Savina Princen Louvain School of Management, Université catholique de Louvain and ICM   Louvain School of Management Place des Doyens 1 Louvain-la-Neuve, B-1348   savina.princen@uclouvain.be             JEL Areas: H3 : Fiscal Policies and Behavior of Economic Agents: General F2 : International Factor Movements and International Business: General