Foreign direct investment in Turkey: regional determinants

Deichmann, Joel I.; Karidis, Socrates; Sayek, Selin

doi:10.1080/0003684032000126780

Cited by 97 publications

(54 citation statements)

References 28 publications

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“…Therefore, agglomeration of Japanese companies in China was a strong and significant FDI determinant for Japanese SMEs (ibid., p. 16). In the Turkish case, Deichmann, Karidis and Sayek (2003) gave evidence that foreign direct investors prefer the proximity of agglomerations in their location choice decisions. Furthermore, it was found that investors locate in urban areas with coastal access and a highly educated workforce (ibid., 2003, p. 1778).…”

Section: Fdi Location Choice Factors At the Regional Levelmentioning

confidence: 99%

German and Austrian Foreign Direct Investment in Brazilian Regions: Which Are the Location Choice Factors?

Korez-Vide¹,

Voller²,

Bobek³

2014

JMS

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Due to the liberalization and transformation of emerging markets economies, the attractiveness of these countries for foreign direct investors has been rising in the last decades. This paper explores foreign direct investment location choice factors of German and Austrian companies in Brazilian regions. We perform the quantitative analysis, based on the Multinomial Nested Logit Model and supplement its findings by the qualitative analysis, based on the semi-structured experts' interview. The analyses shown that investor-nation specific agglomeration, industry specialization, workforce qualification and physical infrastructure were important FDI location choice factors for German and Austrian companies in Brazil. Suggestions for future research of the FDI location choice factors are discussed.

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Section: Fdi Location Choice Factors At the Regional Levelmentioning

confidence: 99%

German and Austrian Foreign Direct Investment in Brazilian Regions: Which Are the Location Choice Factors?

Korez-Vide¹,

Voller²,

Bobek³

2014

JMS

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“…Using a cross-sectional sample of 71 developing countries and the number of telephones per 1,000 inhabitants as a measure of infrastructure development, Asiedu (2002) finds that, while a better infrastructure increases the flow of FDI to non-Sub-Saharan African countries, it has no significant impact on the inflow to Sub-Saharan economies. Using a cross-sectional sample of 293 foreign firms that invested in Turkey in 1995, Deichmann et al (2003) find no evidence that public investment in infrastructure capital attracts foreign multinational firms to locate in Turkey. Other studies of the effect of infrastructure on FDI include those by Wheeler and Mody (1992) and Kumar (1994).…”

Section: The Interaction Between Fdi and Infrastructure Capitalmentioning

confidence: 99%

The Interaction Between FDI and Infrastructure Capital in The Development Process

Nourzad

Greenwold²,

Yang

2014

Int Adv Econ Res

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This paper focuses on the possible interaction between foreign direct investment (FDI) and the host country's infrastructure base. Its central hypothesis is that the effect of FDI on per capita real income depends, at least in part, on the size of the recipient country's infrastructure. This hypothesis is tested in a panel of 46 countries and 5-year averages over the 1980-2000 period using the size of three types of infrastructure capital: telecommunication, power generation, and network of roads or highways. The NOT THE PUBLISHED VERSION; this is the author's final, peer-reviewed manuscript. The published version may be accessed by following the link in the citation at the bottom of the page. 2 results indicate that the size of the host country's infrastructure base helps to improve the marginal effect of FDI on real income. International Advances in Economic Research

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“…Cheng and Kwan (2000:396), Guimaraes, Figueiredo and Woodward (2000:127) and Gao (2005:290) found positive relationships between senior or secondary education and FDI. Deichmann, Karidis andSayek (2003:1773) found a negative relationship between the student/teacher ratio and FDI in Turkish regions. Gao (2005:289) and Cassidy and Andreosso-O'Callaghan (2006:521) also found a positive relationship between tertiary and college education and FDI in Chinese regions.…”

Section: Empiricsmentioning

confidence: 99%

“…List (2001:971) found a positive link between FDI and the land area of Californian countries and Cheng and Stough (2006:380) found a negative relationship between the cost of land and FDI in Chinese provinces. Deichmann et al (2003Deichmann et al ( :1775 identified a negative link between agricultural value added in a region and FDI in Turkish regions.…”

Section: Empiricsmentioning

confidence: 99%

Measuring the inward FDI potential of South African regions

Krugell

Matthee

2008

Acta Commercii

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Purpose: The purpose of this paper is to construct an index that captures the factors expected to affect a local economy's attractiveness to foreign investors.Problem statement: Following South Africa's reintegration into the world economy in 1994, foreign direct investment has been seen as a potential driver of growth and development. Concerns about the low investment rate in South Africa raise the possibility of augmenting domestic with foreign investment expenditure. The potential of technology spillovers and skills transfer from foreign direct investment have also been emphasised. As a result, Trade and Investment South Africa is involved in identifying, packaging and promoting investment opportunities. However, investments tend to be place-specific and this has lead to the decentralisation of foreign direct investment promotion. Currently the nine provincial development agencies are competing to attract investors and the larger local governments are also getting involved in the fray. This paper argues that some places have better potential to attract foreign investment than others. A first step to use scarce investment promotion resources more efficiently would be to measure the inward FDI potential of South African regions.Approach: This paper uses principal components analysis to construct an index that captures the factors expected to affect a local economy's attractiveness to foreign investors. This approach draws on UNCTAD's Inward FDI Potential Index and applies it to 354 magisterial districts in South Africa for the periods 1996, 2001 and 2006. The index creates a summary measure of FDI potential. Findings:The results show that different places present differential potential in urbanization and localization economies and market size. The high-potential locations are typically found in or around the major agglomerations, but there are a few smaller places on the periphery that offer FDI potential. Contribution:The index should aid the location decisions of prospective investors as well as local policymakers in their efforts to promote FDI-led economic development. Conclusion:The places with high FDI potential are not randomly scattered across South Africa, but tend to cluster together. Cities and towns can improve their attractiveness to foreign investors through the exploitation of natural resources, population growth, economic growth and strengthening links to metropolitan areas.Key words: Foreign direct investment, investment promotion, local government, South Africa. INTRODUCTIONFollowing South Africa's reintegration into the world economy in 1994, foreign direct investment (FDI) has been seen as a potential driver of growth and development. The low investment rate in South Africa requires that domestic investment be augmented with foreign investment expenditure. FDI can also provide technological spillovers and skills transfers that increase productivity and drive economic growth.Research into the policy handles, through which FDI might be encouraged, have found that lower political risk, secure ...

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Foreign direct investment in Turkey: regional determinants

Cited by 97 publications

References 28 publications

German and Austrian Foreign Direct Investment in Brazilian Regions: Which Are the Location Choice Factors?

German and Austrian Foreign Direct Investment in Brazilian Regions: Which Are the Location Choice Factors?

The Interaction Between FDI and Infrastructure Capital in The Development Process

Measuring the inward FDI potential of South African regions

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