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The locational determinants of direct investments among industrialized countries

par Culem, Claudy
Référence European economic review, 32, 4, page (885-904)
Publication Publié, 1988-04

Article révisé par les pairs

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Résumé :

Market size and growth rate, as well as tariff barriers, have already been shown to influence U.S. direct investments in the EEC. The present paper enlarges the field of observation to all bilateral flows of direct investments among six industrialized countries (the United States, Germany, France, the United Kingdom, the Netherlands and Belgium) over the years 1969-1982. It also tests the impact of two other would-be locational determinants of foreign direct investments, namely unit labour costs and export flows. Moreover, a new and alternative specification is put forward and tested, which assumes that in the investment decision process, foreign locations are in competition not only with each other but also with the home country of the investor. © 1988.