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Agglomeration economies and the location of foreign direct investment: empirical evidence from Romania
Agglomerationsvorteile und der Standort von ausländischen Direktinvestitionen: empirische Evidenz aus Rumänien
[Zeitschriftenartikel]
Abstract We exploit the large inflow of FDI into Romania, after the revolution in 1989, to study the determinants of FDI location in transition economies. Using a conditional logit setup and choice-specific fixed effects, we find that external economies from service agglomeration are the main determinant of ... mehr
We exploit the large inflow of FDI into Romania, after the revolution in 1989, to study the determinants of FDI location in transition economies. Using a conditional logit setup and choice-specific fixed effects, we find that external economies from service agglomeration are the main determinant of FDI-location. An increase in service employment density by 10 percent makes the average Romanian county 11.9 percent more likely to attract a foreign investor. Industry specific foreign and domestic agglomeration economies and labor conflicts also impact FDI-location. A comparison with findings of other studies suggests that service agglomeration economies may be geographically quite localized.... weniger
Klassifikation
Raumplanung und Regionalforschung
Volkswirtschaftslehre
Freie Schlagwörter
Agglomeration economies; Foreign direct investment; Transition economies
Sprache Dokument
Englisch
Publikationsjahr
2010
Seitenangabe
S. 355-371
Zeitschriftentitel
Regional Studies, 44 (2010) 3
DOI
https://doi.org/10.1080/00343400902783230
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)