Regional strategic assets and the location strategies of emerging countries’ multinationals 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 explores the location strategies of Multinational Enterprises (MNEs) from emerging countries (EMNEs) in search for regional strategic assets. The analysis is based on a systematic comparison between EMNEs and multinationals from advanced countries (AMNEs) in order to unveil similarities and differences between these two major sources of foreign investments into the regions of the European Union. The empirical results suggest that EMNEs follow a distinct logic in their location strategies because they are attracted by the availability of technological competences only when their subsidiaries pursue more sophisticated and technology-intensive activities. Conversely EMNEs share some behavioural similarities with AMNEs in their response to the spatial agglomeration of investments.

Keywords: innovation; regions; multinationals; European Union (search for similar items in EconPapers)
JEL-codes: F21 F23 O33 R12 R58 (search for similar items in EconPapers)
Date: 2016-02-01
New Economics Papers: this item is included in nep-cse, nep-geo, nep-int and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Published in European Planning Studies, 1, February, 2016, 24(4), pp. 645-667. ISSN: 0965-4313

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Journal Article: Regional strategic assets and the location strategies of emerging countries’ multinationals in Europe (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:64603

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