The green transition faces significant challenges due to economic and policy uncertainty. Unpredictable returns on investments, especially in renewable energy, hinder innovation in this crucial sector. This column examines the impact of uncertainty on renewable energy patents. The findings show that a rise in uncertainty reduces green innovation by up to 1.5%, with stronger effects […]
The extent to which geographic distance is a barrier to technological knowledge transfer is of interest to governments of countries distant from centres of knowledge creation or technology production; to entrepreneurs deciding where to locate a new firm that will need to remain abreast of technological developments; and to national or local policymakers seeking to […]
Following the release of the Panama Papers and the Pardise Papers, there has been renewed research into profit shifting by multinational firms. This column utilises a novel dataset to show that well-managed subsidiaries, independently of their headquarters, allow a company to be more responsive to tax changes, shifting more profits from high-tax to low-tax jurisdictions. […]
