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

Randolph Luca Bruno; Nauro F. Campos; Saul Estrin; Meng Tian

doi:10.1007/978-3-319-55495-2_6

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 libro › Chapter

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 originale	English
Titolo della pubblicazione ospite	The Economics of UK-EU Relations
Editor	F. Nauro Campos, Fabrizio Coricelli
Pagine	139-173
Numero di pagine	35
Volume	2016
DOI	https://doi.org/10.1007/978-3-319-55495-2_6
Stato di pubblicazione	Pubblicato - 2017

Keywords

European union
Foreign direct investment
Gravity model
SCM

OSS delle Nazioni Unite

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AU - Campos, Nauro F.

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AU - Tian, Meng

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N2 - 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).

AB - 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).

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KW - Foreign direct investment

KW - Gravity model

KW - SCM

KW - European union

KW - Foreign direct investment

KW - Gravity model

KW - SCM

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M3 - Chapter

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SP - 139

EP - 173

BT - The Economics of UK-EU Relations

A2 - Campos, F. Nauro

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ER -

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

Abstract

Keywords

OSS delle Nazioni Unite

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