Innovation drivers, value chains and the geography of multinational corporations in Europe

Riccardo Crescenzi, Carlo Pietrobelli and Roberta Rabellotti

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional ‘social filter’ conditions. This makes it possible to empirically assess the different role played by such advantages in the location decision of investments at different stages of the value chain and disentangle the differential role of national vs. regional factors. The empirical analysis covers the EU-25 regions and suggests that regional socio-economic conditions are crucially important for the location decisions of investments in the most sophisticated knowledge-intensive stages of the value chain.

Keywords: Innovation; multinationals; systems of innovation; value chains; regions; European Union (search for similar items in EconPapers)
JEL-codes: F21 F23 O33 R12 R58 (search for similar items in EconPapers)
Date: 2014-08-12
New Economics Papers: this item is included in nep-cse, nep-geo, nep-ino, nep-int, nep-tid and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (79)

Published in Journal of Economic Geography, 12, August, 2014, 14(6), pp. 1053-1086. ISSN: 1468-2702

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Journal Article: Innovation drivers, value chains and the geography of multinational corporations in Europe (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:51482

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