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dc.contributor.authorGutiérrez Portilla, Paula 
dc.contributor.authorMaza Fernández, Adolfo Jesús 
dc.contributor.authorVillaverde Castro, José 
dc.contributor.otherUniversidad de Cantabriaes_ES
dc.identifier.otherSpanish Ministry of Education, Culture and Sports [gran tnumber FPU13/00791]
dc.description.abstractThis paper examines the effects of inward FDI on economic growth across the Spanish regions over the period 1996-2013, paying particular attention to the "headquarters effect", namely that FDI is not always registered where it is effectively made but in the region in which the firm's headquarters is located. By estimating a panel Spatial Durbin Model to allow for the detection of spatial spillovers, two main findings are reported. First, FDI does foster economic growth. Second, only when the headquarters effect is properly addressed do spatial spillovers arise. Hence, this effect is masking the impact of regional FDI spillovers on growth, which affects the reliability of the results and, consequently, FDI policies choice. Importantly, the results are: a) robust to the way of computing the headquarters effect; b) independent of the spatial weight matrix specification; and c) confirmed when splitting FDI into different industrial and service branches.es_ES
dc.format.extent35 p.es_ES
dc.publisherElsevier Limitedes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationales_ES
dc.sourceInternational Business Review 28, nº 6 (2019),101597es_ES
dc.subject.otherForeign direct investmentes_ES
dc.subject.otherHeadquarters effectes_ES
dc.subject.otherSpatial dependencees_ES
dc.subject.otherSpanish regionses_ES
dc.titleA spatial approach to the FDI-growth nexus in Spain: Dealing with the headquarters effectes_ES

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Attribution-NonCommercial-NoDerivatives 4.0 InternationalExcept where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 International