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Size, Location and Agglomeration of Inward Foreign Direct Investment (FDI) in the United States


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  • Thomas Halvorsen
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    H alvorsen T. Size, location and agglomeration of inward foreign direct investment (FDI) in the United States, Regional Studies . Since the late 1970s a range of economic development policies to attract foreign direct investments (FDIs) have been tried out. Despite a policy reorientation from a large-size bias to policies also favouring smaller investments, little empirical work has been performed on the determinants of investment size. This paper presents empirical evidence on how the size of FDIs is determined by agglomeration and other state-level factors. The results indicate that FDI agglomeration and urbanization affect investment size and that taxes, markets, labour, land and the concentration of scientific knowledge are important determinants in the size composition of FDI. H alvorsen T. Le montant, la localisation et l'agglomération de l'investissement direct étranger (IDE) aux Etats-Unis, Regional Studies . Depuis la fin des années 1970, on met en vigueur toute une série de politiques de développement économique afin de séduire l'investissement direct étranger. En dépit d'une réorientation de la politique d'une tendance à la taille vers des politiques plutôt en faveur des investissements plus modestes, rares sont les recherches empiriques sur les déterminants du montant de l'investissement. Cet article cherche à présenter des preuves empiriques sur la détermination du montant de l'IDE en fonction de l'agglomération et d'autres facteurs au niveau de l'Etat. Les résultats laissent voir que l'agglomération et l'urbanisation de l'IDE influencent le montant de l'investissement, et que les impôts, les marchés, la main-d'oeuvre, le terrain, et la concentration de la connaissance scientifique sont d'importants déterminants de la structure du montant de l'IDE. Investissement direct étranger (IDE) Economies d'agglomération Montant de l'investissement Etats-Unis H alvorsen T. Umfang, Standort und Agglomeration von ausländischen Direktinvestitionen in den USA, Regional Studies . Seit dem Ende der siebziger Jahre des 20. Jahrhunderts wurden verschiedene Wirtschaftsentwicklungspolitiken zur Anziehung von ausländischen Direktinvestitionen ausprobiert. Trotz einer politischen Umorientierung von einer Bevorzugung umfangreicher Investitionen hin zu einer Begünstigung auch von kleineren Investitionen wurden über die Determinanten für den Umfang der Investition bisher nur wenige empirische Studien durchgeführt. In diesem Beitrag werden empirische Belege zur Frage vorgestellt, wie die Höhe von ausländischen Direktinvestitionen von der Agglomeration und von anderen Faktoren auf Staatsebene bestimmt wird. Aus den Ergebnissen geht hervor, dass sich die Agglomeration und Urbanisierung von ausländischen Direktinvestitionen auf die Investitionshöhe auswirken und dass Steuern, Märkte, das Angebot an Arbeitskräften und Grundstücken sowie die Konzentration von wissenschaftlichem Wissen wichtige Determinanten für die Höhe und Zusammensetzung ausländischer Direktinvestitionen darstellen. Ausländische Direktinvestitionen Agglomerationswirtschaften Investitionsh öhe USA H alvorsen T. Tamaño, ubicación y aglomeración de la inversión extranjera directa interna (IDE) en los Estados Unidos, Regional Studies . Desde finales de los setenta se han puesto en marcha una serie de políticas de desarrollo económico para atraer la inversión directa extranjera (IDE). Pese a una reorientación política desde una predisposición de inversiones importantes hacia políticas que también favorecen inversiones más pequeñas, se ha realizado poco trabajo empírico sobre los determinantes del tamaño de las inversiones. En este artículo presentamos evidencia empírica que demuestra que el tamaño de la IDE está determinado por la aglomeración y otros factores a nivel estatal. Los resultados indican que la aglomeración y la urbanización de la IDE afectan al tamaño de la inversión y que los impuestos, los mercados, la mano de obra, el suelo y la concentración de conocimiento científico son determinantes importantes en la composición del tamaño de la IDE. Inversión directa extranjera (IDE) Economías de aglomeración Tamaño de la inversion Estados Unidos

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Regional Studies.

    Volume (Year): 46 (2012)
    Issue (Month): 5 (June)
    Pages: 669-682

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    Handle: RePEc:taf:regstd:v:46:y:2012:i:5:p:669-682

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    Cited by:
    1. K. Gonchar & Philipp Marek, 2013. "Natural-resource or Market-seeking FDI in Russia? An Empirical Study of Locational Factors Affecting the Regional Distribution of FDI Entries," IWH Discussion Papers 3, Halle Institute for Economic Research.
    2. Kandogan, Yener, 2012. "Regional foreign direct investment potential of the states within the US," Journal of Economics and Business, Elsevier, vol. 64(4), pages 306-322.
    3. Davide Castellani & Giulio Giangaspero & Antonello Zanfei, 2013. "Heterogeneity and distance. Some propositions on how differences across regions, firms and functions affect the role of distance in FDI location decisions," Working Papers 1308, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2013.


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