Skip to main content

The growth and impact of inward investment in the UK: introduction and overview

  • Chapter
Inward Investment Technological Change and Growth

Abstract

This volume contains a collection of papers from a conference held at the British Academy in September 1999. The objective of the conference was to help identify the channels through which inward investment can affect host economies and provide some quantitative evidence on the impact of foreign-owned firms on the size and industrial structure of the UK and other developed economies over the last decade.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Arrowsmith, J., Barrell, R., Pain, N., Young, G. and Wlodek, K. (1997), Capital Market Liberalization In Europe, London, Kogan Page.

    Google Scholar 

  • Barrell, R. and Pain, N. (1997), ‘Foreign direct investment, technological change and economic growth within Europe’, Economic Journal, 107, pp. 1770–86.

    Article  Google Scholar 

  • (1999a), ‘Trade restraints and Japanese direct investment flows’, European Economic Review, 43, pp. 29–45.

    Google Scholar 

  • (1999b), ‘Domestic institutions, agglomerations and foreign direct investment in Europe’, European Economic Review, 43, pp. 925–34.

    Google Scholar 

  • (1999c), ‘The growth of foreign direct investment in Europe’, in Barrell, R. and Pain, N. (eds), Investment, Innovation and the Diffusion of Technology in Europe, Cambridge, Cambridge University Press.

    Google Scholar 

  • Belderbos, R. and Sleuwaegen, L. (1998), ‘Tariff jumping DFI and export substitution: Japanese electronics firms in Europe’, International Journal of Industrial Organisation, 16, pp. 601–38.

    Article  Google Scholar 

  • Bernard, A.B. and Jensen, J.B. (1999), ‘Exceptional exporter performance:cause, effect or both?’, Journal of International Economics, 47, pp. 1–25.

    Article  Google Scholar 

  • Borensztein, E., De Gregorio, J. and Lee, J.-W. (1998), ‘How does foreign direct investment affect economic growth?’, Journal of International Economics, 45, pp. 115–35.

    Article  Google Scholar 

  • Cantwell, J. and Bellak, C. (1998), ‘How important is foreign direct investment?’, Oxford Bulletin of Economics and Statistics, 60, pp. 99–106.

    Article  Google Scholar 

  • Coe, D.T., Helpman, E. and Hoffmaister, A.W. (1997), ‘North-South R&D spillovers’, The Economic Journal, 107, pp. 134–49.

    Article  Google Scholar 

  • Devereux, M.P. and Griffith, R. (1998), ‘Taxes and the location of production: evidence from a panel of US multinationals’, Journal of Public Economics, 68, pp. 335–68.

    Article  Google Scholar 

  • DTI (1998), Our Competitive Future: Building The Knowledge Driven Economy, The Competitiveness White Paper: Analysis and Background, London, Department of Trade and Industry.

    Google Scholar 

  • Dunning, J.H. (1988), Explaining Inter national Production, London, Harper Collins.

    Google Scholar 

  • EAG (1998), Foreign Direct Investment, London, Kogan Page.

    Google Scholar 

  • Eltis, W. (1996), ‘How low profitability and weak innovativeness undermines UK industrial growth.’ Economic Journal, 106, pp. 184–95.

    Article  Google Scholar 

  • Eltis, W. and Higham, D. (1995), ‘Closing the UK competitiveness gap’, National Institute Economic Review, 154, November, pp. 71–84.

    Article  Google Scholar 

  • Fujita, M., Krugman, P. and Venables, A.J. (1999), The Spatial Economy: Cities, Regions and International Trade, Cambridge MA., The MIT Press.

    Google Scholar 

  • Griliches, Z. (1998), R&D and Productivity: The Econometric Evidence, Chicago, University of Chicago Press.

    Book  Google Scholar 

  • Hay, D.A. and Liu, G.S. (1997), ‘The efficiency of firms: what difference does competition make?’, Economic Journal, 107, pp. 597–617.

    Article  Google Scholar 

  • Head, C.K., Ries, J.C. and Swenson, D.L. (1995), ‘Agglomeration benefits and locational choice: evidence from Japanese manufacturing investments in the United States’, Journal of International Economics, 10, pp. 92–116.

    Google Scholar 

  • (1999), ‘Attracting foreign manufacturing: investment promotion and agglomeration’, Regional Science and Urban Economics, 29, pp. 197–218.

    Google Scholar 

  • Hoeller, P., Girouard, N. and Colecchia, A. (1998), ‘The European Union’s trade policies and their economic effects’, OECD Economics Department Working Paper No. 194.

    Google Scholar 

  • House of Commons (1998), Investment in Industry in Wales, Welsh Affairs Committee Fourth Report, House of Commons Session 1997–98, HC 821.

    Google Scholar 

  • (1999), Inward/Outward Investment in Scotland, Scottish Affairs Committee First Report, House of Commons Session 1998–99, HC 84–1.

    Google Scholar 

  • Hubert, F. and Pain, N. (1999), ‘Innovation and the regional and industrial pattern of German foreign direct investment’, in Barrell, R. and Pain, N. (eds), Investment, Innovation and the Diffusion of Technology in Europe, Cambridge, Cambridge University Press.

    Google Scholar 

  • Layard, R., Nickell, S. and Jackman, R. (1991), Unemployment: Macroeconomic Performance and the Labour Market, Oxford, Oxford University Press.

    Google Scholar 

  • Mansfield, E. and Romeo, A. (1980), ‘Technology transfer to overseas subsidiaries by US based firms’, Quarterly Journal of Economics, 95, pp. 737–50.

    Article  Google Scholar 

  • Mody, A. and Srinivasan, K. (1998), ‘Japanese and US firms as foreign investors: do they march to the same tune?’, Canadian Journal of Economics, 31, pp. 778–99.

    Article  Google Scholar 

  • Mudambi, R. (1998), ‘The role of duration in multinational investment strategies’, Journal of International Business Studies, 29, pp. 239–62.

    Article  Google Scholar 

  • Nickell, S.J. (1996), ‘Competition and corporate performance’, Journal of Political Economy, 104, pp. 724–46.

    Article  Google Scholar 

  • OECD (1998), Internationalisation of Industrial R&D: Patterns and Trends, Paris, OECD.

    Google Scholar 

  • PACEC (1995), Assessment of the wider effects of foreign direct investment in manufacturing in the UK, Report by PA Cambridge Economic Consultants for Department of Trade and Industry.

    Google Scholar 

  • Pain, N. and te Velde, D.W. (2000), Exposure to International Markets and Corporate Performance, report prepared for UK Department of Trade and Industry.

    Google Scholar 

  • Pain, N. and Young, G. (2000), Continent Cut Off? The Macroeconomic Impact of British Withdrawal from the EU, report prepared for Britain in Europe.

    Google Scholar 

  • Proudman. J. and Redding, S. (eds) (1998), Openness and Growth, London, Bank of England.

    Google Scholar 

  • Romer, P. (1993), ‘Idea gaps and object gaps in economic development’, Journal of Monetary Economics, 32, pp. 543–73.

    Article  Google Scholar 

  • Ruane, F. and Gorg, H, (1999), ‘Irish FDI policy and investment from the EU’, in Barrell, R. and Pain, N. (eds), Investment, Innovation and the Diffusion of Technology in Europe, Cambridge, Cambridge University Press.

    Google Scholar 

  • UNCTAD (1998), ‘Investment policy issues’, World Investment Report 1998, Chapter 3, Geneva, United Nations.

    Google Scholar 

  • (1999), World Investment Report 1999, Geneva, United Nations.

    Google Scholar 

  • Wheeler, D. and Mody, A. (1992), ‘International investment location decisions: the case of U.S. firms’, Journal of International Economics, 33, pp. 57–76.

    Article  Google Scholar 

  • Young, S. and Hood, N. (1994), ‘Designing developmental after-care programmes for foreign direct investors in the European Union’, Transnational Corporations, 3, pp. 45–72.

    Google Scholar 

  • Young, S., Hood, N. and Hamill, J. (1988), Foreign Multinationals and The British Economy, London, Croon Helm.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 2001 National Institute of Economic and Social Research

About this chapter

Cite this chapter

Pain, N. (2001). The growth and impact of inward investment in the UK: introduction and overview. In: Pain, N. (eds) Inward Investment Technological Change and Growth. Palgrave Macmillan, London. https://doi.org/10.1057/9780230598447_1

Download citation

Publish with us

Policies and ethics