Firm heterogeneity in modelling foreign direct investment location decisions

被引:13
|
作者
Rasciute, Simona [1 ]
Pentecost, Eric [1 ]
Ferrett, Ben [1 ]
机构
[1] Univ Loughborough, Sch Business & Econ, Div Econ, Loughborough LE11 3TU, Leics, England
关键词
mixed logit model; firm heterogeneity; random parameters; foreign direct investment; multi-level data; Halton draws; C25; F23; EUROPE; PANEL;
D O I
10.1080/00036846.2013.872760
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article investigates the probability of the FDI location decisions of multinational enterprises using a mixed logit panel data model, which is the most flexible discrete choice model. We employ a three-level data set, which includes over 1100 FDI location decisions into 13 alternative Central and Eastern European Countries (CEECs) over an 11-year period. Our empirical results on the effect of host country, industry and firm characteristics on the probability of undertaking FDI in a particular location are significant and consistent with the predictions of our theoretical model.
引用
收藏
页码:1350 / 1360
页数:11
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