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Outward Investments and Productivity : Evidence from European Regions

Castellani, Davide LU and Pieri, Fabio (2016) In Regional Studies 50(12). p.1945-1964
Abstract

Castellani D. and Pieri F. Outward investments and productivity: evidence from European regions, Regional Studies. 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... (More)

Castellani D. and Pieri F. Outward investments and productivity: evidence from European regions, Regional Studies. 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.

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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Europe, Foreign investments, Regional productivity growth
in
Regional Studies
volume
50
issue
12
pages
20 pages
publisher
Taylor & Francis
external identifiers
  • scopus:84921326635
ISSN
0034-3404
DOI
10.1080/00343404.2014.981149
language
English
LU publication?
yes
id
11e66cf1-9737-4a36-a47b-7597e8de148b
date added to LUP
2016-12-02 13:19:07
date last changed
2017-02-05 04:55:38
@article{11e66cf1-9737-4a36-a47b-7597e8de148b,
  abstract     = {<p>Castellani D. and Pieri F. Outward investments and productivity: evidence from European regions, Regional Studies. 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.</p>},
  author       = {Castellani, Davide and Pieri, Fabio},
  issn         = {0034-3404},
  keyword      = {Europe,Foreign investments,Regional productivity growth},
  language     = {eng},
  month        = {12},
  number       = {12},
  pages        = {1945--1964},
  publisher    = {Taylor & Francis},
  series       = {Regional Studies},
  title        = {Outward Investments and Productivity : Evidence from European Regions},
  url          = {http://dx.doi.org/10.1080/00343404.2014.981149},
  volume       = {50},
  year         = {2016},
}