Badinger, Harald, Egger, Peter. 2017. Spacey Parents and Spacey Hosts in Foreign Direct Investment. Economica, 84 (335), 480-497.

RIS

@ARTICLE{Badinger2017,
title = {Spacey Parents and Spacey Hosts in Foreign Direct Investment},
author = {Harald Badinger and Peter Egger},
year = {2017},
doi = {http://dx.doi.org/10.1111/ecca.12177},
volume = {84},
number = {335},
language = {EN},
pages = {480-497},
journal = {Economica},
abstract = {Shocks on FDI of some parent country in a host affect the same parent's FDI in other hosts. Shocks on a parent's FDI in some host affect other parents' FDI in the same host. In general equilibrium, shocks on FDI between any country pair will affect all country pairs' FDI. Using cross-sectional data on FDI among 22 OECD countries in 2000, we use a spatial estimation framework to allow for all three modes of interdependence simultaneously, thereby distinguishing between market-size-related and remainder interdependence. Our results highlight the complexity of multinational enterprises' investment strategies and the interconnectedness of the world investment system.},
}