How Global is FDI? Evidence from the Analysis of Theil Indices

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

No 8, KCG Working Papers from Kiel Centre for Globalization (KCG)

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: 2017
New Economics Papers: this item is included in nep-int and nep-opm
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https://www.econstor.eu/bitstream/10419/175672/1/KCG-Working-Paper-8.pdf (application/pdf)

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 (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kcgwps:8

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