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Does foreign direct investment promote regional development in developed countries? A Markov chain approach for US states

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dc.creator Bode, Eckhardt
dc.creator Nunnenkamp, Peter
dc.date 2007
dc.date.accessioned 2013-10-16T06:24:35Z
dc.date.available 2013-10-16T06:24:35Z
dc.date.issued 2013-10-16
dc.identifier Kiel working paper Institut für Weltwirtschaft, Kiel 1374
dc.identifier http://hdl.handle.net/10419/4053
dc.identifier ppn:54015170X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4053
dc.description 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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1374
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O18
dc.subject O51
dc.subject F23
dc.subject ddc:330
dc.subject Markov transition probability
dc.subject Likelihood ratio test
dc.subject FDI
dc.subject Per-capita income
dc.subject Regional development
dc.subject United States of America
dc.subject Direktinvestition
dc.subject Regionale Entwicklung
dc.subject Sozialprodukt
dc.subject Regionale Disparität
dc.subject Schätzung
dc.subject Markovscher Prozess
dc.subject USA
dc.title Does foreign direct investment promote regional development in developed countries? A Markov chain approach for US states
dc.type doc-type:workingPaper


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