全球智库信息集成服务系统(G2TT): DP2916 Asset Market Linkages in Crisis Periods

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP2916
	DP2916 Asset Market Linkages in Crisis Periods
	Casper de Vries; Philipp Hartmann; Stefan Straetmans
发表日期	2001-08-08
出版年	2001
语种	英语
摘要	Many previous studies have shown that the localisation of firms can be an important factor in attracting new foreign direct investment into a host country. What has been missing in this literature thus far, however, is an investigation into the reasons why industry clusters attract firms. We distinguish between ?efficiency agglomerations? as firms locating close to each other because they can increase their efficiency by doing so, and ?demonstration effects?, whereby existing firms send signals to new investors as to the reliability of the host country and newly entering firms follow previous firms. In this Paper we try to disentangle these two effects, by examining the location of US and UK firms in Ireland. We calculate proxies for ?efficiency agglomerations? and ?demonstration effects? and include these proxies in an empirical model of the location decision of firms. For US firms, we find that both efficiency agglomeration and demonstration effects are important determinants of entry. For UK firms, however, the evidence is not as clear-cut.
主题	International Trade and Regional Economics
关键词	Foreign direct investment Agglomerations Demonstration effects
URL	https://cepr.org/publications/dp2916
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/531959
推荐引用方式 GB/T 7714	Casper de Vries,Philipp Hartmann,Stefan Straetmans. DP2916 Asset Market Linkages in Crisis Periods. 2001.