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Has the crisis affected Spanish investment strategy abroad? A spatial panel data approach

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dc.contributor.author Gutiérrez-Portilla, Paula
dc.contributor.author Maza, Adolfo
dc.contributor.author Villaverde, José
dc.date.accessioned 2019-01-03T12:36:25Z
dc.date.issued 2018
dc.identifier.uri http://hdl.handle.net/10344/7442
dc.description peer-reviewed en_US
dc.description.abstract This paper investigates whether the Spanish investment strategy abroad has been affected by the Great Recession. Applying a panel spatial Durbin model for two sample periods, pre‐crisis (1996–2007) and crisis (2008–14), our findings indicate that Spanish foreign direct investment (FDI) strategy has been indeed markedly altered by the global economic crisis. Complex‐vertical FDI motives prevailed over the pre‐crisis period, whereas horizontal FDI did so over the crisis. These results are robust to the use of sectoral FDI data and alternative specifications of the spatial weight matrix.
dc.language.iso eng en_US
dc.publisher Wiley and Sons Ltd., en_US
dc.relation.ispartofseries World Economy; 42 (4), pp. 1032-1056
dc.relation.uri http://dx.doi.org/10.1111/twec.12740
dc.subject foreign direct investment en_US
dc.subject spatial dependence en_US
dc.subject Spain en_US
dc.title Has the crisis affected Spanish investment strategy abroad? A spatial panel data approach en_US
dc.type info:eu-repo/semantics/article en_US
dc.type.supercollection all_ul_research en_US
dc.type.supercollection ul_published_reviewed en_US
dc.identifier.doi 10.1111/twec.12740
dc.date.embargoEndDate 2020-10-19
dc.embargo.terms 2020-10-19 en_US
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US


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