Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/231227
Authors: 
Evenett, Simon J.
Year of Publication: 
2016
Citation: 
[Journal:] Aussenwirtschaft [ISSN:] 0004-8216 [Volume:] 67 [Year:] 2016 [Issue:] 1 [Pages:] 71-90
Abstract: 
During the past seven years, Swiss-EU economic relations have deteriorated, with the vote by the Swiss people in 2014 in favor of immigration limits bringing matters to a head. Using the latest available data on the financial performance of US multinationals operating across Europe, this paper estimates how large the revenue and cost shocks that could follow a rupture of Swiss-EU relations would need to be to alter return on investment calculations enough so as to possibly induce multinationals to relocate to other European locations. Of Switzerland's immediate neighbors, only Austria poses a potential threat in this regard. Excluding Europe's periphery, returns on US assets invested in the Netherlands fall just short of those in Switzerland.
Subjects: 
Switzerland
European Union
Multinational corporations
Foreign direct
Investment
Non-tariff barriers
Trade costs
JEL: 
F15
F23
Document Type: 
Article

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