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Innovation Drivers, Value Chains and the Geography of Multinational Firms in European Regions

Riccardo Crescenzi and Carlo Pietrobelli & Roberta Rabellotti
Authors registered in the RePEc Author Service: Carlo Pietrobelli () and Roberta Rabellotti ()

No 3, Europe in Question Discussion Paper Series of the London School of Economics (LEQs) from London School of Economics / European Institute

Abstract: "This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional social filter conditions. The introduction of a wider set of attraction factors makes is possible to empirically assess the different role played by such advantages in the location decision of investments at different stages of the value chain and disentangle the differential role of national vs. local and regional factors. The empirical analysis covers the EU-25 regions and suggests that regional-socio economic conditions are crucially important for an understanding of the location investment decisions in the most sophisticated knowledge-intensive stages of the value chain."

Keywords: regions (search for similar items in EconPapers)
Date: 2012-10-01
New Economics Papers: this item is included in nep-cse, nep-cwa, nep-eur, nep-geo, nep-ino, nep-knm, nep-sbm and nep-ure
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Related works:
Working Paper: Innovation drivers, value chains and the geography of multinational firms in European regions (2012) Downloads
Working Paper: Innovation Drivers, Value Chains and the Geography of Multinational Firms in European Regions (2012) Downloads
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