Agglomeration economies and location choice: Foreign direct investment in Hungary

被引:62
|
作者
Boudier-Bensebaa, F [1 ]
机构
[1] Univ Paris 12, ERUDITE, F-94010 Creteil, France
关键词
agglomeration economies; foreign direct investment; panel estimation; regional location; transition;
D O I
10.1111/j.0967-0750.2005.00234.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Since the beginning of the transition process, Hungary has attracted a significant amount of foreign direct investment (FDI), although this is unevenly distributed among the twenty Hungarian counties. This paper examines the determinants of FDI at a regional level in Hungary and more particularly assesses the importance of agglomeration effects among determinants. A panel model of the location determinants of FDI in Hungary is developed and estimated. Empirical testing suggests that counties with higher labour availability, greater industrial demand and higher manufacturing density attract more FDI. Surprisingly, higher unit labour costs attract FDI. In addition, inter-industrial agglomeration economies and infrastructure availability are found to be important.
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页码:605 / 628
页数:24
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