What Drives the Location of Spanish Multinationals in Developing and Transition Countries?
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INVESTIGACIONMetadades
Títol
What Drives the Location of Spanish Multinationals in Developing and Transition Countries?Data de publicació
2018-01Editor
WileyISSN
1363-6669; 1467-9361Cita bibliogràfica
ALGUACIL, Maite; MARTÍ, Josep; ORTS, Vicente. What drives the localization of Spanish multinationals in developing and transition countries?. Review of Development Economics, 2018, vol. 22, núm.1, p. 242-262.Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://onlinelibrary.wiley.com/doi/10.1111/rode.12338/abstractVersió
info:eu-repo/semantics/acceptedVersionParaules clau / Matèries
Resum
In this paper, we investigate the location determinants of Spanish multinational firms in developing and
transition economies. We pay particular attention to the role played by market potential and agglomeration
e ... [+]
In this paper, we investigate the location determinants of Spanish multinational firms in developing and
transition economies. We pay particular attention to the role played by market potential and agglomeration
economies as decisive factors in location. We also analyse whether, beyond the observed attributes, there
are any significant differences across regions in terms of attracting foreign affiliates. With this aim, we
estimate a mixed logit model, which allows us to endogenously consider the existence of complex
substitution patterns among different destinations. Our results confirm that Spanish investment in
developing and transition countries depends on market potential and agglomeration externalities. The
intensity of these externalities, however, depends on the nationality of competitors, greater rivalry being
observed among Spanish-owned affiliates. Furthermore, our findings show that the location of
multinational firms responds both to factors related to the local business environment, including the cost
and quality of labour and infrastructures, and to the existence of specific regional effects [-]
Publicat a
Review of Development Economics, 2018, vol. 22, no 1, p. 242-262.Proyecto de investigación
Spanish Ministerio de Economía y Competitividad Grant No. ECO2014-58975-P University Jaume I Grant No. UJI-B2016-53Drets d'accés
"This is the pre-peer reviewed version of the following article: [ALGUACIL, Maite; MARTÍ, Josep; ORTS, Vicente. What drives the localization of Spanish multinationals in developing and transition countries?. Review of Development Economics, 2018, vol. 22, núm.1, p. 242-262.], which has been published in final form at [https://doi.org/10.1111/rode.12338]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving."
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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