Foreign Direct Investment in the UK: Flows, Attitudes, and Implications

Journal of Interdisciplinary Economics, 2005, Vol. 16(1), 5-30

26 Pages Posted: 14 Apr 2013 Last revised: 7 Sep 2013

See all articles by Forrest Capie

Forrest Capie

Bank of England

Geoffrey Wood

Cass Business School

Frank Sensenbrenner

Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)

Date Written: April 13, 2013

Abstract

In this paper we examine foreign investment in the UK – a perhaps puzzling, even paradoxical, issue to explore, since the UK is itself, even before adjusting for the size of the British economy, one of the world’s biggest overseas investors. This, we would conjecture, may go a long way to explain what we find. But to go immediately to our conclusions would be distinctly premature. We start by outlining the rest of the paper. In the first section we provide some historical background, setting UK investment in a long-run context. Then we turn to some possible approaches to the analysis of inward investment. Having laid these out, we follow that with some hypotheses based on them. There is then a review of previous work on inward investment into the UK. Then we set out our data, and, having discussed its limitations, test our hypotheses against it. Then we seek to draw some conclusions.

Keywords: foreign invesment, UK, British economy

Suggested Citation

Capie, Forrest and Wood, Geoffrey E. and Sensenbrenner, Frank, Foreign Direct Investment in the UK: Flows, Attitudes, and Implications (April 13, 2013). Journal of Interdisciplinary Economics, 2005, Vol. 16(1), 5-30. Available at SSRN: https://ssrn.com/abstract=2250510

Forrest Capie

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom
020 7601 3680 (Phone)

Geoffrey E. Wood

Cass Business School ( email )

London, EC2Y 8HB
Great Britain
+44 0 20 7040 8740 (Phone)
+44 0 20 7040 8881 (Fax)

Frank Sensenbrenner (Contact Author)

Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) ( email )

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