FDI and the relevance of spatial linkages: do third-country effects matter for Dutch FDI?
By H. Garretsen, J.J.W. Peeters. Social Science Research Network, 2009
172 citations recorded by the source corpus.
The aim of this paper is to test for the relevance of spatial linkages for Dutch (outbound) foreign direct investment (FDI). We estimate a spatial lag model for Dutch FDI to 18 host countries. After controlling for fixed effects, we find for our sample period 1984–2004 that third-country effects matter. Apart from our benchmark spatial lag model, we also estimate various alternative models by looking at European host FDI countries only, by dividing FDI into industry and services FDI, and by estimating a spatial error model.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/b4c0fc926963358b00efbcbce9699b90faf4b573
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Citations in the corpus
- FOREIGN DIRECT INVESTMENT AND URBAN CONCENTRATIONS: UNBUNDLING SPATIAL LAGS a (2009, unknown): “outward FDI for the US and subsequent work by Garretsen and Peeters (2008) on outward FDI”
- Large sample properties of the matrix exponential spatial specification with an application to FDI (2015, background): “To the best of our knowledge, with the recent exceptions of Coughlin and Segev (2000); Blonigen et al. (2007); Baltagi et al. (2007, 2008) and Garretsen and Peeters (2009), the literature on FDI has overlooked the third country effect as a determinant of bilateral FDI.”