The determinants of inward foreign direct investment: evidence from the European regions.

The aim of this paper is to study the determinants of FDI in the 260 EU NUTS2 regions between 2000 and 2006. After reviewing the relevant literature and the major traits of the FDI regional distribution in the EU, we analyse its drivers. First, we specify the model and perform a factor analysis to r...

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Detalles Bibliográficos
Autores: Villaverde Castro, José|||0000-0002-5393-091X, Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
Tipo de recurso: artículo
Fecha de publicación:2015
País:España
Institución:Universidad de Cantabria (UC)
Repositorio:UCrea Repositorio Abierto de la Universidad de Cantabria
Idioma:inglés
OAI Identifier:oai:repositorio.unican.es:10902/9466
Acceso en línea:http://hdl.handle.net/10902/9466
Access Level:acceso abierto
Palabra clave:Foreign direct investment
Factor analysis
European regions
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spelling The determinants of inward foreign direct investment: evidence from the European regions.Villaverde Castro, José|||0000-0002-5393-091XMaza Fernández, Adolfo Jesús|||0000-0002-7299-3449Foreign direct investmentFactor analysisEuropean regionsThe aim of this paper is to study the determinants of FDI in the 260 EU NUTS2 regions between 2000 and 2006. After reviewing the relevant literature and the major traits of the FDI regional distribution in the EU, we analyse its drivers. First, we specify the model and perform a factor analysis to reduce the vast number of potential determinants to a manageable size. Afterwards, we estimate a reduced version of the model with the extracted factors as independent variables. We find that economic potential, labour market characteristics, technological progress and competitiveness exert a significant impact on FDI location patterns; in contrast, market size and labour regulation do not seem to play any noteworthy role. Finally, we perform some robustness tests to make sure the results are not sensitive to outliers, spatial dependence, size of regions, endogeneity and the consideration of just the top 50 FDI recipient regions.Elsevier LimitedUniversidad de Cantabria20152015-01-01journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articlehttp://hdl.handle.net/10902/9466International Business Review, 2015, 24 (2), pp. 209-223reponame:UCrea Repositorio Abierto de la Universidad de Cantabriainstname:Universidad de Cantabria (UC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:repositorio.unican.es:10902/94662026-06-02T12:39:31Z
dc.title.none.fl_str_mv The determinants of inward foreign direct investment: evidence from the European regions.
title The determinants of inward foreign direct investment: evidence from the European regions.
spellingShingle The determinants of inward foreign direct investment: evidence from the European regions.
Villaverde Castro, José|||0000-0002-5393-091X
Foreign direct investment
Factor analysis
European regions
title_short The determinants of inward foreign direct investment: evidence from the European regions.
title_full The determinants of inward foreign direct investment: evidence from the European regions.
title_fullStr The determinants of inward foreign direct investment: evidence from the European regions.
title_full_unstemmed The determinants of inward foreign direct investment: evidence from the European regions.
title_sort The determinants of inward foreign direct investment: evidence from the European regions.
dc.creator.none.fl_str_mv Villaverde Castro, José|||0000-0002-5393-091X
Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
author Villaverde Castro, José|||0000-0002-5393-091X
author_facet Villaverde Castro, José|||0000-0002-5393-091X
Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
author_role author
author2 Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
author2_role author
dc.contributor.none.fl_str_mv Universidad de Cantabria
dc.subject.none.fl_str_mv Foreign direct investment
Factor analysis
European regions
topic Foreign direct investment
Factor analysis
European regions
description The aim of this paper is to study the determinants of FDI in the 260 EU NUTS2 regions between 2000 and 2006. After reviewing the relevant literature and the major traits of the FDI regional distribution in the EU, we analyse its drivers. First, we specify the model and perform a factor analysis to reduce the vast number of potential determinants to a manageable size. Afterwards, we estimate a reduced version of the model with the extracted factors as independent variables. We find that economic potential, labour market characteristics, technological progress and competitiveness exert a significant impact on FDI location patterns; in contrast, market size and labour regulation do not seem to play any noteworthy role. Finally, we perform some robustness tests to make sure the results are not sensitive to outliers, spatial dependence, size of regions, endogeneity and the consideration of just the top 50 FDI recipient regions.
publishDate 2015
dc.date.none.fl_str_mv 2015
2015-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10902/9466
url http://hdl.handle.net/10902/9466
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier Limited
publisher.none.fl_str_mv Elsevier Limited
dc.source.none.fl_str_mv International Business Review, 2015, 24 (2), pp. 209-223
reponame:UCrea Repositorio Abierto de la Universidad de Cantabria
instname:Universidad de Cantabria (UC)
instname_str Universidad de Cantabria (UC)
reponame_str UCrea Repositorio Abierto de la Universidad de Cantabria
collection UCrea Repositorio Abierto de la Universidad de Cantabria
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.301603

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