Spatial determinants of US FDI and exports in OECD countries

被引：15

作者：

Boubacar, Inoussa ^{[1
]}

机构：

[1] Clarion Univ Pennsylvania, Dept Econ, 323 Still Hall, Clarion, PA 16214 USA

来源：

ECONOMIC SYSTEMS | 2016年 / 40卷 / 01期

关键词：

Exports; Foreign direct investments; OECD; Spatial econometrics; Third-country effects; FOREIGN DIRECT-INVESTMENT; TRADE; JAPANESE; SUBSTITUTION; DISTANCE; GROWTH; MODEL;

D O I：

10.1016/j.ecosys.2015.04.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

World foreign direct investment (FDI) flows have been characterized by an unprecedented growth over the last four decades, with an uneven distribution across countries. This paper analyzes the spatial interdependence/third-country effects of multinational enterprises (MNE) for affiliate location choice and spillover effects of foreign direct investment (FDI). We specify a simultaneous equations model estimated using the generalized spatial two-stage least squares method on a sample of 25 OECD recipient countries of U.S. FDI during the period spanning the years 1999-2009. Our results lend support to the existence of complex vertical FDI and the significance of third-country effects, which is indicative of agglomeration economies. (C) 2015 Elsevier B.V. All rights reserved.

引用

页码：135 / 144

页数：10

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