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Foreign direct investment and prospects for the northern region

Author

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  • Jones, Jonathan
  • Wren, Colin

Abstract

This paper's purpose is to review the recent experience of foreign direct investment (FDI) in North East England, and to explore the implications of this for the region's prospective economic development. Foreign-owned plants are reckoned to account for more than half the North East's employment in manufacturing, so that the future economic prospects of the region rest heavily on the performance of this stock of FDI plants. Further, the attraction of FDI continues to be a vital component of the region's economic strategy (One NorthEast, 2005), while the Regional Development Agency (RDA) supports initiatives to both develop and "embed" these plants in the region.

Suggested Citation

  • Jones, Jonathan & Wren, Colin, 2008. "Foreign direct investment and prospects for the northern region," LSE Research Online Documents on Economics 33137, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:33137
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    File URL: http://eprints.lse.ac.uk/33137/
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    References listed on IDEAS

    as
    1. Jonathan Jones & Colin Wren, 2004. "Do Inward Investors Achieve their Job Targets?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(4), pages 483-513, September.
    2. Ian Stone & Frank Peck, 1996. "The Foreign-owned Manufacturing Sector in UK Peripheral Regions, 1978-1993: Restructuring and Comparative Performance," Regional Studies, Taylor & Francis Journals, vol. 30(1), pages 55-68.
    3. N. A. Phelps & Danny Mackinnon & Ian Stone & Paul Braidford, 2003. "Embedding the Multinationals? Institutions and the Development of Overseas Manufacturing Affiliates in Wales and North East England," Regional Studies, Taylor & Francis Journals, vol. 37(1), pages 27-40.
    4. Rachel Griffith, 1999. "Using the ARD establishment level data to look at foreign ownership and productivity in the UK," IFS Working Papers W99/06, Institute for Fiscal Studies.
    5. Griffith, Rachel, 1999. "Using the ARD Establishment Level Data to Look at Foreign Ownership and Productivity in the United Kingdom," Economic Journal, Royal Economic Society, vol. 109(456), pages 416-442, June.
    6. Jonathan Jones & Colin Wren, 2004. "Inward foreign direct investment and employment: a project-based analysis in north-east England," Journal of Economic Geography, Oxford University Press, vol. 4(5), pages 517-543, November.
    7. McCloughan, Patrick & Stone, Ian, 1998. "Life duration of foreign multinational subsidiaries: Evidence from UK northern manufacturing industry 1970-93," International Journal of Industrial Organization, Elsevier, vol. 16(6), pages 719-747, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • N0 - Economic History - - General
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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