Data and Code for: Offshore Profit Shifting and Aggregate Measurement: Balance of Payments, Foreign Investment, Productivity, and the Labor Share

Principal Investigator(s):  View help for Principal Investigator(s) Fatih Guvenen, University of Minnesota, FRB of Minneapolis, and NBER; Raymond J. Mataloni Jr., Formerly of the Bureau of Economic Analysis; Dylan G. Rassier, Bureau of Economic Analysis; Kim J. Ruhl, University of Wisconsin – Madison and NBER

Version:  View help for Version V1

Name File Type Size Last Modified
  0-confidential-data-replication-files 01/20/2022 06:08:PM
  1-raw-data 01/20/2022 06:05:PM
  2-code 02/22/2022 10:46:AM
  3-intermediate-files 01/20/2022 06:01:PM
  4-figures 01/20/2022 06:00:PM
  4-numbers-in-text 01/20/2022 06:00:PM
  4-tables 01/20/2022 06:00:PM
README.md text/x-web-markdown 20.2 KB 02/22/2022 05:25:AM

Project Citation: 

Guvenen, Fatih, Mataloni Jr., Raymond J., Rassier, Dylan G., and Ruhl, Kim J. Data and Code for: Offshore Profit Shifting and Aggregate Measurement: Balance of Payments, Foreign Investment, Productivity, and the Labor Share . Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-06-02. https://doi.org/10.3886/E160302V1

Project Description

Summary:  View help for Summary This is the data and code needed to replicate the tables, figures, and numbers reported in the manuscript associated with this project.

ABSTRACT

Abstract We show how offshore profit shifting by U.S. multinational enterprises affects several key measures of the U.S. 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 U.S. direct investment abroad is reattributable to the United States. We find that adjusting for profit shifting shrinks the trade deficit, decreases the return on U.S. foreign direct investment abroad, boosts productivity growth rates in the late 1990s and early 2000s, and lowers labor's share of income.

Scope of Project

Subject Terms:  View help for Subject Terms National accounting ; Multinational enterprises; Profit shifting; Productivity; FDI; Trade balance; Tax havens
JEL Classification:  View help for JEL Classification
      E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
      F23 Multinational Firms; International Business
      O40 Economic Growth and Aggregate Productivity: General
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1/1/1983 – 12/31/2016
Universe:  View help for Universe U.S. multinational enterprises.
Data Type(s):  View help for Data Type(s) aggregate data; program source code


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V1 [2022-06-02]

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