How global is FDI? Evidence from the analysis of Theil indices

Frank Bickenbach, Wan-Hsin Liu () and Peter Nunnenkamp

Empirical Economics, 2018, vol. 55, issue 4, No 9, 1603-1635

Abstract: Abstract It is open to question whether the intensified worldwide competition for FDI has reduced its traditionally strong concentration in a few large and relatively advanced host countries. We calculate and decompose Theil indices to track changes in absolute and relative concentration of FDI during the period 1970–2013. We find that both absolute and relative concentration decreased when excluding offshore financial centers from the overall sample. In addition to the narrowing gap between OECD and non-OECD countries, the concentration across non-OECD countries declined for both the absolute and relative measures. This is also true for major subgroups of non-OECD countries. Finally, recent developments indicate that low-income countries are no longer at the losing end of the competition for FDI.

Keywords: Foreign direct investment; Concentration; Theil decomposition (search for similar items in EconPapers)
JEL-codes: F21 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Journal Article: How Global is FDI? Evidence from the Analysis of Theil Indices (2018)
Working Paper: How Global is FDI? Evidence from the Analysis of Theil Indices (2017)
Working Paper: How global is FDI? Evidence from the analysis of Theil indices (2015)
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DOI: 10.1007/s00181-017-1346-y

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