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Determinants of the Internationalization of Regions: The Role and Effectiveness of Public Policy Measures

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  • Mariasole Bannò
  • Lucia Piscitello
  • Celeste Varum

Abstract

B annò M., P iscitello L. and V arum C. Determinants of the internationalization of regions: the role and effectiveness of public policy measures, Regional Studies . This paper assesses the role of public policy measures on outward internationalization of regions. By including financial and non-financial incentives among the determinants of the international competitiveness of regions, it is found that the former are important to enhance their active internationalization, but that variables related to the knowledge and competence base of regions are even more so. Financial incentives related to equity participation as well as non-financial incentives related to the provision of information come out highly significant in stimulating outward internationalization. The empirical analysis is conducted for the twenty Italian NUTS-2 regions over the period 2003-2008.

Suggested Citation

  • Mariasole Bannò & Lucia Piscitello & Celeste Varum, 2015. "Determinants of the Internationalization of Regions: The Role and Effectiveness of Public Policy Measures," Regional Studies, Taylor & Francis Journals, vol. 49(7), pages 1208-1222, July.
    • Handle: RePEc:taf:regstd:v:49:y:2015:i:7:p:1208-1222
    DOI: 10.1080/00343404.2013.821570
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    References listed on IDEAS

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    1. John H. Dunning & Sarianna M. Lundan, 2008. "Multinational Enterprises and the Global Economy, Second Edition," Books, Edward Elgar Publishing, number 3215.
    2. Lee Branstetter & Itzhak Goldberg & John Gabriel Goddard & Smita Kuriakose, 2008. "Globalization and Ttechnology Absorption in Europe and Central Asia : The Role of Trade, FDI, and Cross-Border Knowledge Flows," World Bank Publications - Books, The World Bank Group, number 6445.
    3. Kokko, Ari, 2006. "The Home Country Effects Of Fdi In Developed Economies," EIJS Working Paper Series 225, Stockholm School of Economics, The European Institute of Japanese Studies.
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    Cited by:

    1. Simona Iammarino, 2018. "FDI and regional development policy," Journal of International Business Policy, Palgrave Macmillan, vol. 1(3), pages 157-183, December.
    2. M. Bannò & D. Giuliani & E. Zaninotto, 2015. "The nature of export spillovers on trade: an analysis at NUTS 3 level in Italy," Applied Economics Letters, Taylor & Francis Journals, vol. 22(10), pages 815-819, July.
    3. Riccardo Crescenzi & Simona Iammarino, 2017. "Global investments and regional development trajectories: the missing links," Regional Studies, Taylor & Francis Journals, vol. 51(1), pages 97-115, January.
    4. Artemis Chang & Rui Torres de Oliveira & Hsi-Mei Chung & Nan Zheng, 2022. "Subnational response differences on the Belt and Road Initiative policy and firm internationalization: A longitudinal and multi-level approach," Journal of International Business Policy, Palgrave Macmillan, vol. 5(2), pages 152-171, June.
    5. Mariasole Bann√ö & Diego Giuliani & Enrico Zaninotto, 2014. "Going abroad on regional shoulders: The role of spillovers on the composition of regional exports," DEM Discussion Papers 2014/06, Department of Economics and Management.

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