Outward Investments and Productivity: Evidence from European Regions

被引:23
|
作者
Castellani, Davide [1 ,2 ,3 ]
Pieri, Fabio [4 ]
机构
[1] Univ Perugia, Dept Econ, Via A Pascoli 20, I-06123 Perugia, Italy
[2] Ctr Studi Luca dAgliano, Milan, Italy
[3] CIRCLE, Lund, Sweden
[4] Univ Valencia, Dept Econ Aplicada, Avinguda Tarongers S-N, E-46022 Valencia, Spain
关键词
Regional productivity growth; Foreign investments; Europe; FOREIGN DIRECT-INVESTMENT; RESEARCH-AND-DEVELOPMENT; LEVEL EVIDENCE; SPILLOVERS; FDI; GROWTH; AGGLOMERATION; LOCATION; FIRMS; GLOBALIZATION;
D O I
10.1080/00343404.2014.981149
中图分类号
F [经济];
学科分类号
02 ;
摘要
Castellani D. and Pieri F. Outward investments and productivity: evidence from European regions, Regional Studies. Using a novel data set on international investment projects, this paper builds measures of outward foreign direct investments (FDIs) for 262 regions of the European Union. This allows as estimation to be made of regressions of productivity growth over the 2007-11 period as a function of the number of FDIs. The number of outward FDIs in manufacturing activities is negatively associated with productivity growth in the home region, but investments in sales, distribution and marketing are associated with a boost in local productivity. This is driven especially by investments towards non-European Union locations. This evidence qualifies the fear of hollowing-out as a consequence of outward investments.
引用
收藏
页码:1945 / 1964
页数:20
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