What drives European multinationals to the European Union neighbouring countries? A mixed-methods analysis of Italian investment strategies

Ascani, Andrea; Crescenzi, Riccardo; Iammarino, Simona

doi:10.1177/0263774x16628180

Cited by 17 publications

(16 citation statements)

References 36 publications

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“…Significant negative direct impacts of this variable can be observed throughout all stages of the value chain, both concerning the own region, as well as third regions. This corroborates the findings of Ascani et al (2016b), who study the location determinants of Italian multinational enterprises. Regional knowledge capital as a pull-factor for upstream FDI inflows appears less relevant.…”

Section: Origin-and Destination-specific Core Variablessupporting

confidence: 91%

Modelling European regional FDI flows using a Bayesian spatial Poisson interaction model

Krisztin

Piribauer

2021

Ann Reg Sci

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This paper presents an empirical study of spatial origin and destination effects of European regional FDI dyads. Recent regional studies primarily focus on locational determinants, but ignore bilateral origin- and intervening factors, as well as associated spatial dependence. This paper fills this gap by using observations on interregional FDI flows within a spatially augmented Poisson interaction model. We explicitly distinguish FDI activities between three different stages of the value chain. Our results provide important insights on drivers of regional FDI activities, both from origin and destination perspectives. We moreover show that spatial dependence plays a key role in both dimensions.

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Section: Origin-and Destination-specific Core Variablessupporting

confidence: 91%

Modelling European regional FDI flows using a Bayesian spatial Poisson interaction model

Krisztin

Piribauer

2021

Ann Reg Sci

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“…Furthermore, each project is cross-referenced across multiple sources and more than 90% of investment projects are validated with company sources. In addition, Crescenzi et al (2014) and Ascani, Crescenzi, and Iammarino (2016) show that investment projects recorded in fDi Markets are highly correlated with other macro-level data on FDI from UNCTAD, the International Monetary Fund (IMF) and the World Bank. 4.…”

Section: Notesmentioning

confidence: 90%

Global Investments and Regional Development Trajectories: The Missing Links

Crescenzi

Iammarino

2016

SSRN Journal

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Global investments and regional development trajectories: the missing links. Regional Studies. Regional economic development has been long conceptualized as a non-linear, interactive and socially embedded process: these features were traditionally regarded as spatially mediated and highly localized. However, unprecedentedly fast technological change coupled with the intensification of global economic integration has spurred the need to place regional development in a truly open and interdependent framework. Despite substantial progress in the academic literature, rethinking regional development in this perspective still presents a number of challenges in terms of concepts, empirical evidence and policy approaches. Following an interdisciplinary assessment of how openness and connectivity -proxied by one of the many cross-border flows, i.e., global investments -interact with regional economic development trajectories, this paper presents a picture of the geography of foreign investments from and to the European regions and its change after the financial and economic crisis in 2008. This simple exercise sheds some initial light on how the operationalization of regional connectivity can improve one's empirical understanding of the evolution of regional economies and the policy approach needed to support their reaction to change. RÉSUMÉLes investissements mondiaux et les trajectoires de l'aménagement du territoire: les chaînons manquants. Regional Studies. Depuis longtemps le développement économique régional a été conceptualisé comme un processus interactif non-linéaire qui est bien intégré sur le plan social: par le passé ces caractéristiques-là étaient considérées très influencées par l'espace et par la localisation. Cependant, l'évolution technologique à un rythme sans précédent conjointement avec l'intensification de l'intégration économique mondiale a stimulé la nécessité de mettre l'aménagement du territoire au sein d'un cadre vraiment ouvert et interdépendant. En dépit du progrès significatif évident dans la litérature spécialisée, repenser l'aménagement du territoire de ce point de vue pose un nombre de défis en termes des notions, des preuves RESUMENTrayectorias de inversiones globales y desarrollo regional: los eslabones perdidos. Regional Studies. El desarrollo económico regional suele ser conceptualizado como un proceso no lineal, interactivo y socialmente integrado: estas características se solían considerar como espacialmente mediadas y altamente localizadas. Sin embargo, debido al rápido cambio técnico sin precedentes junto con la intensificación de la integración económica global, ha surgido la necesidad de colocar el desarrollo regional en un marco realmente abierto e interdependiente. Aunque en la bibliografía académica se han realizado grandes avances, el replanteamiento del desarrollo regional a este respecto todavía presenta una serie de retos en términos de conceptos, evidencia empírica y enfoques políticos. Tras una valoración interdisciplinaria sobre cómo la transparencia y la cone...

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“…break the vicious circle that prevents the benefits of integration from spreading towards the most deprived areas)? The location strategies of MNEs are further investigated in Ascani, Crescenzi and Iammarino (2016b) by looking at FDI from Italy (one of the 'old' EU-15 member states with significant strategic interests in the ENP countries due to its geo-political position in Europe) into all ENP countries. The paper explores the factors underlying the location strategies adopted by Italian MNEs when targeting ENP economies: market size, availability of key inputs to the production process, natural resources as well as institutional and geographical proximity.…”

Section: Capital Mobility In the Eu And The Enp Countriesmentioning

confidence: 99%

The European Union and its neighboring countries: The economic geography of trade, Foreign Direct Investment and development

Crescenzi

Petrakos

2016

Environ Plann C Gov Policy

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This Editorial looks at the process of political and economic integration between the European Union and the European Neighborhood Policy countries with a special focus on the processes linked to trade flows, Foreign Direct Investment and their spatial impacts. This Editorial highlights the key ‘unanswered’ questions in the existing literature and explores outstanding conceptual and empirical challenges, discussing how the various papers included in the Theme Issue can provide systematic coherent answers to a number of these research questions. The Editorial includes a synopsis of the key findings of the papers and highlights their connections and linkages. It concludes with open questions for further research and a potential agenda for future conceptual and empirical analyses in this area

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What drives European multinationals to the European Union neighbouring countries? A mixed-methods analysis of Italian investment strategies

Cited by 17 publications

References 36 publications

Modelling European regional FDI flows using a Bayesian spatial Poisson interaction model

Modelling European regional FDI flows using a Bayesian spatial Poisson interaction model

Global Investments and Regional Development Trajectories: The Missing Links

The European Union and its neighboring countries: The economic geography of trade, Foreign Direct Investment and development

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