Arbeitspapier
Does foreign direct investment promote regional development in developed countries? A Markov chain approach for US states
This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per-capita income and growth. Employment-intensive FDI, concentrated in richer states, has been conducive to income growth, while capital-intensive FDI, concentrated in poorer states, has not. FDI has consequently tended to slow down rather than foster income convergence among US states. It appears to be less important whether FDI has been undertaken in the manufacturing sector of US states or in other sectors.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1374
- Klassifikation
-
Wirtschaft
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Economywide Country Studies: U.S.; Canada
Multinational Firms; International Business
- Thema
-
Likelihood ratio test
FDI
Per-capita income
Regional development
United States of America
Markov transition probability
Direktinvestition
Regionale Entwicklung
Sozialprodukt
Regionale Disparität
Schätzung
Markovscher Prozess
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bode, Eckhardt
Nunnenkamp, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bode, Eckhardt
- Nunnenkamp, Peter
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2007
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