Innovation drivers, value chains and the geography of multinational corporations in Europe

Crescenzi, Riccardo ORCID: 0000-0003-0465-9796, Pietrobelli, Carlo and Rabellotti, Roberta (2014) Innovation drivers, value chains and the geography of multinational corporations in Europe. Journal of Economic Geography, 14 (6). pp. 1053-1086. ISSN 1468-2702

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Abstract

This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional ‘social filter’ conditions. This makes it possible to empirically assess the different role played by such advantages in the location decision of investments at different stages of the value chain and disentangle the differential role of national vs. regional factors. The empirical analysis covers the EU-25 regions and suggests that regional socio-economic conditions are crucially important for the location decisions of investments in the most sophisticated knowledge-intensive stages of the value chain.

Item Type:	Article
Official URL:	http://joeg.oxfordjournals.org/
Additional Information:	© 2013 The Authors
Divisions:	Geography & Environment Spatial Economics Research Centre
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor
JEL classification:	F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment; Long-Term Capital Movements F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R58 - Regional Development Policy
Date Deposited:	07 Aug 2013 07:34
Last Modified:	28 Nov 2024 02:03
Funders:	PRIN 2009
URI:	http://eprints.lse.ac.uk/id/eprint/51482

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