TY - JOUR
T1 - The geography of multinational corporations in CEE countries
T2 - perspectives for second-tier city regions and European cohesion policy
AU - Dogaru, Teodora
AU - Burger, Martijn
AU - van Oort, Frank
AU - Karreman, Bas
N1 - JEL classifications; R38; R58 and R12
PY - 2014
Y1 - 2014
N2 - The largest regional disparities in CEE countries are between capital and non-capital city regions. MNCs invest in these regions for various rea-sons, contributing to regional development exogenously. In this paper, we analyse location decisions of FDI investments in the period 2003-2010. We find that the most important location factors for FDI are market accessibility, strategic assets, institutional quality and agglomeration, in the post-crisis era even more than be-fore. Presently, second-tier city regions are not capable of offering all these factors simultaneously. For improving their opportunities and contribution to European cohesion and convergence, more substantial and direct investments are needed. Without these, the recently suggested competitiveness opportunities of second-tier city regions are difficult to obtain.
AB - The largest regional disparities in CEE countries are between capital and non-capital city regions. MNCs invest in these regions for various rea-sons, contributing to regional development exogenously. In this paper, we analyse location decisions of FDI investments in the period 2003-2010. We find that the most important location factors for FDI are market accessibility, strategic assets, institutional quality and agglomeration, in the post-crisis era even more than be-fore. Presently, second-tier city regions are not capable of offering all these factors simultaneously. For improving their opportunities and contribution to European cohesion and convergence, more substantial and direct investments are needed. Without these, the recently suggested competitiveness opportunities of second-tier city regions are difficult to obtain.
UR - https://investigacionesregionales.org/en/novedad/investigaciones-regionales-numero-29-ya-disponible/
M3 - Article
SN - 1695-7253
VL - 29
SP - 193
EP - 214
JO - Investigaciones Regionales (print)
JF - Investigaciones Regionales (print)
IS - 29
ER -