Using a novel data set on international investment projects, this paper builds measures of outward foreign direct investments (FDIs) for 262 regions of the European Union. This allows as estimation to be made of regressions of productivity growth over the 2007–11 period as a function of the number of FDIs. The number of outward FDIs in manufacturing activities is negatively associated with productivity growth in the home region, but investments in sales, distribution and marketing are associated with a boost in local productivity. This is driven especially by investments towards non-European Union locations. This evidence qualifies the fear of hollowing-out as a consequence of outward investments.

Outward Investments and Productivity: Evidence from European Regions / Castellani, Davide; Pieri, Fabio. - In: REGIONAL STUDIES. - ISSN 0034-3404. - ELETTRONICO. - 50:12(2016), pp. 1945-1964. [10.1080/00343404.2014.981149]

Outward Investments and Productivity: Evidence from European Regions

Pieri, Fabio
2016-01-01

Abstract

Using a novel data set on international investment projects, this paper builds measures of outward foreign direct investments (FDIs) for 262 regions of the European Union. This allows as estimation to be made of regressions of productivity growth over the 2007–11 period as a function of the number of FDIs. The number of outward FDIs in manufacturing activities is negatively associated with productivity growth in the home region, but investments in sales, distribution and marketing are associated with a boost in local productivity. This is driven especially by investments towards non-European Union locations. This evidence qualifies the fear of hollowing-out as a consequence of outward investments.
2016
12
Castellani, Davide; Pieri, Fabio
Outward Investments and Productivity: Evidence from European Regions / Castellani, Davide; Pieri, Fabio. - In: REGIONAL STUDIES. - ISSN 0034-3404. - ELETTRONICO. - 50:12(2016), pp. 1945-1964. [10.1080/00343404.2014.981149]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/168311
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