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Determinants Of Investme??T Flows In U.S. Manufacturing

Author

Listed:
  • Jason P. Brown

  • Raymond J.G.M. Florax

  • Kevin T. McNamara

    (Purdue University,Dept. of Agricultural Economics)

Abstract

The purpose of the paper is to test the long-run steady state of growth factors hypothesized to influence U.S. manufacturing investment flows. These factors include agglomeration, market structure, labor, infrastructure, and fiscal policy. Spatial cross-regressive and spatial Durbin models are used to measure the spatial interaction of investment flows. Spatial spillovers are found to be of a competitive nature at the state level, implying that a factor which attracts more investment to a particular state is associated with lower investments in neighboring states. Investment flows to states with higher market demand, more productive labor, and more localized agglomeration of manufacturing activity.

Suggested Citation

  • Jason P. Brown & Raymond J.G.M. Florax & Kevin T. McNamara, 2009. "Determinants Of Investme??T Flows In U.S. Manufacturing," Working Papers 09-10, Purdue University, College of Agriculture, Department of Agricultural Economics.
    • Handle: RePEc:pae:wpaper:09-10
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    Cited by:

    1. Wang, Jia, 2018. "Strategic interaction and economic development incentives policy: Evidence from U.S. States," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 249-259.
    2. vom Hofe, Rainer & Mihaescu, Oana & Boorn, Mary Lynne, 2017. "Are Homeowners Willing to Pay More for Access to Parks? Evidence from a Spatial Hedonic Study of the Cincinnati, Ohio, USA Park System," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 48(3), November.
    3. Johnson, Michael & Masias, Ian, "undated". "Assessing The State Of The Rice Milling Sector In Nigeria: The Role Of Policy For Growth And Modernization," Feed the Future Innovation Lab for Food Security Policy Research Papers 259580, Michigan State University, Department of Agricultural, Food, and Resource Economics, Feed the Future Innovation Lab for Food Security (FSP).
    4. Adriana Ruiz & Anna Matas & Josep Lluís Raymond, 2016. "How do road infrastructure investments affect the regional economy? Evidence from Spain," Working Papers XREAP2016-09, Xarxa de Referència en Economia Aplicada (XREAP), revised Dec 2016.
    5. Daegoon Lee & Seong-Hoon Cho & Roland K. Roberts & Dayton M. Lambert, 2016. "Effects of Population Redistribution on Greenhouse Gas Emissions," International Regional Science Review, , vol. 39(2), pages 177-202, April.
    6. Eickelpasch, Alexander & Hirte, Georg & Stephan, Andreas, 2016. "Firms' Evaluation of Location Quality: Evidence from East Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 236(2), pages 241-273.

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    Keywords

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    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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