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The geography of foreign investments in the EU neighbourhood

Ascani, Andrea and Crescenzi, Riccardo and Iammarino, Simona (2017) The geography of foreign investments in the EU neighbourhood. Tijdschrift Voor Economische En Sociale Geografie, 108 (1). pp. 76-91. ISSN 0040-747X

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Identification Number: 10.1111/tesg.12198

Abstract

This paper aims at investigating the drivers of Multinational Enterprise (MNE) investment in countries linked to the 'core' of the European Union (EU-15) by different degrees of functional, economic and political integration: the EU 'New' Member states, Accession and Candidate countries, European Neighbourhood Policy countries, as well as Russia. Understanding the drivers of Foreign Investment (FDI) in these countries is highly relevant in consideration of their increasing integration into the global market and the strong influence exerted by the EU on this process. By employing data on individual greenfield investment projects for the period 2003 to 2008, this paper aims to disentangle the drivers of FDI in these countries for different industrial sectors, business functions and investment origins. The empirical results suggest that FDI in the area tends to follow market-seeking and efficiency-oriented strategies, and show path-dependency and concentration patterns that may reinforce core-periphery development trajectories in the EU neighbourhood.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information: © 2016 Royal Dutch Geographical Society KNAG
Subjects: G Geography. Anthropology. Recreation > G Geography (General)
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Geography and Environment
Date Deposited: 23 Sep 2015 15:54
Last Modified: 12 May 2017 10:41
Projects: 266834
Funders: European Commission 7th Framework Programme
URI: http://eprints.lse.ac.uk/id/eprint/63698

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