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La localizzazione delle imprese multinazionali in Europa: il ruolo delle politiche dell'UE e le peculiarità dell'Italia

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  • Roberto Basile
  • Davide Castellani
  • Antonello Zanfei

Abstract

Using data on 5,761 foreign subsidiaries established in 55 regions of 8 EU countries over the period 1991-99, this paper examines multinational firms' location choices in Europe. We emphasise the role of EU policies and of firm specific characteristics in shaping location decisions. Our main findings are: i) national boundaries do not seem to affect location decisions, with the relevant exception of Italy; ii) Cohesion Fund and Objective 1 eligibility played a significant role in attracting multinationals, partially counterbalancing agglomeration forces at work; iii) determinants of location choices differ according to MNEs' experience of regions in which they are active, and to the national origins of firms. In particular EU and US based MNEs exhibit a different sensitivity to labour market variables.

Suggested Citation

  • Roberto Basile & Davide Castellani & Antonello Zanfei, 2004. "La localizzazione delle imprese multinazionali in Europa: il ruolo delle politiche dell'UE e le peculiarità dell'Italia," L'industria, Società editrice il Mulino, issue 3, pages 571-596.
    • Handle: RePEc:mul:j0hje1:doi:10.1430/14645:y:2004:i:3:p:571-596
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    Cited by:

    1. Daniele, Vittorio, 2007. "Criminalità e investimenti esteri. Un’analisi per le province italiane [The effect of organized crime on Foreign Investments. An Empirical Analysis for the Italian Provinces]," MPRA Paper 6417, University Library of Munich, Germany.
    2. Vittorio, Daniele & Ugo, Marani, 2008. "Organized Crime and Foreign Direct Investment: the Italian Case," MPRA Paper 7217, University Library of Munich, Germany.
    3. Laura CASI & Laura RESMINI, 2010. "Evidence on the determinants of foreign direct investment: the case of EU regions," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 93-118, December.
    4. Stefano Prezioso, 2008. "Growth and “diversity” of Italian industry: the position of Southern Italy," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 3, July.
    5. Daniele, Vittorio & Marani, Ugo, 2011. "Organized crime, the quality of local institutions and FDI in Italy: A panel data analysis," European Journal of Political Economy, Elsevier, vol. 27(1), pages 132-142, March.

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