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The spatial econometrics of FDI and third country effects

The spatial econometrics of FDI and third country effects Different fundamental methodological spatial econometric issues are discussed not yet addressed by the existent empirical literature on FDI and third country effects that explains why it has failed to find results consistent with formal theory. This is demonstrated by taking the baseline spatial econometric model developed by Blonigen et al. (Eur Econ Rev 51:1303–1325, 2007) as point of departure and using US data on outbound FDI into 20 European countries observed over the 1999–2008 period. By refining the spatial econometric approach, we find significant empirical evidence in favor of competition among European countries in attracting US companies, and results that are consistent with export-platform and pure vertical FDI motives. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Letters in Spatial and Resource Science Springer Journals

The spatial econometrics of FDI and third country effects

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References (23)

Publisher
Springer Journals
Copyright
Copyright © 2014 by Springer-Verlag Berlin Heidelberg
Subject
Economics / Management Science; Regional/Spatial Science; Agricultural Economics; Geographical Information Systems/Cartography; Landscape/Regional and Urban Planning; Environmental Economics; Demography
ISSN
1864-4031
eISSN
1864-404X
DOI
10.1007/s12076-014-0125-z
Publisher site
See Article on Publisher Site

Abstract

Different fundamental methodological spatial econometric issues are discussed not yet addressed by the existent empirical literature on FDI and third country effects that explains why it has failed to find results consistent with formal theory. This is demonstrated by taking the baseline spatial econometric model developed by Blonigen et al. (Eur Econ Rev 51:1303–1325, 2007) as point of departure and using US data on outbound FDI into 20 European countries observed over the 1999–2008 period. By refining the spatial econometric approach, we find significant empirical evidence in favor of competition among European countries in attracting US companies, and results that are consistent with export-platform and pure vertical FDI motives.

Journal

Letters in Spatial and Resource ScienceSpringer Journals

Published: Sep 2, 2014

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