Regional Development Agencies compete to attract foreign direct investments (FDI) that generate economic benefits. This paper seeks to identify factors that attract FDI to the South West region of the UK. The results suggest that the South West’s average wage levels, population density, unemployment rate, physical infrastructure expenditure, growth and the relative dominance of the manufacturing sector all contribute to the multinational enterprise’s decision to locate to the South West. The amount of defence spending is also found to be a determinant, suggesting that the defence sector might be an attractor of FDI. These results are endorsed by a separate survey analysis.
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Paper provided by University of the West of England, Department of Economics in its series Discussion Papers with number
0604.
Find related papers by JEL classification: F2 - International Economics - - International Factor Movements and International Business L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior R1 - Urban, Rural, and Regional Economics - - General Regional Economics
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