A multilateral network perspective on inward FDI

IF 8.6 1区 管理学 Q1 BUSINESS Journal of International Business Studies Pub Date : 2023-10-21 DOI:10.1057/s41267-023-00650-x
Soni Jha, Snehal Awate, Ram Mudambi
{"title":"A multilateral network perspective on inward FDI","authors":"Soni Jha, Snehal Awate, Ram Mudambi","doi":"10.1057/s41267-023-00650-x","DOIUrl":null,"url":null,"abstract":"<p>Foreign direct investment (FDI) remains a preferred mode for multinational enterprises to access international markets, resources, and technology. However, there are vigorous debates in the academic literature about the magnitude of inward FDI spillovers and their effect on the economic growth of host countries. In this paper, we argue that these empirical inconsistencies arise from the narrow “home-host” bilateral context in which inward FDI spillovers are analyzed. Further, we show that the inconsistencies can be resolved by adopting a broader, multilateral network perspective to estimate the effects of inward FDI. This perspective allows us to account for the differences in inward FDI spillovers from different investing countries and aggregate these to assess the overall impact of inward FDI. We use quantitative network-centric analysis to model the multilateral connectivity amongst nations engendered by inward FDI. Specifically, we use a panel data set of over 200 host countries spanning two decades to demonstrate that (a) the <i>diversity</i> of inward FDI measured by the number of investing countries and (b) the <i>quality</i> of inward FDI measured by the structural position of investing countries in the global inward FDI network is correlated with higher economic growth of host countries.</p>","PeriodicalId":48453,"journal":{"name":"Journal of International Business Studies","volume":"18 6","pages":""},"PeriodicalIF":8.6000,"publicationDate":"2023-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Business Studies","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1057/s41267-023-00650-x","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0

Abstract

Foreign direct investment (FDI) remains a preferred mode for multinational enterprises to access international markets, resources, and technology. However, there are vigorous debates in the academic literature about the magnitude of inward FDI spillovers and their effect on the economic growth of host countries. In this paper, we argue that these empirical inconsistencies arise from the narrow “home-host” bilateral context in which inward FDI spillovers are analyzed. Further, we show that the inconsistencies can be resolved by adopting a broader, multilateral network perspective to estimate the effects of inward FDI. This perspective allows us to account for the differences in inward FDI spillovers from different investing countries and aggregate these to assess the overall impact of inward FDI. We use quantitative network-centric analysis to model the multilateral connectivity amongst nations engendered by inward FDI. Specifically, we use a panel data set of over 200 host countries spanning two decades to demonstrate that (a) the diversity of inward FDI measured by the number of investing countries and (b) the quality of inward FDI measured by the structural position of investing countries in the global inward FDI network is correlated with higher economic growth of host countries.

查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
从多边网络角度看外国直接投资
外国直接投资(FDI)仍然是跨国企业获得国际市场、资源和技术的首选模式。然而,关于外国直接投资流入溢出的规模及其对东道国经济增长的影响,学术文献中存在激烈的争论。在本文中,我们认为,这些经验上的不一致源于狭隘的“主场-东道主”双边背景,在这种背景下,对外来FDI溢出进行了分析。此外,我们表明,这种不一致可以通过采用更广泛的多边网络视角来估计外国直接投资的影响来解决。这一视角使我们能够解释来自不同投资国的外国直接投资流入溢出效应的差异,并将这些差异汇总起来,以评估外国直接投资流入的总体影响。我们使用定量的以网络为中心的分析来模拟由外国直接投资产生的国家之间的多边连通性。具体来说,我们使用跨越二十年的200多个东道国的面板数据集来证明(a)由投资国数量衡量的流入FDI的多样性和(b)由投资国在全球流入FDI网络中的结构地位衡量的流入FDI的质量与东道国较高的经济增长相关。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
16.20
自引率
10.30%
发文量
84
期刊介绍: The Selection Committee for the JIBS Decade Award is pleased to announce that the 2023 award will be presented to Anthony Goerzen, Christian Geisler Asmussen, and Bo Bernhard Nielsen for their article titled "Global cities and multinational enterprise location strategy," published in JIBS in 2013 (volume 44, issue 5, pages 427-450). The prestigious JIBS Decade Award, sponsored by Palgrave Macmillan, recognizes the most influential paper published in the Journal of International Business Studies from a decade earlier. The award will be presented at the annual AIB conference. To be eligible for the JIBS Decade Award, an article must be one of the top five most cited papers published in JIBS for the respective year. The Selection Committee for this year included Kaz Asakawa, Jeremy Clegg, Catherine Welch, and Rosalie L. Tung, serving as the Committee Chair and JIBS Editor-in-Chief, all from distinguished universities around the world.
期刊最新文献
Beyond global mobility: how human capital shapes the MNE in the 21st century How does colonial history matter for expatriate adjustment? The case of Brazilians in Portugal The changing faces of global cities and firms: a new perspective on firms’ location strategy Forgotten globalizing actors: towards an understanding of the range of individuals involved in global norm formation in multinational companies Financial statement comparability and global supply chain relations
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1