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dc.contributor.authorMartínez San Román, Valeriano 
dc.contributor.authorBengoa Calvo, Marta 
dc.contributor.authorSánchez-Robles Rute, Blanca 
dc.contributor.otherUniversidad de Cantabriaes_ES
dc.date.accessioned2015-02-09T13:05:56Z
dc.date.available2015-02-09T13:05:56Z
dc.date.issued2014-06
dc.identifier.issn1617-9595
dc.identifier.urihttp://hdl.handle.net/10902/6019
dc.description.abstractThis paper intends to combine two fields in the economic literature by examining empirically the FDI pattern –horizontal versus vertical– within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade integration by estimating the magnitude and evolution of the home bias or border effect rather than by using other indicators such as the openness rate or the existence of tariffs and non-tariff barriers. We find that, for the particular case of the EU, it is not possible to strictly discriminate between horizontal or vertical FDI. The market-seeking strategy appears to be more important than factor-proportion related motivations; however, the robust relationship of complementarity between trade integration and FDI provides at least one argument in support of vertical FDI and suggests that the vertical model cannot be dismissed entirely.es_ES
dc.format.extent28 p.es_ES
dc.language.isoenges_ES
dc.publisherIfo Institute for Economic Research Center for Economic Studieses_ES
dc.rights© The authorses_ES
dc.sourceCESifo Working Papers. Paper nº 4867. Category 8: Trade policy. June 2014es_ES
dc.subject.otherInternational tradees_ES
dc.subject.otherFDIes_ES
dc.subject.otherGravity modeles_ES
dc.subject.otherHome biases_ES
dc.subject.otherBorder effectes_ES
dc.subject.otherEuropean Uniones_ES
dc.titleFDI, trade integration and the border effect: evidence from the European Uniones_ES
dc.typeinfo:eu-repo/semantics/workingPaperes_ES
dc.rights.accessRightsopenAccesses_ES
dc.type.versionpublishedVersiones_ES


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