FDI and the Multinational Corporation: 
New Theories and Evidence
 
Training and Mobility of Researchers Network

Papers

The papers produced under the auspices of this network fall under three main categories:

CEPR Discussion Papers of the Network

Joint Publications

Other related publications from the network

CEPR Discussion Papers of the Network

DP1961 The International Division of Industries: Clustering and Comparative Advantage in a Multi-Industry Model
Author(s):Anthony J. Venables
Publication Date: 31/08/1998

Joint publications from the network...

Baldwin, R (CEPR), Braconier, H (IUI) and R Forslid (SNF and SSE), ‘Multinationals, Endogenous Growth and Technical Spillovers: Theory and Evidence’, CEPR Discussion Paper No. 2155.

Baldwin, R E (CEPR), Forslid, R (SNF and SSE), Haaland, J I (SNF) and K-H Midelfart Knarvik (SNF), ‘EU Integration and Outsiders: A Simulation Study of Industrial Location’, NHH/SNF Discussion Paper 02/00.

Baldwin, R E (CEPR) and R Forslid (SNF and SSE), ‘Tax Competition and the Nature of Capital’, CEPR Discussion Paper 3607.

Barba Navaretti, G (CSLA) and Venables, A. (LSE) eds. ‘Multinational Enterprises and Foreign Direct Investment: Theory and Evidence’, mimeo.

Barba Navaretti, G (CSLA), Haaland J. (Norwegian School of Economics and Business Administration and CEPR) and Venables, A. (LSE) ‘Multinational Corporations and Global Production Networks: The Implications for Trade Policy’, Report prepared for the European Commission Directorate General for Trade.

Barrios, S (UCD), Görg H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Multinational Enterprises and New Trade Theory: Evidence for the Convergence Hypothesis’, Centre for Research on Globalisation and Labour Markets Research Paper 2000/19 and CEPR Discussion Paper DP2827, June 2001.

Barrios, S (UCD), Görg H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Explaining Firms' Export Behaviour: The Role of R&D and Spillovers’, FEDEA Working Paper, Madrid, 2001-12.

Barrios, S (UCD), Dimelis, S (IMOP), Louri, H (IMOP) and E Strobl (UCD), ‘Foreign Direct Investment and Efficiency Spillovers in the EU Periphery: A Comparative Study of Greece, Ireland and Spain’, Economica, December 2001.

Barry, F (UCD), Görg H (University of Ulster, University of Nottingham and SSE) and A McDowell (Forfás – Irish development agency), ‘Outward FDI and the Investment Development Path of a Late-Industrialising Economy: Evidence from Ireland’, Regional Studies, forthcoming.

Barry, F (UCD), Görg H (University of Ulster, University of Nottingham and SSE), and E Strobl (UCD), ‘Foreign Direct Investment and Wages in Domestic Firms: Productivity Spillovers vs Labour-Market Crowding Out’.

Barry, F (UCD), Görg H (University of Ulster, University of Nottingham and SSE), and E Strobl (UCD), ‘Foreign Direct Investment, Agglomerations, and Demonstration Effects: An Empirical Investigation’, CEPR Discussion Paper DP2907.

Bourgheas, S, Görg, H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Are R&D Firms Financially Constrained? Evidence from Irish Manufacturing’, University of Nottingham GEP Research Paper 2001/16, 2001.

Braconier, H (IUI and CSLA), Ekholm, K (SSE, NHH/SNF and LSE) and K-H Midelfart Knarvik (NHH/SNF and CEPR), ‘Does FDI Work as a Channel for R&D Spillovers: Evidence Based on Swedish Data’, CEPR Discussion Paper 2469, June 2000.

Braconier, H (IUI and CSLA), Ekholm, K (SSE, NHH/SNF and LSE) and K-H Midelfart Knarvik (NHH/SNF), ‘The Impact of Inward and Outward FDI on Growth’, mimeo, 1999.

Braconier, H (IUI and CSLA) and K Ekholm (LSE, SNF and SSE), ‘Competition for Multinational Activity in Europe: The Role Played by Wages and Market Size’, mimeo.

Braconier, H (IUI and CSLA) and K Ekholm (LSE, SNF and SSE), ‘Foreign Direct Investment in Eastern and Central Europe: The Case of Swedish Multinationals’, CEPR Discussion Paper No. 3052. November 2001.

Braconier, H (IUI and CSLA), Norback P,J, and D Urban (CSLA and LSE), ‘Re-estimating and Testing the Knowledge Capital Model’, mimeo.

Braconier, H (IUI and CSLA), Norback P,J, and D Urban (CSLA and LSE), ‘Vertical FDI Revisited’, Centro Studi d´Agliano - Queen Elizabeth House Development Studies Working Papers No. 167, 2002 [submitted for journal publication].

Braunerhjelm, P (IUI), Faini, F (CSLA and Italian Treasury), Norman, V (SNF), Ruane, F (Trinity College Dublin) and P Seabright (University of Cambridge and CEPR), Integration And The Regions Of Europe: How The Right Policies Can Prevent Polarization, Monitoring European Integration 10 (CEPR, London).

Duranton, G (LSE) and Puga, D (CEPR), ‘Diversity and Specialization in Cities: Why, Where and When Does It Matter’, CEPR Discussion Paper 2256, October 1999.

Ekholm, K (SSE, NHH/SNF and LSE) and R Forslid (SNF), ‘Agglomeration in a Core-Periphery Model with Vertically- and Horizontally-Integrated Firms’, CEPR Discussion Paper no. 1607, March 1997, revised spring 1999 as ‘Trade and Location with Horizontal and Vertical Multi-Region Firms’ in Scandinavian Journal of Economics.

Ekholm, K (LSE, SNF and SSE) and K-H Midelfart Knarvik (SNF), ’Relative Wages and Trade-induced Changes in Technology’, CEPR Discussion Paper no. 2677.

Faggio, G (LSE), and J Konings (CEPR), ‘Gross Job flows and Firm Growth in Transition Countries: Evidence Using Firm-level Data on Five Countries’, CEPR Discussion paper no. 2261.

Forslid, R (SNF/NHH), and I Wooton (CEPR), ‘Comparative Advantage and the Location of Production, CEPR Discussion Paper No. 2118, March 1999.

Görg H (University of Ulster, University of Nottingham and SSE), and E Strobl (UCD), ‘Multinational Companies and Indigenous Development: An Empirical Analysis’, European Economic Review, forthcoming.

Görg, H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Multinational Companies and Productivity Spillovers: A Meta-Analysis’, Economic Journal, Vol. 111, pp. F723-F739.

Görg, H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Multinational Companies, Technological Spillovers and Firm Survival: Evidence for Irish Manufacturing’, UCD Centre for Economic Research Working Paper.

Görg, H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Multinational Companies and the Development of Firm Start-Up Size: Evidence from Quantile Regressions for Ireland’, UCD Centre for Economic Research Working Paper.

Görg, H (University of Ulster, University of Nottingham and SSE) and E Strobl (UCD), ‘Footloose Multinationals?’, Manchester School, forthcoming.

Girma, S, and H Görg, ‘Blessing or Curse? Domestic Plants’ Survival and Employment Prospects after Foreign Acquisition’, EIJS Working Paper No. 130, 2001.

Haaland, J I (SNF), and I Wooton (CEPR), ‘Multinational Investment, Industry Risk, and Policy Competition’, CEPR Discussion Paper No. 3152, January 2002.

Haaland, J I (SNF), Wooton, I (CEPR), and G Faggio (LSE), ‘Multinational Firms: Easy Come, Easy Go?’, Revised version of CEPR Discussion Paper No. 2660, January 2001.

Haaland, J and I Wooton, ‘International Competition for Multinational Investment’, CEPR Discussion Paper No 1937, 1998.

Markusen, J (UPF and CEPR) and A J Venables (LSE), ‘Multinational Firms and the New Trade Theory’, Journal of International Economics, 46, (1998) 183-203.

Markusen, J (UPF and CEPR) and A J Venables (LSE), ‘Foreign Direct Investment as a Catalyst for Industrial Development’, European Economic Review, 43, (1999), 335-356.

Markusen, J (UPF and CEPR) and A J Venables (LSE), ‘The Theory of Endowment, Intra-industry and Multinational Trade’, Journal of International Economics, 52, 2000.

Midelfart Knarvik, K-H (SNF and CEPR), Overman, H G (LSE), Redding, S J (LSE), and AJ Venables (LSE). ‘The Location of European Industry’ (study commissioned by DG Ecofin).

Midelfart Knarvik, K-H (SNF), Overman, H G (LSE) and A J Venables (LSE), ’Comparative Advantage and Economic Geography: Estimating the Location of Production in the EU’, CEPR Discussion paper no. 2618.

Other related publications from the network ...

Publications of CSLA team

Barba Navaretti, G (University of Milan and CSLA), Falzoni A (Università di Bergamo and CSLA), and A Turrini (University of Bergamo; UNCTAD, CEPR and CSLA), ‘The Decision to Invest in a Low-wage Country: Evidence from Italian textiles and clothing Multinationals’, Journal of International Trade and Development, Volume 10, Number 4, December 2001.

Barba Navaretti G (University of Milan and CSLA), Galeotti, M (University of Milan and CSLA), and A Mattozzi (University of Pennsylvania and CSLA) ‘Moving Skills from Hands to Heads: Import of Technology and Export Performance’, revised version, CEPR Discussion Paper No 2525, August 2000, under revision for Research Policy.

Barba Navaretti, G (University of Milan and CSLA), Bussoli, P. (Deutsche Bank, London) von Graevenitz, G.(UCL) and D. Ulph (UCL) , ‘Information Sharing, Research Co-ordination and Membership of Research Joint Ventures’ CEPR Discussion Papers n. 3134, 2002, under revision for International Journal of Industrial Organization.

Barba Navaretti, G (University of Milan and CSLA), Santarelli, E. (University of Bologna) and M. Vivarelli (Università Cattolica, Piacenza), ‘The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economies’, Applied Economics, 2002, 34.

Braconier, H, (IUI and CSLA) and K Ekholm, (SSE, NHH/SNF and LSE) ‘Locating Foreign Affiliates in Germany: The Case of Swedish MNEs’, in Jungnickel, Rolf (ed.), Foreign-Owned Firms – Are They Different?,  Palgrave MacMillan (forthcoming).

Braconier, H (IUI and CSLA) and K Ekholm (SSE, NHH/SNF and LSE), ‘Swedish Multinationals and Competition from High- and Low-Wage Locations’, CEPR Discussion Paper No 2323, December 1999, forthcoming in Review of International Economics.

Braconier, H (IUI and CSLA), Norback P,J, (RIIE) and D Urban (CSLA and LSE), ‘Vertical FDI Revisited’, Centro Studi d´Agliano - Queen Elizabeth House Development Studies Working Papers No. 167, 2002 [submitted for journal publication].

Bruno G S F (Università Bocconi), and A M Falzoni (Università di Bergamo and CSLA), ‘Multinational Corporations, Wages and Employment: Do Adjustment Costs Matter?’, CEPR Discussion Paper No 2471, June 2000, under revision for Applied Economics.

Faini, R (CSLA and Italian Treasury), Falzoni A M (Università di Bergamo and CSLA), Galeotti, M (university of Milano and CSLA) and A Turrini (University of Bergamo; UNCTAD, CEPR and CSLA), ‘Importing Jobs and Exporting Firms? A Close Look at the Labour Market Implications of Italy’s Trade and FDI Investment Flows’, CEPR Discussion Paper No. 2033, December 1998, Giornale degli Economisti e Annali di Economia, Vol. 58, Number 1,  April 1999.

Mori, T (Institute of Economic Research, Kyoto Univ.) and A Turrini (University of Bergamo; UNCTAD, CEPR and CSLA), ‘Skills, Agglomeration and Segmentation’, CEPR Discussion Paper No. 2645, December 2000, under revsion for European  Economic Review.

Turrini, A (University of Bergamo; UNCTAD, CEPR and CSLA), and D Urban (CSLA and LSE), ‘For Whom is MAI? A Theoretical Perspective on Multilateral Agreements on Investment’, CEPR DP 2774, April 2001. [submitted for publication to European Journal of Political Economy].

Papers and Publications of LSE team

Karolina Ekholm

Refereed articles:

Ekholm, K., 1998, Proximity Advantages, Scale Economies, and the Location of Production, in: The Geography of Multinationals, edited by Pontus Braunerhjelm and Karolina Ekholm, Kluwer Academic Publishers.

Braconier, H and Ekholm, K., 2000, Swedish Multinationals and Competition from High- and Low-Wage Locations, Review of International Economics, 8, 448-461.

Ekholm, K. and Forslid, R., 2001, Trade and Location with Horizontal and Vertical Multi-Region Firms, Scandinavian Journal of Economics, 103, 101-118.

Braconier, H. and Ekholm, K., (forthcoming), Locating Foreign Affiliates in Germany: The Case of Swedish MNE:s in Foreign-Owned Firms – Are They Different?, edited by Rolf Jungnickel, Macmillan.

Working papers:

Braconier, H (IUI, Sweden), Ekholm, K (SSE, NHH/SNF and LSE) and K-H Midelfart Knarvik (NHH/SNF), ‘The Impact of Inward and Outward FDI on Growth’, mimeo, 1999.

Braconier, H (IUI) and K Ekholm (LSE, SNF and SSE), ‘Competition for Multinational Activity in Europe: The Role Played by Wages and Market Size’, mimeo.

Braconier, H. Ekholm, K., and K-H Midelfart Knarvik, ‘Does FDI Work as a Channel for R&D Spillovers? Evidence Based on Swedish Data’, CEPR Discussion Paper No. 2469, June 2000.

Ekholm, K., and K-H Midelfart Knarvik, ‘Relative Wages and Trade-Induced Changes in Technology, CEPR Discussion Paper 2677, January 2001.

Braconier, H. and Ekholm, K., 2001, Foreign Direct Investment in Eastern and Central Europe: Employment Effects in the EU, CEPR Discussion Paper 3052.

Braconier, H. and Ekholm, K., 2002, ‘Competition for Multinational Activity in Europe: The Role Played by Wages and Market Size’, mimeo, Stockholm School of Economics, April.

Diego Puga

‘European Regional Policy in Light of Recent Location Theories’, Journal of Economic Geography, 2 (4), October 2002: 372–406.

‘Unemployment Clusters Across Europe’s Regions and Countries’, Economic Policy 34, April 2002: 115–147 (with Henry Overman).

‘Nursery Cities: Urban Diversity, Process Innovation and the Life-cycle of Products’, American Economic Review 91 (5), December 2001, (with Gilles Duranton).

‘Diversity and Specialization in Cities: Why, Where and When does it Happen?’, Urban Studies 37 (3), April 2000: 533–555.

‘Agglomeration and Economic Development: Import Substitution vs. Trade Liberalisation’, Economic Journal 109 (455), April 1999: 292–311 (with Anthony Venables).

‘The Rise and Fall of Regional Inequalities’, European Economic Review 43 (2), February 1999: 303–334.

‘Agglomeration in the Global Economy: A Survey of the “New Economic Geography”’, World Economy 21 (6), August 1998: 707–731 (with Gianmarco I P Ottaviano).

‘Trading Arrangements and Industrial Development’, World Bank Economic Review 12 (2), May 1998: 221–249 (with Anthony Venables)

‘Urbanisation Patterns: European versus Less Developed Countries’, Journal of Regional Science 38 (2), May 1998: 231–252.

‘Preferential Trading Arrangements and Industrial Location’, Journal of International Economics 43 (3–4), November 1997: 347–368 (with Anthony Venables)

‘The Spread of Industry: Spatial Agglomeration in Economic Development’, Journal of the Japanese and International Economies 10 (4), December 1996: 440–464 (with Anthony Venables)

Publications of Natalia Barbosa

Barbosa, N. and H. Louri, ‘On the Determinants of Multinationals’ Ownership Preferences: Evidence from Greece and Portugal’, International Journal of Industrial Organization, 20(3), 493-515, 2000.

Barbosa, N and H Louri, ‘Corporate Performance: Does Ownership Matter? A Comparison of Foreign- and Domestic-owned firms in Greece and Portugal, submitted to the International Journal of Industrial Organization, November 2002.

Publications of UCD Researchers

Elaine Hutson

Refereed Journal Articles:

2001,             “Volume and Volatility in Stocks Subject to Takeovers: Australian Evidence Using Daily Data” (with Colm Kearney) Journal of Empirical Finance 8, July, 273-296.

2000   , “Our Iron Takeover Law: Why Australia Needs a Mandatory Bid Rule” Journal of the Securities Institute of Australia, Issue 2 Winter, 2-7.

2000   , “Takeover Targets and the Probability of Bid Success: Evidence from the Australian Market” International Review of Financial Analysis 9(1), 45-65.

1999, “The Asian Financial Crisis and the Role of the IMF” (with Colm Kearney) Journal of the Asia Pacific Economy 4(3), 393-412.

1998, “The Regulation of Corporate Control in Australia: A Historical Perspective” Canterbury Law Journal 7, 102-122.

1997, “The Market for Corporate Control in Australia” Economic Papers 16(2), June, 51-61.

Eric A Strobl

Refereed Journal Articles:

F. O'Toole and E. Strobl (1995). "Compulsory Voting and Government Spending", Economics and Politics, Vol. 7, pp.271-280.

F. Barry, E. Strobl and  P.P. Walsh, (1998). "The Aggregate Job Creation, Destruction and Turnover Rate in Irish Manufacturing", the Economic and Social Review, 29, pp. 55-71.

M.J. Harrison, E. Strobl and PP. Walsh (1998). "The Impact of Social Security Reforms on Unemployment Compensation Claimants in Ireland", European Journal of Law And Economics, Vol. 6, pp. 263-284.

E. Strobl and C. Tucker, (1999). “The Dynamics of Competition among Artists in the UK Pre-Recorded Popular Music Industry”, Journal of Cultural Economics. 24, pp. 113-134.

H. Görg, F. Ruane and E. Strobl, (2000).  “Determinants of Firm Start-Up Size: An Application of Quantile Regressions for Ireland”, Small Business Economics, 14, pp. 211-222

A. Meyler and E. Strobl, (2000).  “Regional Industrial Policy and Job Generation in Ireland”, Economic and Social Review. Vol. 31.

H. Görg and E. Strobl (2001).  "Capital Structure and Labour Demand: Further Evidence" Applied Economics Letters, 8, pp. 719-723.

H. Görg and E. Strobl (2001). "Multinational Companies and Productivity Spillovers: A Meta-Analysis", Economic Journal, 111, pp. F723-F739.

H. Görg and E. Strobl, “Multinational Companies and Indigenous Development: An Empirical Analysis”, European Economic Review, forthcoming.

H. Görg and E. Strobl, “ Multinational Companies and the Development of Firm Start-Up Size: Evidence from Quantile Regressions for Ireland”, Review  of Industrial Organisation, forthcoming.

S. Barrios and E. Strobl, “FDI Spillovers in Spain”, Weltwirtschaftliches Archiv, forthcoming.

M. Cassidy, E. Strobl, and B. Thornton, “Gender Pay Differentials and Equality Legislation in the Republic of Ireland”, Canadian Public Policy, forthcoming.

H. Görg and E. Strobl.  “Footlose Multinationals?”, Manchester School, forthcoming.

H. Görg and E. Strobl.  “The Incidence of Underemployment: Evidence from Trinidad and Tobago”, Journal of Development Studies, forthcoming.

Kristof Dascher

“Capital Cities: When Do They Stop Growing?”, Papers in Regional Science; 81(1), January 2002, pages 49-62..

“Land Prices, Urban Sprawl and Affordable Housing: Dublin and the Open City”,  Economic and Social Review; 32(1), January 2001, pages 69-79..

“Are Politics and Geography Related? Evidence from a Cross-Section of Capital Cities”,   Public Choice; 105(3-4), December 2000, pages 373-92.

Salvador Barrios

S. Barrios and E. Strobl, “FDI Spillovers in Spain”, Weltwirtschaftliches Archiv, forthcoming.

Publications of SNF/NHH Researchers

Norwegian School of Economics and Business Administration (SNF) 

Baldwin, Richard E. (GIIS and SNF), Rikard Forslid (Stockholm University, NHH/SNF and CEPR), Jan I. Haaland (NHH/SNF and CEPR) and Karen Helene Midelfart-Knarvik (NHH/SNF and CEPR), “EU integration and outsiders: A simulation study of industrial Location”. In Richard E. Baldwin and Aymo Brunetti (eds): Economic Impact of EU Membership on Entrants

Bjorvatn, Kjetil (NHH/SNF), Hans J. Kind (NHH/SNF) and Hildegunn K. Nordas (NHH/SNF), ”The role of FDI in economic development”, forthcoming in Nordic Journal of Political Economy

Braconier, Henrik (IUI), Karolina Ekholm (Stockholm School of Economics, LSE, NHH/SN and CEPR) and Karen Helene Midelfart-Knarvik (NHH/SNF and CEPR), “Does FDI work as a channel for R&D spillovers: Evidence based on Swedish data”, forthcoming in Weltwirtschaftliches Archiv

Eckel, Carsten, “Fragmentation, efficiency seeking FDI and employment”, forthcoming in Review of international economics

Haaland, Jan I. (NHH/SNF and CEPR) and Ian Wooton (University of Glasgow and CEPR), “International competition for multinational investment”, Scandinavian Journal of Economics, no 101

Haaland, Jan I. (NHH/SNF and CEPR), Ian Wooton (University of Glasgow and CEPR) and Giulia Faggio “Multinationals: easy come, easy go?”, Finanzarchiv 58

Kind, Hans J. (NHH/SNF), Karen Helene Midelfart-Knarvik (NHH/SNF and CEPR) and Guttorm Schjelderup (NHH/SNF), “Competing for capital in a “lumpy” world”, Journal of Public Economics 78 (3); 2000, 253-274

Midelfart-Knarvik, Karen Helene (NHH/SNF and CEPR), Henry G. Overman (LSE and CEPR), Stephen J. Redding (LSE and CEPR ), ”The location of European Industry”,  forthcoming in European Economy, 2002

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