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Does Foreign Direct Investment Replace Home Country Investment? The effect of European Integration on the Location of Swedish Investment

In English

Författare

  • Pontus Braunerhjelm
  • Lars Oxelheim

Summary, in English

The purpose of this article is to examine the effects of European integration on the location of investments by Swedish multinational corporations (MNCs). Evidence is presented about the extent to which European integration has attracted investment by Swedish MNCs, and whether foreign direct investment (FDI) is being undertaken at the expense of home country investment. In the empirical analysis, involving both OLS and iterative SUR techniques, a significant difference across industries has been confirmed. A substitutionary relationship between foreign and home country investment is found for more R&D-intensive production, whereas the opposite pattern seems to prevail for production based on traditional comparative advantage. The results of this study emphasize the importance of using disaggregated industry-level data when analysing the effects of foreign direct investment on home country investment.

Publiceringsår

2000

Språk

Engelska

Sidor

199-221

Publikation/Tidskrift/Serie

Journal of Common Market Studies

Volym

38

Issue

2

Dokumenttyp

Artikel i tidskrift

Förlag

Wiley-Blackwell

Ämne

  • Economics and Business
  • Business Administration

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 0021-9886