. This paper empirically assesses the impact of such CIT rate changes on FDI net inflows in Africa. Using a dynamic spatial Durbin model with fixed effects, our results show that cuts in CIT rates increase FDI net inflows in the host country and in the neighboring countries in the short and long run. These results are robust to the use of alternative spatial weighting matrices as well as the inclusion of additional controls in the baseline specification. Furthermore, we find a strategic complementarity in FDI inflows between the countries in our sample, suggesting that an increase in FDI inflows in a host country is likely to stimulate FDI inflows of its neighbors. JEL Code: C23, E62, F21, H25.

外国直接投资(FDI)流入对经济发展至关重要。为了吸引他们，各国通常采取税收激励措施，特别是降低企业所得税(CIT)税率。本文实证地评估了这种税率变动对非洲FDI净流入的影响。利用具有固定效应的动态空间德宾模型，我们的结果表明，从短期和长期来看，降低CIT利率会增加东道国和邻国的FDI净流入。这些结果对于使用替代的空间加权矩阵以及基线规范中附加的控制都是稳健的。此外，我们发现样本国家之间的FDI流入具有战略互补性，表明东道国FDI流入的增加可能会刺激邻国的FDI流入。JEL代码:C23, E62, F21, H25。