The geography of multinational corporations in CEE countries: perspectives for second-tier city regions and European cohesion policy

Dora Dogaru, Frank van Oort, Marlijn Burger, Bas Karreman

    Research output: Contribution to journalArticleAcademicpeer-review

    Abstract

    The largest regional disparities in CEE countries are between capital
    and non-capital city regions. MNCs invest in these regions for various reasons,
    contributing to regional development exogenously. In this paper we analyse
    location decisions of FDI investments in the period 2003-2010. We find that the
    most important location factors for FDI are market accessibility, strategic assets,
    institutional quality and agglomeration, in the post-crisis era even more than before.
    Presently, second-tier city regions are not capable of offering all these factors
    simultaneously. For improving their opportunities and contribution to European
    cohesion and convergence, more substantial and direct investments are needed.
    Without these, the recently suggested competitiveness opportunities of second-tier
    city regions are difficult to obtain.
    Original languageEnglish
    Pages (from-to)193-214
    Number of pages22
    JournalInvestigaciones Regionales
    Volume29
    Publication statusPublished - 2014

    Keywords

    • Greenfield FDI
    • CEE regions
    • location factors
    • competitive advantage

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