Foreign ownership and global city characteristics: unpacking the connectivity of micro-locations
Christian Geisler Asmussen,
Bo Bernhard Nielsen,
Cecilie Dohlmann Weatherall and
Ditte Håkonsson Lyngemark
Regional Studies, 2020, vol. 54, issue 3, 352-365
Abstract:
This paper develops the idea that global city characteristics in distinct micro-locations attract foreign and domestic firms differentially. The hypotheses are tested on a large data set of workplaces during the period 2007–16 and a complex relationship is found between global connectivity and foreign-owned location choice. Specifically, global infrastructure is strongly associated with foreign ownership in the upstream value chain (manufacturing or wholesale), whereas cosmopolitanism exhibits a stronger association with foreign ownership in downstream value-chain activities, such as retail. The agglomeration of producer services in a given location and the likelihood of foreign ownership in that location is higher in highly knowledge-intensive industries.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:54:y:2020:i:3:p:352-365
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DOI: 10.1080/00343404.2019.1623391
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