@article{10902/17890,
year = {2019},
month = {4},
url = {http://hdl.handle.net/10902/17890},
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.},
publisher = {Wiley-Blackwell},
publisher = {World economy,Volume 42, Issue 4, April 2019, Pages 1032-1056},
title = {Has the crisis affected Spanish investment strategy abroad? A spatial panel data approach},
author = {Gutiérrez Portilla, Paula and Maza Fernández, Adolfo Jesús and Villaverde Castro, José},
}