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Krisztin, T. 
ORCID: https://orcid.org/0000-0002-9241-8628 & Piribauer, P.
(2023).
A joint spatial econometric model for regional FDI and output growth.
Papers in Regional Science 102 (1) 87-106. 10.1111/pirs.12714.
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Papers in Regional Science - 2023 - Krisztin - A joint spatial econometric model for regional FDI and output growth.pdf - Published Version Available under License Creative Commons Attribution. Download (6MB) | Preview |
Abstract
This paper studies the joint dynamics of foreign direct investments (FDI) and output growth in European regions by using spatially augmented systems of equations modeling framework that incorporates third-region and spillover effects. The joint framework is used to study the dynamic impacts of regional human capital endowments, which demonstrates the importance of explicitly accounting for an endogenous relationship. The relationship is highlighted in a stylized projection exercise, where the long-run impacts are pronounced in Eastern Europe and capital cities. Overall, ignoring the relationship of regional economic performance and FDI distorts the implied transmission mechanism, which is of utmost importance for policy makers.
| Item Type: | Article |
|---|---|
| Research Programs: | Biodiversity and Natural Resources (BNR) Biodiversity and Natural Resources (BNR) > Integrated Biosphere Futures (IBF) |
| Depositing User: | Luke Kirwan |
| Date Deposited: | 02 Mar 2023 07:55 |
| Last Modified: | 05 Jan 2024 13:57 |
| URI: | https://pure.iiasa.ac.at/18649 |
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