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Author Mayer, Thierry, author

Title The location of domestic and foreign production affiliates by French multinational firms / prepared by Thierry Mayer, Isabelle Méjean and Benjamin Nefussi
Published [Washington, D.C.] : International Monetary Fund, [2010]
Online access available from:
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Description 1 online resource (31 pages) : color illustrations
Series IMF working paper ; WP/10/22
IMF working paper ; WP/10/22
Contents Cover Page; Title Page; Copyright Page; Contents; I Introduction; II Theory and empirical implementation; A Assumptions; B Location decisions; C Empirical implementation; III Data; A The dependent variable: Investments abroad and at home; 1 Individual features of investing firms; B "Standard" covariates; C Supply Access; 1 Supply Access; D Sectoral and Firm-level Networks; 2 Summary statistics on the network variables; E Trends in the location of French-owned manufacturing establishments; 2 Distribution of French FDI by Geographical Zone; 3 Investments by French firms: Domestic/Foreign
4 French investments and Market SizeIV Results for foreign affiliates; 3 Conditional Logit for the Location of Foreign Investments; V Results on foreign and domestic investments; A Conditional logit; 4 Conditional Logit for the Location of Domestic and Foreign Investment; 5 Coefficient on Domestic Investment over Time; 6 Coefficient on Investment in Ex-colonies over Time; 5 Conditional Logit for the Location of Domestic and Foreign Investments by MNCs; B Nested logit; 6 Nested Logit France/RoW Choice; VI Conclusion; References; Footnotes
Summary Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset shows an important home bias in productive investments. Part of this "excessive" domestic investment is explained by standard determinants of location choices. The interdependence between affiliates of the same industrial group however accounts for the lion's share of the home bias. Moreover, French firms' propensity to invest abroad is positively related to their productivity and the size of their intangible assets
Notes "January 2010."
At head of title: Research Department
Title from PDF title page (IMF Web site, viewed Feb. 25, 2010)
Bibliography Includes bibliographical references (pages 29-31)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL
Subject Corporations, French -- Location -- Econometric models.
Foreign subsidiaries -- Location -- Econometric models.
International business enterprises -- Location -- Econometric models.
Investments -- France -- Econometric models.
Investments, Foreign -- France -- Econometric models.
Form Electronic book
Author Méjean, Isabelle, author
Nefussi, Benjamin, author
International Monetary Fund. Research Department, issuing body
ISBN 1452776288