Regional foreign direct investment in manufacturing. Do agglomeration economies matter?

Regional Studies

Volumn 42, Issue 4, 2008, Pages 505-522

  Pelegrín, Angels ^a   Bolancé, Catalina ^a  

^a UNIVERSITY OF BARCELONA   (Spain)

Author keywords

Agglomeration economies; Foreign direct investment; Industry traits; Panel data; Regional manufacturing location

Indexed keywords

AGGLOMERATION; FOREIGN DIRECT INVESTMENT; MANUFACTURING; MODELING; PANEL DATA; REGIONAL ECONOMY; RESEARCH AND DEVELOPMENT;

EID: 46749123519     PISSN: 00343404     EISSN: 13600591     Source Type: Journal    
DOI: 10.1080/00343400701543157     Document Type: Article

References (53)

1. Alcaide Inchausti, J. and Alcaide Guindo, P. (2002) Avance de las magnitudes económicas en el 2001 y serie provisional del balance economico regional (Economic data for 2001 and provisional series of economic regional balance), 1995-2001. Cuadernos de Informacion Economica, 167, pp. 1-54.
2. Arrow, K. (1962) Economic welfare and the allocation of resources for invention. The Rate and Direction of Inventive Activity, Princeton University Press, Princeton, NJ
3. Audretsch, D. B. (1998) Agglomeration and location of innovative activity. Oxford Review of Economic Policy, 14, pp. 18-29.
4. Bajo-Rubio, O. and Lopez-Pueyo, C. (2002) Foreign direct investment in a process of economic integration: The case of Spanish manufacturing, 1986-1992. Journal of Economic Integration, 17, pp. 85-103.
5. Baltagi, B. H. (2001) Econometric Analysis of Panel Data, Wiley, Chichester
6. Barry, F., Gorg, H. and Strobl, E. (2003) Foreign direct investment, agglomerations and demonstration effects: An empirical investigation. Review of World Economics, 139, pp. 583-600.
7. Bartik, T. J. (1985) Business location decisions in the United States: estimates of the effects of unionization, taxes, and other characteristics of States. Journal of Business and Economic Statistics, 3, pp. 14-22.
8. Buckley, P. J. and Casson, M. (1976) The Future of the Multinational Enterprise, pp. 38-39. Macmillan, London
9. Cantwell, J. and Iammarino, S. (2003) Multinational Corporations and European Regional Systems of Innovation, Routledge, London
10. Cantwell, J. and Piscitello, L. (2005) Recent location of foreign-owned research and development activities by large multinational corporations in the European regions: The role of spillovers and externalities. Regional Studies, 39, pp. 1-16.
11. Carlton, D. W. (1983) The location and employment choices of new firms: an econometric model with discrete and continuous endogenous variables. Review of Economics and Statistics, 65, pp. 440-449.
12. Chung, W. and Alcacer, J. (2002) Knowledge seeking and location choice of foreign direct investment in the United States. Management Science, 48, pp. 1534-1554.
13. Coughlin, C. C., Terza, J. V. and Arromdee, V. (1991) State characteristics and the location of foreign direct investment within the United States. Review of Economics and Statistics, 73, pp. 675-683.
14. Criscuolo, P., Narula, R. and Verspagen, B. (2005) Role of home and host country innovation systems in R&D internationalization: A patent citation analysis. Economics of Innovation and New Technology, 14, pp. 417-433.
15. Crozet, M., Mayer, T. and Mucchielli, J. J. (2004) How do firms agglomerate? A study of FDI in France. Regional Science and Urban Economics, 34, pp. 27-54.
16. Culem, C. G. (1988) The locational determinants of direct investments among industrialized countries. European Economic Review, 32, pp. 885-904.
17. Driffield, N. and Munday, M. (2000) Industrial performance, agglomeration, and foreign manufacturing investment. Journal of International Business Studies, 31, pp. 21-37.
18. Dunning, J. H. (1981) Explaining the international direct investment position of countries: Towards a dynamic or development approach. Weltwirtschaftliches Archiv, 117, pp. 31-64.
19. Dunning, J. H. (1998) Location and the multinational enterprise: A neglected factor?. Journal of International Business Studies, 29, pp. 45-66.
20. Egea, P. and López Pueyo, C. (1991) Un estudio sobre la distribución geografica de la inversión extranjera directa en España. Información Comercial Española, 696, pp. 105-118.
21. Friedman, J., Gerlowski, D. A. and Silberman, J. (1992) What attracts foreign multinational corporations? Evidence from branch plant location in the United States. Journal of Regional Science, 32, pp. 403-418.
22. Fujita, M. and Krugman, P. (2004) The new economic geography: Past, present and the future. Investigaciones Regionales, 4, pp. 177-206.
23. Fujita, M., Krugman, P. and Venables, A. J. (1999) The Spatial Economy. Cities, Regions, and International Trade, pp. 14-19. MIT Press, Cambridge, MA
24. Guimaraes, P., Figueiredo, O. and Woodward, D. (2000) Agglomeration and the location of direct investment in Portugal. Journal of Urban Economics, 47, pp. 115-135.
25. He, C. (2002) Information costs, agglomeration economies and the location direct investment in China. Regional Studies, 36, pp. 1029-1036.
26. Head, C. K., Ries, J. C. and Swenson, D. L. (1995) Agglomeration benefits and location choice: Evidence from Japanese manufacturing investments in the United States. Journal of International Economics, 38, pp. 223-247.
27. Head, C. K., Ries, J. C. and Swenson, D. L. (1999) Attracting foreign manufacturing: Investment promotion and agglomeration. Regional Science and Urban Economics, 29, pp. 197-218.
28. Hill, S. and Munday, M. (1991) The determinants of inward investment: A Welsh analysis. Applied Economics, 54, pp. 258-266.
29. Hill, S. and Munday, M. (1992) The UK distribution of foreign direct investment: Analysis and determinants. Regional Studies, 26, pp. 535-544.
30. Hoover, E. M. (1936) The measurement of industrial localisation. Review of Economics and Statistics, 18, pp. 162-171.
31. Hymer, S. (1976) The International Operations of National Firms: A Study of Direct Foreign Investment, MIT Press, Cambridge, MA
32. Jacobs, J. (1969) The Economy of Cities, Random House, New York
33. Krugman, P. (1991) Increasing returns and economic geography. Journal of Political Economy, 99, pp. 483-499.
34. Kuemmerle, W. (1999) The drivers of foreign direct investment into research and development: An empirical investigation. Journal of International Business Studies, 30, pp. 1-24.
35. Le Bas, C. and Sierra, C. (2002) Location versus home country advantages in R&D activities: Some further results on multinationals' locational strategies. Research Policy, 31, pp. 589-609.
36. Luger, M. I. and Shetty, S. (1985) Determinants of foreign plant start-ups in the United States: Lessons for policymakers in the Southeast. Vanderbilt Journal of Transnational Law, 18, pp. 223-245.
37. Mariotti, S. and Piscitello, L. (1995) Information costs and location of FDIs within the host country: Empirical evidence from Italy. Journal of International Business Studies, 26, pp. 815-841.
38. Marshall, A. (1920) Principles of Economics, Yale University Press, New Haven, CT
39. Martin, C. (1999) La posición tecnologica de la economia Española en Europa. Una evaluacion global. Papeles de Economía Espanola, 81, pp. 2-19.
40. Mas, M., Perez, F., Uriel, E. and Serrano, L. (2002) Las series de capital humano 1964-2001 (Human capital series 1964-2001). in Capital Humano y Actividad Economica, Bancaja Foundation
41. Maurseth, B. and Verspagen, B. (2002) Knowledge spillovers in Europe: A patent citation analysis. Scandinavian Journal of Economics, 104, pp. 531-545.
42. Narula, R. and Zanfei, A. (2004) Globalization of innovation, the role of multinational enterprises. Handbook of Innovation, Oxford University Press, Oxford
43. Pelegrin, A. (2002) La inversión extranjera directa. Factores determinantes de localización regional. Papeles de Economía Española, 93, pp. 122-134.
44. Porter, M. (1988) La competencia de las industrias globales: Un marco conceptual. Información Comercial Española, pp. 71-100.
45. Romer, P. (1986) Increasing returns and long-run growth. Journal of Political Economy, 94, pp. 1002-1037.
46. Scaperlanda, A. and Balough, R. S. (1983) Determinants of U.S. investment in the E.E.C. European Economic Review, 21, pp. 381-390.
47. Shaver, J. M. (1998) Do foreign-owned and U.S.-owned establishments exhibit the same location pattern in U.S. manufacturing industries?. Journal of International Business Studies, 29, pp. 469-492.
48. Smith, D. F. and Florida, R. (1994) Agglomeration and industrial location: An econometric analysis of japanese-affiliated manufacturing establishments in automotive-related industries. Journal of Urban Economics, 36, pp. 23-41.
49. Thiran, J. M. and Yamawaki, H. (1995) Regional and Country Determinants of Locational Decisions: Japanese Multinationals in European Manufacturing. The Institute of European Studies, The Queen's University of Belfast
50. UNCTAD (2003) World Investment Report, Country Fact Sheet, Spain
51. Venables, A., Redding, S., Midelfart-Knarvik, K. H. and Overman, H. (2000) The Location of European Industry. European Economy. Economic Papers no. 142, European Commission, Brussels
52. Vernon, R. (1972) International investment and international trade in the product circle. International Investment, pp. 305-325. Penguin, Harmondsworth
53. Woodward, D. P. (1992) Locational determinants of Japanese manufacturing start-ups in the United States. Southern Journal of Economics, 53, pp. 690-708.