Does the complexity of the ownership structure of multinational enterprises (MNEs) serve tax avoidance? This Working Paper uses firm-level cross-country data to show that affiliates belonging to more complex MNEs are more likely to bunch around zero profit, which is consistent with complexity enabling tax avoidance by multinationals. Only the more complex MNEs shift profits away from their high-tax affiliates, while MNEs with flat ownership structures do not display such pattern. Manon Francois, Vincent Vicard

The Working Paper studies how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999– 2011. Authors highlight the indirect effect of robotization on relative demand for labor via GVC integration. Lionel Fontagné, Ariell Reshef, Gianluca Santoni, Giulio Vannelli

International Economics is a peer-reviewed journal devoted to the publication of research in the area of applied international economics. The journal especially welcomes empirical contributions that include, but are not limited to, topics in international trade, commercial policy, open economy macroeconomics, international finance, exchange rates, financial and monetary policies, economic development, migration and factor movements.
The May 2023 issue is available online. The August issue is in progress but contains articles that are final and fully citable.