Location Strategies of Multinationals from Emerging Countries in the EU Regions

Riccardo Crescenzi, Carlo Pietrobelli and Roberta Rabellotti

LEQS – LSE 'Europe in Question' Discussion Paper Series from European Institute, LSE

Abstract: This paper contributes to the current debate in both Economic Geography and International Business on the nature and strategies of Multinational Enterprises (MNEs) from emerging countries (EMNEs). The paper fills a relevant gap in the existing literature by shedding new light on the location strategies of EMNEs at the national and regional level, looking at their investment drivers and systematically comparing them with those of multinationals from advanced countries (AMNEs). The empirical analysis looks at the location choices of MNEs in the European Union (EU-25) regions and unveils that EMNEs follow distinctive location strategies. Their attraction into large regional markets is similar to AMNEs as well as their irresponsiveness to efficiency seeking motives. Conversely, the most knowledge-intensive investments of EMNEs respond mainly to two ‘attraction’ factors: strategic assets (in the form of local technological dynamism) and the agglomeration of foreign investments in the same business functions. In addition, both the national and the regional levels are simultaneously relevant to EMNEs decisions.

Keywords: multinationals; emerging countries; regions; European Union (search for similar items in EconPapers)
JEL-codes: F21 F23 O33 R12 R58 (search for similar items in EconPapers)
Date: 2015-05
New Economics Papers: this item is included in nep-cse, nep-eur, nep-geo, nep-int and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: The location strategies of multinationals from emerging countries in the EU regions (2015)
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