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Patterns of International Investment in Spain, 1850–2005

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  • Puig, Núria
  • Castro, Rafael

Abstract

International capital flows are strongly influenced by countryspecific patterns that can be best understood in historical and comparative perspective. A long-term empirical analysis of French and German investment in Spain reveals that the core capabilities of foreign fi rms and their relations with local partners have spurred the rise and development of two national models of international investment, characterized here as “political” and “technical.” The research identifies the main actors and the ownership advantages of the two models that have proved to be so resilient over time.

Suggested Citation

  • Puig, Núria & Castro, Rafael, 2009. "Patterns of International Investment in Spain, 1850–2005," Business History Review, Cambridge University Press, vol. 83(3), pages 505-537, October.
    • Handle: RePEc:cup:buhirw:v:83:y:2009:i:03:p:505-537_00
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    Cited by:

    1. Llopis, Maria Teresa Sanchis, 2016. "Did electricity drive Spain’s “most progressive decade”?," CAGE Online Working Paper Series 309, Competitive Advantage in the Global Economy (CAGE).
    2. Cárdenas, Luis & Fernández, Rafael, 2020. "Revisiting francoist developmentalism: The influence of wages in the Spanish growth model," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 260-268.
    3. Rohit Subhash Prabhudesai & Ch V V S N V Prasad & Boon Chuan Ang, 2017. "Exploring Emerging Latin America: Implications for German Companies Using Spain as a Springboard Country," Global Business Review, International Management Institute, vol. 18(4), pages 993-1009, August.

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