Joakim Gullstrand
Dean, Professor
Exploring outward FDI and the choice of destination: Evidence from Swedish firm-level data
Author
Summary, in English
Using Swedish firm-level data on all firms and their affiliates abroad, we investigate what observable firm and country characteristics affect the size of an affiliate in a particular destination. We employ the richness of the data to investigate the importance of destination country factors in explaining firm outward FDI activities and distinguish between the factors that affect such activities in manufacturing versus services firms as well as vertical versus horizontal investments. Our results lend support to existing theories of multinational activity of manufacturing but not services firms. We also find observable differences between vertical and horizontal manufacturing firms that are not always explained by theory.
Department/s
- Department of Economics
Publishing year
2018-10-07
Language
English
Pages
1222-1225
Publication/Series
Applied Economics Letters
Volume
25
Issue
17
Full text
- Available as PDF - 775 kB
- Download statistics
Document type
Journal article
Publisher
Routledge
Topic
- Economics
Keywords
- outward FDI
- globalization
- FDI destination
- heterogeneous firms
Status
Published
ISBN/ISSN/Other
- ISSN: 1466-4291