Outward Foreign Direct Investments as a Catalyst of Urban-Regional Income Development? Evidence from the United States
Abstract
Challenging populist views of outward foreign direct investments (OFDIs) that suggest they move prosperity abroad, this article builds a model suggesting that OFDIs support urban-regional income levels due to (1) labor; (2) knowledge; and (3) multiplier, spillover, and intermediate input effects. In a panel study of median incomes in US urban regions between 2005 and 2013, we first establish a base model that measures income as a function of...
Paper Details
Title
Outward Foreign Direct Investments as a Catalyst of Urban-Regional Income Development? Evidence from the United States
Published Date
Oct 17, 2019
Journal
Volume
95
Issue
5
Pages
442 - 466
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