Journal Article
How Global is FDI? Evidence from the Analysis of Theil Indices
Autoren
Erscheinungsdatum
DOI
10.1007/s00181-017-1346-y
JEL Classification
Schlagworte
Globalisierung
Direktinvestitionen
Europa
China
Asien
Amerika
Afrika
It is open to question whether the intensified worldwide competition for FDI has reduced its traditionally strong concentration in a few large and relatively advanced host countries. We calculate and decompose Theil indices to track changes in absolute and relative concentration of FDI during the period 1970-2013. We find that both absolute and relative concentration decreased when excluding offshore financial centers from the overall sample. In addition to the narrowing gap between OECD and non-OECD countries, the concentration across non-OECD countries declined – for major subgroups and for both the absolute and relative measures. Finally, recent developments indicate that low-income countries are no longer at the losing end of the competition for FDI.
