Modes of Foreign Entry and Regional Economic Growth: Evidence from US States

被引：0

作者：

Zhuang, Hong ^{[1
]}

机构：

[1] Indiana Univ South Bend, Judd Leighton Sch Business & Econ, South Bend, IN 46615 USA

来源：

JOURNAL OF APPLIED ECONOMICS AND BUSINESS RESEARCH | 2012年 / 2卷 / 04期

关键词：

Foreign direct investment; Greenfield investment; Mergers & Acquisitions; Economic growth;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The United States continues to be a significant recipient of foreign direct investment (FDI) recently. The studies on the impact of FDI in the U. S. have focused on wage and educational effects. Little empirical investigation has distinguished the differential growth effects of two modes of FDI: greenfield investment and mergers & acquisitions (M&As). Using data from 48 states between 2003 and 2009, this study finds that M&As has an insignificant effect on state economic growth; while greenfield investment contributes positively to state economic development only when a minimum level of human capital is present. Copyright (C) 2012 JAEBR

引用

页码：221 / 229

页数：9

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