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The Regional Impact of Foreign Direct Investment: Structure and Behavior in an Ownership-Disaggregated Computable General Equilibrium Model

In: Trade, Networks and Hierarchies

Author

Listed:
  • Gary Gillespie

    (University of Strathclyde)

  • Peter G. McGregor

    (University of Strathclyde)

  • J. Kim Swales

    (University of Strathclyde)

  • Ya Ping Yin

    (University of Hertfordshire)

Abstract

Despite government rhetoric in support of indigenous regional development, in practice the attraction of foreign-owned inward investment remains a key plank of regional policy. Just under half of all expenditure on UK Regional Selective Assistance (RSA) is awarded to foreign-owned firms (PA Cambridge Economic Consultants, 1993) and individual regional development agencies vie for the attraction of incoming plants, often offering an extensive package of incentives.2 In Gillespie et al (2001a) we assess the impact of RSA-assisted investment on the Scottish economy using a computable general equilibrium (CGE) approach. Our earlier analysis makes no distinction between the foreign- and UK-owned manufacturing sectors, yet the former accounted for 39% and 23% of Scottish Manufacturing gross output and employment, respectively, during 1996 (Scottish Office, 1999). There is, therefore, a substantial foreign-owned component of Scottish manufacturing, and this may have a significant impact on the behavior of the regional economy of Scotland. Accordingly, in this chapter we refine our earlier approach to focus directly on the employment effects of export-oriented Foreign Direct Investment (FDI).

Suggested Citation

  • Gary Gillespie & Peter G. McGregor & J. Kim Swales & Ya Ping Yin, 2002. "The Regional Impact of Foreign Direct Investment: Structure and Behavior in an Ownership-Disaggregated Computable General Equilibrium Model," Advances in Spatial Science, in: Geoffrey J. D. Hewings & Michael Sonis & David Boyce (ed.), Trade, Networks and Hierarchies, chapter 5, pages 65-98, Springer.
    • Handle: RePEc:spr:adspcp:978-3-662-04786-6_5
    DOI: 10.1007/978-3-662-04786-6_5
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    Cited by:

    1. Deng, Ziliang & Falvey, Rod & Blake, Adam, 2012. "Trading market access for technology? Tax incentives, foreign direct investment and productivity spillovers in China," Journal of Policy Modeling, Elsevier, vol. 34(5), pages 675-690.
    2. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 379-475, Elsevier.
    3. Ziliang Deng & Rod Falvey & Adam Blake, 2013. "Quantifying Foreign Direct Investment Productivity Spillovers in China: A Computable General Equilibrium Model," Asian Economic Journal, East Asian Economic Association, vol. 27(4), pages 369-389, December.
    4. Ziliang Deng & Adam Blake & Rod Falvey, 2009. "Quantifying Foreign Direct Investment Productivity Spillovers: A Computable General Equilibrium Framework for China," Discussion Papers 09/18, University of Nottingham, GEP.

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