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

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.

Otras publicaciones de la misma revista o congreso con autores/as de la Universidad de Cantabria

 Fuente: World economy,Volume42, Issue 4, April 2019, Pages 1032-1056

Editorial: Wiley-Blackwell

 Fecha de publicación: 01/04/2019

Nº de páginas: 24

Tipo de publicación: Artículo de Revista

DOI: 10.1111/twec.12740

ISSN: 0378-5920,1467-9701

Proyecto español: FPU2013/00791

Url de la publicación: https://doi.org/10.1111/twec.12740

Autores/as

PAULA GUTIERREZ PORTILLA

JOSE VILLAVERDE CASTRO