The determinants of inward foreign direct investment: Evidence from the European regions

The long-run impact of monetary policy uncertainty and banking stability on inward FDI in EU countries

“…The first category of factors is related to the size of the host market (Botrić and Škuflić, 2006), the human resources quality and labor market characteristics (Castellani et al, 2006;Siedschlag et al, 2013;Villaverde and Maza, 2015), the institutional quality and reforms (Morisset and Pirnia, 2000;Wernick et al, 2009;Walsh, 2010;Tintin, 2013), and the proximity to research excellence centers (Siedschlag et al, 2013). The economic performance is assessed through investment's profitability (Gwenhamo, 2011), trade integration (Clausing, 2000;Lehmann, 2002), employment (Andersen and Hainaut, 1998), international agreements (Neumayer et al, 2016), and economic growth (Wernick et al, 2009;Tang et al, 2014).…”

Methodological approaches to forecasting the industrial development based on the simulation of economic agents' expectations

“…Different sources published various classifications of FDI factors, from the classic socioeconomic: infrastructure, GDP, domestic investment (Luke Chana M.W., Houb K., Lic X., Mountaina D.C., 2014), the economic potential, technological outlook, competitiveness, market capacity (Villaverde J., Maza A., 2015), to the exotic, such as natural disasters (Anuchitworawong C., Thampanishvong K., 2015;Zhang K.H., 2014). Previously considered research allowed identifying five major groups of factors for FDI attraction in the economy (Table 1).…”

The spatial distribution of foreign direct investment in R&D within host countries. An empirical examination of foreign subsidiaries in Spain

“…Foreign subsidiaries may absorb new knowledge more easily through geographically close relationships with clients, suppliers, competitors or local institutions (Almeida, 2004;Andersson et al, 2005). The technological characteristics of locations are, according to some authors, becoming more important to MNEs than drivers traditionally viewed as key explanations for location decisions, such as low-cost factor inputs or labour market characteristics (Frost and Zhou, 2000;Villaverde and Maza, 2015).…”

“…Though there now exists a rich literature on the regional location of foreign subsidiaries (see, for example, Guimarães et al, 2000;Crozet et al, 2004;Hilber and Voicu, 2010;Mariotti et al, 2010;Villaverde and Maza, 2015) 1 , research work on the specific location of their R&D activities is much more limited. Our study is aimed at filling certain gaps in this literature by providing an empirical analysis of the Spanish case.…”

“…To put this figure into perspective, observe that in the same year the Netherlands accounted for 589 billion US$ and Germany for 713.7 US$ (UNCTAD, 2012). Spain is the sole peripheral European country to have one of its regions (Madrid) classified among the Top 10 regional receivers of inward FDI in (Villaverde and Maza, 2015. Another reason is that Spain has a quasi-federal structure, and this circumstance may lead economic actors to reshape their strategies at regional level (Royo, 2008).…”