EconPapers    
Economics at your fingertips  
 

The Effects of Foreign Direct Investment on Local Communities

David Figlio and Bruce Blonigen

Chapter 11 in Foreign Direct Investment, 2019, pp 369-400 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Little evidence exists on the effects of foreign direct investment (FDI) on local communities in the United States, despite evidence that U.S. communities actively bid against each other for FDI. We use detailed county-level panel data from South Carolina across 5-year intervals from 1980 through 1995 to investigate the effect of foreign manufacturing plants on local labor markets and on the level and distribution of local government budgets. We find that foreign investment raises local real wages much more than does domestic investment, but lowers per capita county-government expenditures and redistributes monies away from public school expenditures.

Keywords: Foreign Direct Investment; Multinational Enterprises; Mergers and Acquisitions; Greenfield; Trade Policy; Taxation; Spillovers; Offshoring; Wage Inequality; Firm-Specific Assets; Antidumping; Tariff-jumping; Industrial Organization; Ownership-Location-Internalization Theory (search for similar items in EconPapers)
JEL-codes: F02 F13 F6 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813277014_0011 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813277014_0011 (text/html)
Ebook Access is available upon purchase.

Related works:
Journal Article: The Effects of Foreign Direct Investment on Local Communities (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813277014_0011

Ordering information: This item can be ordered from
sales@wspc.com.sg

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim (tltai@wspc.com.sg).

 
Page updated 2025-03-23
Handle: RePEc:wsi:wschap:9789813277014_0011