FDI Determinant Factors: The Case of Catalan Multinational Manufacturing Firms

Montserrat Álvarez ()
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Montserrat Álvarez: Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB)

No 2003/4, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: In recent years, and for the first time in Spanish economic history, outward direct investment flows outweigh inward flows. Catalan manufacturing not only mirrors this pattern, but also represents a high proportion of all Spanish manufacturing outward direct investment. In this paper, we analyse the factors that determine outward direct investment by Catalan manufacturing firms. We apply Dunning's eclectic paradigm, which distinguishes between ownership, internalisation and location advantages. In applied studies, these advantages have usually been approximated by variables relating to the investing firm and variables about host countries. Our research endeavours to identify which of these variables determine the probability of a manufacturing Catalan firm to own production subsidiaries overseas.

Keywords: Catalonia; Eclectic paradigm; Foreign direct investment; Multinational interprises (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2003-4

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