The Clustering of FDI in India: The Importance of Peer Effects
AbstractWe assess the location choices of 6,020 foreign and non-resident Indian investors at the level of Indian districts. Employing conditional logit models, we find that clustering of FDI is driven strongly by herding among investors from both, the same and other countries of origin. However, the behaviour of non-resident Indians and German investors is strikingly different from the general pattern
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1697.
Length: 10 pages
Date of creation: May 2011
Date of revision:
location choice; FDI; country of origin; Indian districts; conditional logit;
Other versions of this item:
- Peter Nunnenkamp & Megha Mukim, 2012. "The clustering of FDI in India: the importance of peer effects," Applied Economics Letters, Taylor & Francis Journals, vol. 19(8), pages 749-753, May.
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-24 (All new papers)
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- Frank Bickenbach & Wan-Hsin Liu & Peter Nunnenkamp, 2013. "Regional Concentration of FDI in Post-reform India: A District-level Analysis," Kiel Working Papers 1854, Kiel Institute for the World Economy.
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