Outward Investments and Productivity: Evidence from European Regions

Foreign direct investment and regional economic development in Russia: an econometric assessment

“…Taking into account the weak management base and backward production technology of former socialist enterprises as compared with multinational corporations based in developed economies, it is highly likely that such negative external effects have taken place in Russia (Iwasaki and Tokunaga, 2014). In summary, as Castellani and Pieri (2011) argue, the effect of FDI and the entry of foreign multinationals on aggregate productivity in the host economy largely depend on the balance between the positive pecuniary and technological externalities and the sterling's negative effect on business. The impact of FDI is also affected by the type of activities that foreign companies transfer into the host economy.…”

Global investments and regional development trajectories: the missing links

“…Similarly, indirect effects are related to both forward/backward linkages and knowledge spillovers of domestic MNEs on the rest of the home economy. However, the overall impact on the home country (region) remains ambiguous: it depends on the net balance between delocalized activities and reconfiguration of home production (Castellani & Zanfei, 2007;Castellani & Pieri, 2016). The theoretical literature has emphasized the crucial relevance of the nature of FDI: domestic firms may gain from the relocation of production towards relatively less advanced economies by triggering specialization by function within each industry, rather than by sector (Baldwin & Robert-Nicoud, 2007;Robert-Nicoud, 2008).…”

“…However, as pointed out by Castellani and Pieri (2016), the impact on the home economy of internationalization through investment abroad by domestic firms has until recently been rarely considered as a factor affecting regional development and growth, due to the lack of both strong conceptual frameworks and accurate information on the spatial scale and extent of outward FDI (see also Mudambi, 2007). Adjustment costs associated with the transition towards models of internationalization based on bi-directional global investment flows may be particularly relevant for less resilient peripheral regions, raising important questions about the spatial distribution of the benefits from the globalization of production in advanced economies (e.g., Elia, Mariotti, & Piscitello, 2009;Kemeny & Rigby, 2012).…”

“…Consistently, existing evidence shows that more intense outward FDI are associated, at least in the short run, with lower productivity and employment destruction -especially unskilled -at home. However, compensation effects of higher valueadded productions and job creation in the home economy are also likely to emerge, particularly in the case of FDI towards regions and countries with a relatively lower level of development (e.g., Barba Navaretti, Castellani, & Disdier, 2010;Castellani & Pieri, 2016;Driffield, Love, & Taylor, 2009;Gagliardi, Iammarino, & RodriguezPose, 2015;Grossman & Rossi-Hansberg, 2006). Positive effects may be strengthened over time thanks to efficiency gains linked to the geographical rationalization of production along the value chain, and to the dynamic benefits stemming from tapping into new sources of innovation and technical knowledge elsewhere (Cantwell & Iammarino, 2003;Castellani & Pieri, 2013;Crescenzi, Gagliardi, & Iammarino, 2015).…”

Gyventojų užimtumo pokyčių diferenciacijos įvertinimas Lietuvos regionuose

“…Apibendrinus mokslinę literatūrą, galima skirti šiuos pagrindinius veiksnius ir priežastis, lemiančias regionų skirtumus bei regionų ekonominį netolygumą: geografinės ir fiziologinės savybės, demografiniai ypatumai, istorijos ir kultūros patirtis, technologinės plėtros lygis, socialinė, ekonominė plėtra, darbo rinka, viešoji infrastruktūra, politiniai ir instituciniai veiksniai (Vetlovas, Virbickas, 2006;Pukelienė, Glinskienė, Beržinskienė, 2007 ir kt. ;Verkulevičiūtė, 2009;Malais, Heageman, 2009;Valiskas, 2011;Žalevičienė, 2012;Gedminaitė-Raudonė, 2014;Sinkienė, Grumadaitė, 2014;Altmann, Falk, Grunewald, Huffman, 2014;Castellani, Pieri, 2016).…”