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Foreign Direct Investment in a Process of Economic Integration: The Case of Spanish Manufacturing, 1986-1992

Author

Listed:
  • Oscar Bajo-Rubio

    (Universidad de Castilla-La Mancha)

  • Carmen López-Pueyo

    (Universidad de Zaragoza)

Abstract

In this paper we analyze the main characteristic features of foreign direct investment (FDI) directed to Spanish manufacturing, both across industries and through time, for the years 1986-1992. During this period, Spain was one of the most important recipients of FDI inflows in the world, coinciding with the first years of integration into the European Union and the prospects about the completion of the Single European Market by 1992. To this end, a relative FDI measure is related to several industry indicators, as well as to some macroeconomic variables, which allows us to obtain a general characterization of FDI in Spanish manufacturing over that period.

Suggested Citation

  • Oscar Bajo-Rubio & Carmen López-Pueyo, 2002. "Foreign Direct Investment in a Process of Economic Integration: The Case of Spanish Manufacturing, 1986-1992," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 17, pages 85-103.
    • Handle: RePEc:ris:integr:0186
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    Citations

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    Cited by:

    1. Àngels Pelegrín, 2003. "Regional Distribution of Foreign Manufacturing Investment in Spain. Do Agglomeration Economies Matter?," Working Papers 2003/6, Institut d'Economia de Barcelona (IEB).
    2. Verónica Cañal-Fernández & Julio Tascón Fernández, 2018. "The long run impact of foreign direct investment, exports, imports and GDP: evidence for Spain from an ARDL approach," Working Papers 0128, European Historical Economics Society (EHES).
    3. María C. Latorre, 2013. "On the Differential Behaviour of National and Multinational Firms: A Within- and Across-sectors Approach," The World Economy, Wiley Blackwell, vol. 36(10), pages 1294-1317, October.
    4. Oscar Bajo-Rubio, 2021. "The role of foreign direct investment in growth: Spain, 1964–2013," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 30(90), pages 263-276, October.
    5. Gómez-Plana, Antonio G. & Latorre, María C., 2014. "When multinationals leave: A CGE analysis of the impact of divestments," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 8, pages 1-41.
    6. repec:pra:mprapa:37325 is not listed on IDEAS
    7. Martin, Will & Mattoo, Aaditya, 2011. "Unfinished Business? The WTO's Doha Agenda," Conference papers 332070, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Alali, Walid Y. & Ellalee, Haider, 2018. "The Brexit Impact on Inward FDI in the UK," EconStor Preprints 274655, ZBW - Leibniz Information Centre for Economics.
    9. Àngels Pelegrín, 2003. "Regional Distribution of Foreign Manufacturing Investment in Spain. Do Agglomeration Economies Matter?," Working Papers 2003/6, Institut d'Economia de Barcelona (IEB).
    10. Àngels Pelegrín & Catalina Bolancé, 2006. "Regional foreign direct investment in manufacturing. Do agglomeration economies matter?," Working Papers 2006/2, Institut d'Economia de Barcelona (IEB).
    11. Ellalee, Haider & Alali, Walid Y., 2018. "The Brexit Impact on Inward FDI in the UK," MPRA Paper 117510, University Library of Munich, Germany, revised 20 May 2018.
    12. Peterson, Everett B. & Lee, Huey-Lin, 2005. "Incorporating Domestic Margins into the GTAP-E Model: Implications for Energy Taxation," Conference papers 331408, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    13. Gutiérrez-Portilla, Paula & Maza, Adolfo & Villaverde, José, 2019. "A spatial approach to the FDI-growth nexus in Spain: Dealing with the headquarters effect," International Business Review, Elsevier, vol. 28(6), pages 1-1.
    14. Bouoiyour, Jamal, 2007. "The determining factors of foreign direct investment in Morocco," MPRA Paper 37326, University Library of Munich, Germany.
    15. Angels Pelegrin & Catalina Bolance, 2008. "Regional Foreign Direct Investment in Manufacturing. Do Agglomeration Economies Matter?," Regional Studies, Taylor & Francis Journals, vol. 42(4), pages 505-522.
    16. World Bank, 2022. "Paving the Way for Prosperous Cities and Territories," World Bank Publications - Reports 37710, The World Bank Group.
    17. Wittwer, Glyn, 2011. "Water buybacks and drought in the Murray-Darling Basin of Australia: confusing policy and catastrophe," Conference papers 332169, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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    More about this item

    Keywords

    Foreign Direct Investment; Spanish Manufacturing Industry; European Integration;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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