Skip to main content
Article thumbnail
Location of Repository

Foreign direct investment and regional growth: An analysis of the Spanish case

By Oscar Bajo-Rubio, Carmen Díaz-Mora and Carmen Díaz-Roldán

Abstract

The massive increase in foreign direct investment (FDI) inflows following the Spanish integration with the now European Union (EU) in 1986, has been one of the most important features shaping the behaviour of the Spanish economy in the last twenty years. In this paper we will try to assess the impact of FDI on regional economic growth following Spain’s entry into the EU, using data for the 17 Spanish regions. The results support the important role played by FDI in promoting productivity growth, for those regions that received higher FDI inflows over the period analyzed.Economic growth, Foreign direct investment, Regions

OAI identifier:

Suggested articles

Citations

  1. (2005a): El stock de capital en España y su distribución territorial (1964-2002),
  2. (1992). A contribution to the empirics of economic growth”,
  3. (1970). A growth model of international direct investment”,
  4. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth”,
  5. (1994). An econometric analysis of foreign direct investment in Spain, 1964-89”,
  6. (1995). Another look at the instrumental variable estimation of error-components models”,
  7. (2005). Capital humano en España y su distribución provincial, electronic edition,
  8. (2006). Catching-up to foreign technology? Evidence on the “Veblen-Gerschenkron” effect of foreign investments”,
  9. (2000). Concentración y especialización regional de la inversión directa extranjera en España”,
  10. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela”,
  11. (2007). Economic growth in the presence of FDI: The perspective of newly industrialising economies”,
  12. (1991). Economic integration and endogenous growth”,
  13. (1998). Efectos macroeconómicos del Mercado Único Europeo”,
  14. (1990). Endogenous technological change”,
  15. (2004). FDI and economic growth: The role of local financial markets”,
  16. (2006). Foreign direct investment and economic growth: Empirical evidence from Russian regions”, BOFIT Discussion Paper 17, Bank of Finland, Institute for Economies in Transition.
  17. (1996). Foreign direct investment and growth in EP and IS countries”,
  18. (2005). Foreign direct investment and growth under economic integration”,
  19. (2002). Foreign direct investment as technology transferred: Some panel evidence from the transition economies”,
  20. (2002). Foreign direct investment in a process of economic integration: The case of Spanish manufacturing, 1986-1992”,
  21. (1999). Foreign direct investment-led growth: Evidence from time series and panel data”,
  22. (2005). Foreign direct investment, competition and industrial development in the host country”,
  23. (1992). Foreign investment and technology transfer. A simple model”,
  24. (2004). From R&D to innovation and economic growth in the EU”,
  25. (2001). GMM estimation of empirical growth models”, Discussion Paper 3048, Centre for Economic Policy Research.
  26. (1990). Growth, technology transfer, and the long-run theory of international capital movements”,
  27. (1998). How does foreign direct investment affect economic growth?”,
  28. (1993). Idea gaps and object gaps in economic development”,
  29. (1998). Initial conditions and moment restrictions in dynamic panel data models”,
  30. (1991). Innovation and growth in the global economy,
  31. (2001). Interpreting developed countries’ foreign direct investment”, in Deutsche Bundesbank: Investing today for the world of tomorrow,
  32. (2003). Inversión directa extranjera de España en la década final del siglo XX: Nuevas perspectivas, Fundación José Ortega y Gasset,
  33. (2002). Inversión extranjera directa, innovación tecnológica y productividad. Una aplicación a la industria española”,
  34. (2002). Inversión extranjera directa: Factores determinantes de la localización regional”,
  35. (2004). Is the foreign capital leaving industrialized countries? The case of Spain”, Working
  36. (2004). Much ado about nothing? Do domestic firms really benefit from foreign direct investment?”,
  37. (1998). Multinational corporations and spillovers”,
  38. (2005). Optimal endowments of public capital: An empirical analysis for the Spanish regions”,
  39. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations”,
  40. (2005). The effects of capital inflows on the economic growth in the Med Area”,
  41. (2001). The impact of Spain’s integration with the EC on trade and foreign investment, Wydawnictwo Akademii Ekonomicznej im. Oskara Langego we Wrocławiu,
  42. (1991). Un estudio sobre la distribución geográfica de la inversión extranjera directa en España”,
  43. (1994). What explains the growth of developing countries?”,

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.