Determinants of Investment Flows in U.S. Manufacturing

被引：0
|
作者：
Brown, Jason P. [1 ]
Florax, Raymond J. G. M. [2 ,3 ]
McNamara, Kevin T. [2 ]
机构：
[1] USDA, Farm & Rural Household Well Being Branch, Resource & Rural Econ Div, ERS, Washington, DC 20036 USA
[2] Purdue Univ, Agr Econ, W Lafayette, IN 47907 USA
[3] Free Univ Amsterdam, Spatial Econ, Amsterdam, Netherlands
来源：
REVIEW OF REGIONAL STUDIES | 2009年 / 39卷 / 03期
关键词：
manufacturing; investment; spatial Durbin model;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of the paper is to test the long-run steady state of growth factors hypothesized to influence U.S. manufacturing investment flows. These factors include agglomeration, market structure, labor, infrastructure, and fiscal policy. Spatial cross-regressive and spatial Durbin models are used to measure the spatial interaction of investment flows. Spatial spillovers are found to be of a competitive nature at the state level, implying that a factor which attracts more investment to a particular state is associated with lower investments in neighboring states. Investment flows to states with higher market demand, more productive labor, and more localized agglomeration of manufacturing activity.
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页码：269 / 286
页数：18
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