Foreign direct investment and the relationship between the United Kingdom and the european union

Randolph Luca Bruno, Nauro F. Campos, Saul Estrin*, Meng Tian

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in libroChapter

Abstract

This paper investigates whether and to what extent foreign direct investment inflows into the United Kingdom are caused by its membership in the European Union (EU). It reports two main sets of econometric estimates: (a) synthetic counterfactual method with annual data for large sample of developing and developed countries over 1970-2014 and (b) gravity estimates using 34 OECD countries bilateral data for 1985-2013. The two sets of estimates strongly concur: EU membership increases FDI inflows by about 30%. This result is robust to changes in specification, country samples, time windows, and the use of different estimators (panel, PPML and Heckman).
Lingua originaleEnglish
Titolo della pubblicazione ospiteThe Economics of UK-EU Relations
EditorF. Nauro Campos, Fabrizio Coricelli
Pagine139-173
Numero di pagine35
Volume2016
DOI
Stato di pubblicazionePubblicato - 2017

Keywords

  • European union
  • Foreign direct investment
  • Gravity model
  • SCM

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