How global is FDI? Evidence from the analysis of Theil indices

Frank Bickenbach, Wan-Hsin Liu () and Peter Nunnenkamp

No 2015, Kiel Working Papers from Kiel Institute for the World Economy

Abstract: It is open to question whether the intensified worldwide competition for FDI has reduced its traditionally strong concentration in a few large and relatively advanced host countries. We calculate and decompose Theil indices to track changes in absolute and relative concentration of FDI during the period 1970-2013. We find that both absolute and relative concentration decreased when excluding offshore financial centers from the overall sample. In addition to the narrowing gap between OECD and non-OECD countries, the concentration across non-OECD countries declined - for major subgroups and for both the absolute and relative measures. Finally, recent developments indicate that low-income countries are no longer at the losing end of the competition for FDI.

Keywords: foreign direct investment; concentration; Theil decomposition (search for similar items in EconPapers)
JEL-codes: F21 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: How global is FDI? Evidence from the analysis of Theil indices (2018)
Journal Article: How Global is FDI? Evidence from the Analysis of Theil Indices (2018)
Working Paper: How Global is FDI? Evidence from the Analysis of Theil Indices (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:2015

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