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Agglomeration economies, local cluster and foreign direct investments a pilot study for Emilia Romagna region

Author

Listed:
  • Cesare Imbriani

    (Sapienza - University of Roma)

  • Piergiuseppe Morone

    (The University of Foggia)

  • Rosanna Pittiglio

    (University of Napoli SUN)

  • Filippo Reganati

    (Sapienza - University of Roma)

Abstract

This article evaluates the determinants of FDI location in Italy. The focus of this pilot investigation is on the specific characteristics of municipalities located in the Emilia Romagna region over the period 2002-2007. A negative binomial estimation model is employed. It is found that the concentration of foreign economic activity is positively related to knowledge variables (i.e. R&D investments, the presence of a university and the presence of a district area) and productive structure variables (i.e. capital stock, labour cost and business services). Traditional infrastructural characteristics such as highways, railways and seaports, often regarded as important location determinants, are not robust with respect to the specification of the estimating equation.

Suggested Citation

  • Cesare Imbriani & Piergiuseppe Morone & Rosanna Pittiglio & Filippo Reganati, 2012. "Agglomeration economies, local cluster and foreign direct investments a pilot study for Emilia Romagna region," Economics Bulletin, AccessEcon, vol. 32(1), pages 662-674.
    • Handle: RePEc:ebl:ecbull:eb-11-00768
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    FDI; Industrial districts; knowledge spillovers; negative binomial model;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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