Kiel Working Papers, Kiel Institute for World Economics
No 1697:
The Clustering of FDI in India: The Importance of Peer Effects
Peter Nunnenkamp and Megha Mukim
Abstract: We assess the location choices of 6,020 foreign and
non-resident Indian investors at the level of Indian districts. Employing
conditional logit models, we find that clustering of FDI is driven strongly
by herding among investors from both, the same and other countries of
origin. However, the behaviour of non-resident Indians and German investors
is strikingly different from the general pattern
Keywords: location choice; FDI; country of origin; Indian districts; conditional logit; (follow links to similar papers)
JEL-Codes: F23,; R12; (follow links to similar papers)
10 pages, May 2011
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