Jones, Jonathan and Wren, Colin (2009) The dynamics of FDI location: a markov analysis for British regions. SERC Discussion Papers, SERCDP0035. Spatial Economics Research Centre (SERC), London School of Economics and Political Science, London, UK.
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The paper uses the framework of Markov chains to examine convergence in the location of inward foreign direct investment across the regions of Great Britain over 1985-2005. An analysis is undertaken by industry group that disaggregates manufacturing and services. It finds convergence in regional FDI shares, both overall and by industry, which supports agglomeration. As explanations, a weakening of regional policy has led manufacturing FDI to spread-out from ‘north’ to ‘south’, but in services there is a shift in FDI location within the ‘south’ from core to contiguous regions, suggesting diseconomies at the core. The paper finds different spatial processes and draws implications for regional policy.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2009 Jonathan Jones and Colin Wren|
|Library of Congress subject classification:||G Geography. Anthropology. Recreation > G Geography (General)
H Social Sciences > HC Economic History and Conditions
|Sets:||Research centres and groups > Spatial Economics Research Centre
Collections > Economists Online
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