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The 'core-periphery' pattern of FDI-led growth and production structure in the EU

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Author Info
Constantina Kottaridi

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Abstract

The present study attempts to shed light on a central and under-investigated issue in the European integration debate, referring to the impact of foreign direct investment (FDI) in the growth process of EU countries and detecting the channels through which FDI can interact with host characteristics to raise income levels. Using an advanced econometric approach, i.e., the Arellano-Bond dynamic panel data estimation, it predicts a 'core-periphery' growth pattern, attributed to initial strengths and weaknesses of the regions, which, in turn, are responsible for attracting different types of foreign activity. Policy implications as to the provision of appropriate investment incentives and the development of a strong human resources base in periphery are then raised, in order for it to be able to compete internationally as a host to technology-based investments and reap the benefits associated with knowledge transfer.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 37 (2005)
Issue (Month): 1 (January)
Pages: 99-113
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Handle: RePEc:taf:applec:v:37:y:2005:i:1:p:99-113

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Constantina Kottaridi & Thanasis Stengos, 2008. "Foreign Direct Investment, human capital and non-linearities in economic growth," Working Papers 019, University of Peloponnese, Department of Economics. [Downloadable!]
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  2. Benito, Gabriel & Narula, Rajneesh, 2007. "States and Firms on the Periphery: The Challenges of a Globalising World," UNU-MERIT Working Paper Series 004, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
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