Template-type: ReDif-Paper 1.0
Author-Name: Crescenzi R. 
Author-Name: Pietrobelli C. 
Author-Name: Rabellotti R. 
Author-workplace-name: UNU-MERIT
Title: The location strategies of multinationals from emerging countries in the EU regions
Abstract: This paper contributes to the current debate in both Economic Geography and International Business on the nature and strategies of Multinational Enterprises MNEs from emerging countries EMNEs. The paper fills a very relevant gap in the existing literature by shedding new light on the location strategies of EMNEs at the national and regional level, looking at their investment drivers and systematically comparing them with those of multinationals from advanced countries AMNEs. The empirical analysis looks at the location choices of MNEs in the European Union EU-25 regions and unveils that EMNEs follow distinctive location strategies. Their attraction into large regional markets is similar to AMNEs as well as their irresponsiveness to efficiency seeking motives. Conversely, the most knowledge-intensive investments of EMNEs respond mainly to two attraction factors strategic assets in the form of local technological dynamism and the agglomeration of foreign investments in the same business functions. In addition, both the national and the regional levels are simultaneously relevant to EMNEs decisions.
Keywords: International Investment, Long-term Capital Movements, Multinational Firms, International Business, Technological Change, Diffusion Processes, Regional Economic Activity, Regional Development Planning and Policy 
Classification-JEL: F21, F23, O33, R12, R58
Series: UNU-MERIT Working Papers
Creation-Date: 2015
Number: 2015-009
File-URL: https://unu-merit.nl/publications/wppdf/2015/wp2015-009.pdf
File-Format: application/pdf
File-Size: 371773
Handle: RePEc:unm:unumer:2015009