| 000 | 02174nam a22001577a 4500 | ||
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| 999 |
_c523295 _d523295 |
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| 008 | 230804b ||||| |||| 00| 0 eng d | ||
| 100 |
_aShin, Geiguen _942305 |
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| 245 | _aAdvancing public entrepreneurship through state government capacity and competitiveness: The impact of discretionary fiscal policy of American states on worldwide manufacturing industries | ||
| 260 | _aAmerican Review of Public Administration | ||
| 300 | _a53(2), Feb, 2023: p.64-81 | ||
| 520 | _aMany policymakers and administrators have directed efforts to increase foreign manufacturing investment (FMI) due to its potential to raise the employment rate, technological progress, and productivity in their regions. Despite foreign manufacturers’ significant influence on the economies of their host countries, institutional and policy uncertainty creates significant entry barriers for multinational manufacturers. Focusing solely on American state performance in economic development as measured by amounts of FMI, this study suggests that different institutional designs and regulations that affect state taxing and spending decision-making make a difference in FMI in American states. This research empirically assesses the relationship between fiscal federalism and FMI by focusing on the level of fiscal decentralization, federal grants, and fiscally constraining institutions. Testing two different FMI datasets that cover all 50 American states by source country between 1987–2006 and 2008–2016, this study finds that manufacturing firms increase their investment in the states that exercise higher discretion in managing fiscal policy, receive more federal grants, and implement more restrictive taxing and spending regulations. The observed positive impact of fiscal institutions and constraints is more prominent for foreign manufacturing firms in the tax-exemption group.- Reproduced | ||
| 650 |
_aState government performance, Foreign manufacturing investment, Fiscal decentralization, Fiscal Institutions, Tax limit, Supermajority rule, Institutional stability _939676 |
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| 773 | _aAmerican Review of Public Administration | ||
| 906 | _aFOREIGN INVESTMENT | ||
| 942 | _cAR | ||