Inversions estrangeres -- Models economètrics

No. 03 - Mar. 2007 - A Value chain analysis of foreign direct investment (Bulletí de "la Caixa" economic papers) / Claudia Canals  

Públic ISBD [number or issue]  és un butlletí de "la Caixa" economic papers (2006-) Títol : No. 03 - Mar. 2007 - A Value chain analysis of foreign direct investment Tipus de document : text imprès Autors : Claudia Canals, Autor ; Marta Noguer, Autor Data de publicació : 2007 Nombre de pàgines : 29 p. ll. : il. col., gràf. Dimensions : 29 cm Nota general : També disponible en versió electrònica Inclou bibliografia Idioma : Anglès (eng) Matèries : Inversions estrangeres -- Models economètrics Classificació : 913 Inversió internacional Resum : This paper analyzes the determinants of FDI. We use a new data set covering greenfield and expansion projects at a detailed value chain level to examine which factors influence the decision to invest abroad. Our empirical framework is an augmented gravity model that incorporates elements of factor proportions theory. At the aggregate level, we find that distance discourages FDI, size and sharing a language encourages it, and that FDI targets relatively capital-scarce countries. When we classify investment projects according to their stage in the chain of production, we observe a lot of variation across stages. Nevertheless, economic size, distance, and capital abundance are still determining factors for most value chain stages and preserve the sign of their effect. Moreover, even though the results confirm FDI targetting capital scarce countries, we find evidence of a minimum requirement on the host country's capital endowment in all the stages of production except extraction. Finally, ease of doing business is also important, especially so for the location of regional headquarters. Enllaç al recurs electrònic : http://lacaixaresearch.com/documents/10180/53163/ep03_eng.pdf/42d8a78a-a15a-43eb [...] Format del recurs electrònic : Accés lliure Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=bulletin_display&id [number or issue]  és un butlletí de "la Caixa" economic papers (2006-) No. 03 - Mar. 2007 - A Value chain analysis of foreign direct investment [text imprès] / Claudia Canals, Autor ; Marta Noguer, Autor . - 2007 . - 29 p. : il. col., gràf. ; 29 cm. També disponible en versió electrònica Inclou bibliografia Idioma : Anglès (eng) Matèries : Inversions estrangeres -- Models economètrics Classificació : 913 Inversió internacional Resum : This paper analyzes the determinants of FDI. We use a new data set covering greenfield and expansion projects at a detailed value chain level to examine which factors influence the decision to invest abroad. Our empirical framework is an augmented gravity model that incorporates elements of factor proportions theory. At the aggregate level, we find that distance discourages FDI, size and sharing a language encourages it, and that FDI targets relatively capital-scarce countries. When we classify investment projects according to their stage in the chain of production, we observe a lot of variation across stages. Nevertheless, economic size, distance, and capital abundance are still determining factors for most value chain stages and preserve the sign of their effect. Moreover, even though the results confirm FDI targetting capital scarce countries, we find evidence of a minimum requirement on the host country's capital endowment in all the stages of production except extraction. Finally, ease of doing business is also important, especially so for the location of regional headquarters. Enllaç al recurs electrònic : http://lacaixaresearch.com/documents/10180/53163/ep03_eng.pdf/42d8a78a-a15a-43eb [...] Format del recurs electrònic : Accés lliure Permalink : https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=bulletin_display&id

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