State Characteristics and the Location of Foreign Direct Investment within the United States
用条件Logit模型分析1981-83年外国制造企业在美国各州的选址决策,发现人均收入高、制造业密度大的州吸引更多外资,而高工资起抑制作用,高失业率和高工会化率反而吸引外资,税收总体抑制但交通和促销支出促进外资。
A conditional logit model of the location decision of foreign firms investing in manufacturing facilities in the United States is developed and estimated. The authors results for 1981-83 indicate that states with higher per capita incomes and higher densities of manufacturing activity attracted relatively more foreign direct investment. In addition, higher wages deterred foreign direct investment, while higher unemployment rates attracted it. Surprisingly, higher unionization rates were associated with increased foreign direct investment. Overall, higher taxes deterred foreign direct investment; however, more extensive transportation infrastructures and larger promotional expenditures were associated with increased foreign direct investment. Copyright 1991 by MIT Press.