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

来源：

APPLIED ECONOMICS | 2014年 / 46卷 / 12期

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

页码：1350 / 1360

页数：11

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