Determinants of FDI for Spanish regions: evidence using stock data
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Determinants of FDI for Spanish regions: evidence using stock dataFecha de publicación
2020-12-01Editor
SpringerISSN
0377-7332Cita bibliográfica
Camarero, M., Montolio, L. & Tamarit, C. Determinants of FDI for Spanish regions: evidence using stock data. Empir Econ 59, 2779–2820 (2020). https://doi.org/10.1007/s00181-019-01748-8Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://link.springer.com/article/10.1007%2Fs00181-019-01748-8Versión
info:eu-repo/semantics/acceptedVersionPalabras clave / Materias
Resumen
After decades of academic debate on the factors that determine FDI, the discussion still remains open. This article empirically investigates the determinants of FDI activity using Spanish regional data (NUTS 2) for ... [+]
After decades of academic debate on the factors that determine FDI, the discussion still remains open. This article empirically investigates the determinants of FDI activity using Spanish regional data (NUTS 2) for the period 2004–2013. We apply the Poisson pseudo-maximum-likelihood estimator with country-origin fixed effects in a gravity framework and implement an exploratory factor analysis to avoid collinearity problems. The empirical analysis revealed the following allocation patterns: FDI locational strategies in the Spanish regions are determined significantly by the economic potential, competitiveness and agglomeration effects of the regions, and to a lesser extent, by the productive capacity. We also confirm the adequacy of using the stock of FDI in the empirical analysis and obtain an improved specification of the model compared to previous literature based on FDI flows. The results allow us to draw some policy implications about the prospective promotion of incoming FDI at the subnational level. [-]
Publicado en
Empirical Economics 59, 2779–2820 (2020)Entidad financiadora
FEDER and the AEI-Spanish Ministry of Economy and Competitiveness | European Social Fund and the Valencian regional government
Código del proyecto o subvención
BES-2015-072395 and ECO2014-58991-C3-2-R and ECO2017-83255-C3-3-P | Generalitat Valenciana-PROMETEO 2018/102
Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- IEI_Articles [116]
- ECO_Articles [693]