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Outward FDI and the investment development path of a late-industrialising economy : evidence from Ireland
Author(s)
Date Issued
2001-04
Date Available
2009-07-20T16:00:59Z
Abstract
The Investment Development Path (IDP) hypothesis holds that a country’s net outward
direct investment position is systematically related to its level of economic development.
Ireland is an interesting test case because of the importance of inward FDI over the last
three decades, the country's rapid recent FDI-fuelled growth, and the recent increase in outward FDI by Irish-owned multinationals. We find empirical support for the IDP concept for the Irish case. Our sectoral analysis shows up important differences between Ireland's outward FDI and the bulk of FDI occurring in the world economy however. Ireland's outward FDI flows are as yet almost exclusively horizontal and they go largely into non-internationally-tradable manufacturing and services sectors. Also, the firm specific assets of Irish multinationals lie neither in R&D nor in the type of product differentiation associated with high advertising expenditures.
Sponsorship
European Commission Training and Mobility of Researchers programme; European Commission Research, Technological Development programme
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP01/08
Subject – LCSH
Investments, Foreign--Ireland
Capital movements--Ireland
Ireland--Economic conditions--21st century
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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