A new FDI potential index : design and application to the EU regions.

The aim of this paper is to propose a new way of computing the FDI Potential Index to address the issue of FDI attractiveness at the EU regional level. This new index employs a sound way of selecting the variables involved in its construction, for which a factor analysis is performed. Accordingly, s...

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Autores: Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449, Villaverde Castro, José|||0000-0002-5393-091X
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:10902/9476
Acceso en línea:http://hdl.handle.net/10902/9476
Access Level:acceso abierto
Palabra clave:FDI potential index
FDI performance index
UNCTAD FDI typology
Factor analysis
European regions
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spelling A new FDI potential index : design and application to the EU regions.Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449Villaverde Castro, José|||0000-0002-5393-091XFDI potential indexFDI performance indexUNCTAD FDI typologyFactor analysisEuropean regionsThe aim of this paper is to propose a new way of computing the FDI Potential Index to address the issue of FDI attractiveness at the EU regional level. This new index employs a sound way of selecting the variables involved in its construction, for which a factor analysis is performed. Accordingly, six factors (“economic potential”, “market size”, “labour situation”, “technological progress”, “labour regulation” and “competitiveness”) are identified. Next, by applying the methodology of composite indicators and considering different weighting and aggregation schemes, three versions (un-weighted linear, weighted linear and weighted geometric) of the new FDI Potential Index are computed. Afterwards, the comparison of the weighted linear version of the Potential Index with the conventional FDI Performance Index allows us to apply the United Nations Conference on Trade and Development (UNCTAD) FDI typology. The results reveal considerable heterogeneity among EU regions in terms of FDI attractiveness, and that regions belonging to the same group of the UNCTAD classification are highly concentrated from a geographical perspective. In view of these findings, we compute an additional version of both the FDI Potential and Performance indices, in which the geographical location of each region plays a key role. Based on these spatial indices, some general policy implications are drawn.RoutledgeTaylor & FrancisUniversidad 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/10902/9476European planning studies, Volume 23, 2015 - Issue 12, pp. 2535-2565reponame:UCrea Repositorio Abierto de la Universidad de Cantabriainstname:Universidad de Cantabria (UC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:repositorio.unican.es:10902/94762026-06-02T12:39:31Z
dc.title.none.fl_str_mv A new FDI potential index : design and application to the EU regions.
title A new FDI potential index : design and application to the EU regions.
spellingShingle A new FDI potential index : design and application to the EU regions.
Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
FDI potential index
FDI performance index
UNCTAD FDI typology
Factor analysis
European regions
title_short A new FDI potential index : design and application to the EU regions.
title_full A new FDI potential index : design and application to the EU regions.
title_fullStr A new FDI potential index : design and application to the EU regions.
title_full_unstemmed A new FDI potential index : design and application to the EU regions.
title_sort A new FDI potential index : design and application to the EU regions.
dc.creator.none.fl_str_mv Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
Villaverde Castro, José|||0000-0002-5393-091X
author Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
author_facet Maza Fernández, Adolfo Jesús|||0000-0002-7299-3449
Villaverde Castro, José|||0000-0002-5393-091X
author_role author
author2 Villaverde Castro, José|||0000-0002-5393-091X
author2_role author
dc.contributor.none.fl_str_mv Universidad de Cantabria
dc.subject.none.fl_str_mv FDI potential index
FDI performance index
UNCTAD FDI typology
Factor analysis
European regions
topic FDI potential index
FDI performance index
UNCTAD FDI typology
Factor analysis
European regions
description The aim of this paper is to propose a new way of computing the FDI Potential Index to address the issue of FDI attractiveness at the EU regional level. This new index employs a sound way of selecting the variables involved in its construction, for which a factor analysis is performed. Accordingly, six factors (“economic potential”, “market size”, “labour situation”, “technological progress”, “labour regulation” and “competitiveness”) are identified. Next, by applying the methodology of composite indicators and considering different weighting and aggregation schemes, three versions (un-weighted linear, weighted linear and weighted geometric) of the new FDI Potential Index are computed. Afterwards, the comparison of the weighted linear version of the Potential Index with the conventional FDI Performance Index allows us to apply the United Nations Conference on Trade and Development (UNCTAD) FDI typology. The results reveal considerable heterogeneity among EU regions in terms of FDI attractiveness, and that regions belonging to the same group of the UNCTAD classification are highly concentrated from a geographical perspective. In view of these findings, we compute an additional version of both the FDI Potential and Performance indices, in which the geographical location of each region plays a key role. Based on these spatial indices, some general policy implications are drawn.
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/10902/9476
url http://hdl.handle.net/10902/9476
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
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
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Routledge
Taylor & Francis
publisher.none.fl_str_mv Routledge
Taylor & Francis
dc.source.none.fl_str_mv European planning studies, Volume 23, 2015 - Issue 12, pp. 2535-2565
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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