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The clustering of FDI in India: the importance of peer effects

By Peter Nunnenkamp and Megha Mukim


We assess the location choices of 6020 foreign investors at the level of Indian districts. Employing conditional logit models, we find that clustering of Foreign Direct Investment (FDI) is driven strongly by herding among investors from both, the same and other countries of origin. However, the behaviour of Nonresident Indians (NRIs) and German investors is strikingly different

Topics: H Social Sciences (General), HF Commerce
Publisher: Taylor & Francis
Year: 2012
DOI identifier: 10.1080/13504851.2011.602007
OAI identifier:
Provided by: LSE Research Online
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