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Foreign Direct Investment in Producer Services: Theory and Empirical Evidence
Horst Raff Christian-Albrechts-Universitaet zu Kiel; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Kiel Institute for the World Economy Marc Von der Ruhr St. Norbert College October 2001 CESifo Working Paper Series No. 598 Abstract: This paper examines the pattern of foreign direct investment (FDI) in producer services. We develop a model of FDI in these services and test its predictions using panel data on U.S.FDI in 25 host countries from 1976 to 1995. We find evidence that, in addition to governmental and cultural barriers, producer-service firms may face informational barriers to entry into foreign markets. The presence of such barriers provides a possible explanation for the observation that producer-service FDI tends to follow FDI by downstream industries.
JEL Classifications: F23 Working Paper SeriesDate posted: November 20, 2001 ; Last revised: September 01, 2004Suggested CitationContact Information
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