Industrial performance, agglomeration, and foreign manufacturing investment in the UK

Driffield, Nigel and Munday, Max (2000). Industrial performance, agglomeration, and foreign manufacturing investment in the UK. Journal of International Business Studies, 31 (1), pp. 21-37.

Abstract

This paper examines the relationship between the comparative advantage of UK industries, and new inward investment into these industries. The paper demonstrates that the extent of foreign manufacturing investment in an industry, and the spatial agglomeration of that industry, are significant determinants of industry comparative advantage, thus providing evidence of agglomeration benefits to both domestic and foreign firms. The paper then shows that industry comparative advantage itself, toegther with a series of industry specific characteristics, are important determinants of new foreigh manufacturing investment, thus providing evidence of the dynamic benefits of foreign direct investment in the UK economy.

Publication DOI: https://doi.org/10.1057/palgrave.jibs.8490897
Divisions: Aston Business School > Economics finance & entrepreneurship
Uncontrolled Keywords: comparative advantage,UK industries,inward investment,foreign manufacturing investment,spatial agglomeration,industry comparative advantage
Published Date: 2000

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