Regional social context and FDI. An empirical investigation on Chinese acquisitions in Europe
| Autor: | Chiara Pollio, Lauretta Rubini, Francesca Spigarelli, Ping Lv |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
Chinese FDI SH2_2 SH1_2 Social environment Socio-culturale Foreign direct investment Settore SECS-P/06 - Economia Applicata Industrial policy SH1_9 Europe Brownfield Economica Spillover effect social context Europe regions Chinese FDI industrial policy Multinational corporation social context Economics regions Economic geography Set (psychology) Backlash industrial policy |
| Popis: | European regions are characterized by different economic, technical and social conditions. Such differences might also explain the different strength of European regions in attracting foreign direct investments (FDI). Following recent strands of literature, in this paper we try to identify whether the presence of regional differences in the social context, once considering a set of regional characteristics related to the economic structure and innovative endowments, affects the location of multinational enteprises. To do so, we develop an empirical model using data on Chinese brownfield investments towards European regions. Our results confirm that social context overall matters in location choices, even if heterogeneous effects arise when taking into account technological differences in target sectors. Our evidence is useful in increasing the awareness of policy-makers and of the academic debate on the necessity to consider possible spillover and backlash effects both of social policies and of FDI attraction initiatives. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|