The geography of foreign investments in the EU neighbourhood
Andrea Ascani (),
Riccardo Crescenzi and
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
This paper aims at investigating the drivers of Multinational Enterprise (MNE) investment in countries linked to the 'core' of the European Union (EU-15) by different degrees of functional, economic and political integration: the EU 'New' Member states, Accession and Candidate countries, European Neighbourhood Policy countries, as well as Russia. Understanding the drivers of Foreign Investment (FDI) in these countries is highly relevant in consideration of their increasing integration into the global market and the strong influence exerted by the EU on this process. By employing data on individual greenfield investment projects for the period 2003 to 2008, this paper aims to disentangle the drivers of FDI in these countries for different industrial sectors, business functions and investment origins. The empirical results suggest that FDI in the area tends to follow market-seeking and efficiency-oriented strategies, and show path-dependency and concentration patterns that may reinforce core-periphery development trajectories in the EU neighbourhood.
Keywords: multinational enterprises; FDI; location choices; European Union; European neighbourhood policy (search for similar items in EconPapers)
JEL-codes: R14 J01 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-geo and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Published in Tijdschrift Voor Economische En Sociale Geografie, 1, February, 2017, 108(1), pp. 76-91. ISSN: 0040-747X
Downloads: (external link)
http://eprints.lse.ac.uk/63698/ Open access version. (application/pdf)
Journal Article: The Geography of Foreign Investments in the EU Neighbourhood (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:63698
Access Statistics for this paper
More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().