Capital Mobility and Specialization in the European Union
Dupuch, Sébastien
Capital Mobility and Specialization in the European Union - 2002.
16
This article focuses on capital mobility highlighted through foreign direct investment ( FDI ) as an adjustment mechanism among EU members. The determinants of intra-european FDI and their impact on country specialisation are successively considered, discerning counterbalancing and agglomeration factors. Several factors such as geographic proximity, trade links and market potential have strengthened FDI polarisation in centre countries. Domestic investments reinforced European specialisation while FDI increased economic diversification and quality intra-branch trade.Classification JEL: F15, F21, R30
Capital Mobility and Specialization in the European Union - 2002.
16
This article focuses on capital mobility highlighted through foreign direct investment ( FDI ) as an adjustment mechanism among EU members. The determinants of intra-european FDI and their impact on country specialisation are successively considered, discerning counterbalancing and agglomeration factors. Several factors such as geographic proximity, trade links and market potential have strengthened FDI polarisation in centre countries. Domestic investments reinforced European specialisation while FDI increased economic diversification and quality intra-branch trade.Classification JEL: F15, F21, R30
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