The investment development path in space

Alexandros Ragoussis ()
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Alexandros Ragoussis: OECD Statistics Directorate - OECD Statistics Directorate

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Abstract: Although spatial hypotheses are not new in the FDI literature, their examination in the dynamic context of the 'investment development path' (IDP) provides some new insights. In this paper, we examine proximity to markets at different stages of the IDP as a determinant of a country's own foreign direct investment (FDI) pattern. Our main contribution lies in the empirical estimation of the importance of spatial determinants for the emergence of inward and outward FDI. Our results support that distance to countries at higher stages up the IDP which are better integrated into the world FDI network, has a negative effect on the probability of transition from any stage of the IDP to the next. The magnitude of the impact is generally increasing in the stage of the surrounding markets.

Keywords: Foreign direct investment; Investment development path; F21; F23 (search for similar items in EconPapers)
Date: 2011-02-16
Note: View the original document on HAL open archive server: https://hal.science/hal-00670756
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Published in Review of World Economics, 2011, 147 (3), pp.527-541. ⟨10.1007/s10290-011-0089-7⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00670756

DOI: 10.1007/s10290-011-0089-7

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