Publication Date:
2014-10-09
Description:
This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional ‘social filter’ conditions. This makes it possible to empirically assess the different role played by such advantages in the location decision of investments at different stages of the value chain and disentangle the differential role of national vs. regional factors. The empirical analysis covers the EU-25 regions and suggests that regional socio-economic conditions are crucially important for the location decisions of investments in the most sophisticated knowledge-intensive stages of the value chain.
Keywords:
F21 - International Investment
;
Long-Term Capital Movements, F23 - Multinational Firms
;
International Business, O33 - Technological Change: Choices and Consequences
;
Diffusion Processes, R12 - Size and Spatial Distributions of Regional Economic Activity, R58 - Regional Development Policy
Print ISSN:
1468-2702
Electronic ISSN:
1468-2710
Topics:
Geography
,
Economics
Permalink