WHAT ATTRACTS FOREIGN MULTINATIONAL CORPORATIONS? EVIDENCE FROM BRANCH PLANT LOCATION IN THE UNITED STATES
使用条件逻辑模型分析外国跨国公司在美国各州设立新制造工厂的选址决策，发现市场准入、劳动力市场条件、州政府引资努力及地方税负是关键因素，且日本与欧洲跨国公司的决策因素存在差异。
ABSTRACT. The location decisions of foreign multinational corporations (FMNCs) are analyzed using a conditional logit model with states as the choice set. We consider the establishment of new manufacturing plants and separately analyze the site selection of all MNCs, Japanese MNCs, and European MNCs. The results indicate that access to markets, labor market conditions, state promotional efforts to attract foreign investment, and state and local personal taxes are significant fadors in the location decision. The decision determinants for Japanese and European MNCs are found to be different.