Continental Drift: European Integration and the Location of UK Foreign Direct Investment
This paper seeks to quantify the impact of the European Internal Market programme on the sectoral and geographical pattern of foreign direct investment by UK corporations. We use an annual panel data set covering investment within seven sectors in the European Union and the US, and control for market size, relative costs, innovation, corporate financial constraints and sector-specific fixed effects. Our results indicate that the programme has had a significant positive effect on the level of investment, both in industrial and service sectors. There is also some evidence of investment diversion from the US into the EU since 1990.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Nov 1996|
|Contact details of provider:|| Postal: 2 Dean Trench Street Smith Square London SW1P 3HE|
Web page: http://niesr.ac.uk
When requesting a correction, please mention this item's handle: RePEc:nsr:niesrd:230. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Library & Information Manager)
If references are entirely missing, you can add them using this form.