6533b853fe1ef96bd12acb66
RESEARCH PRODUCT
Outward Investments and Productivity: Evidence from European Regions
Davide CastellaniFabio Pierisubject
0211 other engineering and technologiesDistribution (economics)Regional productivity growth02 engineering and technologyInternational tradeForeign direct investmentSocial Sciences (all)Negatively associated0502 economics and businessEurope; Foreign investments; Regional productivity growth; 2300; Social Sciences (all)media_common.cataloged_instanceForeign investments050207 economicsEuropean unionProductivityGeneral Environmental Sciencemedia_commonEurope; Foreign investments; Regional productivity growth; Social Sciences (all); 2300EstimationInternational investment2300business.industry05 social sciencesGeneral Social Sciences021107 urban & regional planningInternational economicsEuropeRegional studiesBusinessdescription
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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2016-01-01 |