The measurement implications of offshore profit shifting

Fatih Guvenen, Dylan Rassier, Kim Ruhl and Raymond Mataloni
Additional contact information
Dylan Rassier: Bureau of Economic Analysis
Raymond Mataloni: U.S. Department of Commerce

No 1196, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: We show how the offshore profit shifting of U.S. multinational firms affects the measurement of the U.S. economy. Relative to the unadjusted measures, productivity growth increases, the labor share of income decreases, the trade deficit shrinks, and the return to U.S. direct investment abroad is closer to the return on foreign direct investment in the United States.

Date: 2019
New Economics Papers: this item is included in nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed019:1196

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