Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/303336 
Year of Publication: 
2012
Series/Report no.: 
LEQS Paper No. 53
Publisher: 
London School of Economics and Political Science (LSE), European Institute, London
Abstract: 
This paper investigates the geography of multinational corporations' investments in the EU regions. The 'traditional' sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional "social filter" conditions. The introduction of a wider set of attraction factors makes is possible to empirically assess the different role played by such advantages in the location decision of investments at different stages of the value chain and disentangle the differential role of national vs. local and regional factors. The empirical analysis covers the EU-25 regions and suggests that regional-socio economic conditions are crucially important for an understanding of the location investment decisions in the most sophisticated knowledge-intensive stages of the value chain.
Subjects: 
Innovation
Multinationals
Systems of Innovation
Value Chains
Regions
European Union
JEL: 
F21
F23
O33
R12
R58
Document Type: 
Working Paper

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