Measuring Profit Shifting Using “Resident” Information: The PSM-ROC Method

IF 3.3 2区经济学 Q1 BUSINESS, FINANCE

Imf Economic Review Pub Date : 2024-04-18 DOI:10.1057/s41308-024-00238-x

Federico Sallusti

引用次数: 0

Abstract

This paper presents a novel method to estimate Base Erosion and Profit Shifting (BEPS) at the micro level employing solely the information on resident business units (MNEs and domestics). The method contributes to the existing literature in two ways. Firstly, focusing on microdata referring to resident business units it overcomes the challenge associated to the availability and reliability of worldwide firm-level databases, which is currently a critical issue in BEPS measurement. Secondly, BEPS estimates at the MNE level enable the results to be applied in several research areas, such as informing specific policies, adjusting National Accounts and measuring Illicit Financial Flows. The application of the method to the Italian economy suggests significant findings: approximately 6 out of 10 MNEs shift their profits abroad; estimated BEPS amounts to slightly less than 25.9 billion euros, accounting for 1.4% of the Italian GDP at current prices in 2019.

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利用 "居民 "信息衡量利润转移：PSM-ROC 方法

本文提出了一种在微观层面估算税基侵蚀和利润转移（BEPS）的新方法，该方法仅使用常驻企业单位（多国企业和国内企业）的信息。该方法在两个方面对现有文献做出了贡献。首先，该方法以常住企业单位的微观数据为重点，克服了与全球企业级数据库的可用性和可靠性相关的挑战，而这正是目前 BEPS 测量中的一个关键问题。其次，BEPS 在多国企业层面的估算结果可应用于多个研究领域，如为具体政策提供信息、调整国民账户和衡量非法资金流动。将该方法应用于意大利经济的研究结果表明：每 10 家跨国企业中约有 6 家将利润转移到国外；估计的 BEPS 金额略低于 259 亿欧元，占 2019 年意大利国内生产总值（按当前价格计算）的 1.4%。

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来源期刊

Imf Economic Review Multiple-

CiteScore

5.50

自引率

4.70%

发文量

期刊介绍： The IMF Economic Review is the official research journal of the International Monetary Fund (IMF). It is dedicated to publishing peer-reviewed, high-quality, context-related academic research on open-economy macroeconomics. It emphasizes rigorous analysis with an empirical orientation that is of interest to a broad audience, including academics and policymakers. Studies that borrow from, and interact with, other fields such as finance, international trade, political economy, labor, economic history or development are also welcome. The views presented in published papers are those of the authors and should not be attributed to, or reported as, reflecting the position of the IMF, its Executive Board, or any other organization mentioned herein. Comments “The IMF Economic Review has been uniquely successful in publishing papers that rigorously analyze real international macroeconomic problems and in a manner that has immediate policy relevance. This success is owed to a great extent to the high quality of the editorial board, which is able to identify papers that are both relevant for policy and are executed using state-of-the-art tools so as to make the analysis compelling.” - Gita Gopinath, Economic Counsellor and Director of Research, IMF “IMF Economic Review is devoted to state-of-the-art research on the global economy. Given the Fund''s unique position on the front lines of surveillance and crisis management, anyone interested in international economic policy or in macroeconomics more generally will find this journal to be essential reading.” - Maurice Obstfeld, Professor of Economics at University of California, Berkeley; and former Economic Counsellor and Director of Research, IMF “There is great need for a rigorous academic publication that addresses the key global macro questions of our times. This is what the IMF Economic Review aims to be.” - Pierre-Olivier Gourinchas, Professor of Economics at University of California, Berkeley; and former Editor of the IMF Economic Review “To navigate the global crisis, and to take the best policy decisions, will require mobilizing and extending the knowledge we have about open economy macro, from the implications of liquidity traps, to the dangers of large fiscal deficits, to macro-financial interactions, to the contours of a better international monetary and financial system. My hope and my expectation is that the IMF Economic Review will be central to the effort.” - Olivier J. Blanchard, Peterson Institute for International Economics; former Economic Counsellor and Director of Research Department, IMF