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Title:The clustering of FDI in India: The importance of peer effects PDF Logo
Authors:Nunnenkamp, Peter
Mukim, Megha
Issue Date:2011
Series/Report no.:Kiel Working Papers 1697
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.
Subjects:Location choice
FDI
country of origin
Indian districts
conditional logit
JEL:F23
R12
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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