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Outward FDI and the investment development path of a late-industrialising economy: Evidence from Ireland

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dc.creator Barry, Frank
dc.creator Görg, Holger
dc.creator MacDowell, Andrew
dc.date 2001
dc.date.accessioned 2013-10-16T06:35:06Z
dc.date.available 2013-10-16T06:35:06Z
dc.date.issued 2013-10-16
dc.identifier hdl:10197/1255
dc.identifier http://hdl.handle.net/10419/2587
dc.identifier ppn:740053264
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2587
dc.description The Investment Development Path (IDP) hypothesis holds that a country’s net outward direct investment position is systematically related to its level of economic development. Ireland is an interesting test case because of the importance of inward FDI over the last three decades, the country's rapid recent FDI-fuelled growth, and the recent increase in outward FDI by Irish-owned multinationals. We find empirical support for the IDP concept for the Irish case. Our sectoral analysis shows up important differences between Ireland's outward FDI and the bulk of FDI occurring in the world economy however. Ireland's outward FDI flows are as yet almost exclusively horizontal and they go largely into non-internationally-tradable manufacturing and services sectors. Also, the firmspecific assets of Irish multinationals lie neither in R&D nor in the type of product differentiation associated with high advertising expenditures.
dc.language eng
dc.publisher Univ. College Dublin, Dep. of Economics Dublin
dc.relation Centre for Economic Research working paper series 01/08
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.subject outward FDI
dc.subject investment development path
dc.subject Ireland
dc.subject Direktinvestition
dc.subject Irland
dc.title Outward FDI and the investment development path of a late-industrialising economy: Evidence from Ireland
dc.type doc-type:workingPaper


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