Firm-location dynamics and subnational institutions: creating a framework for collocation advantages
通过两个发达经济体次国家区域的案例，研究次国家制度如何协调吸引外资并促进共区位优势，揭示制度差异对跨国公司和产业政策的影响。
The dynamic interaction between locational attributes and foreign direct investment (FDI) is an important condition for successful economic activity. Yet while significant research has identified the integral role of socio-spatial aspects to the duration, composition, performance and coevolution of multinational enterprise (MNE) activity, there is limited understanding of how subnational regions coordinate with investment over time. This paper seeks to explore how subnational regions, and their composite institutions, function in coordinating – or not – to attract multinational investment and facilitate collocation advantages. Using case study analysis of two subnational regions within a single advanced economy, we illustrate the potential variation and implications of subnational institutional structure, posturing and engagement with FDI. Our findings are discussed in terms of the role of subnational variation for MNEs and insights to industrial policy for developed countries.