Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232554 
Year of Publication: 
2018
Citation: 
[Journal:] Empirical Economics [ISSN:] 1435-8921 [Volume:] 55 [Issue:] 4 [Publisher:] Springer [Place:] Heidelberg/Berlin [Year:] 2018 [Pages:] 1603-1635
Publisher: 
Springer, Heidelberg/Berlin
Abstract: 
It is open to question whether the intensified worldwide competition for FDI has reduced its traditionally strong concentration in a few large and relatively advanced host countries. We calculate and decompose Theil indices to track changes in absolute and relative concentration of FDI during the period 1970-2013. We find that both absolute and relative concentration decreased when excluding offshore financial centers from the overall sample. In addition to the narrowing gap between OECD and non-OECD countries, the concentration across non-OECD countries declined for both the absolute and relative measures. This is also true for major subgroups of non-OECD countries. Finally, recent developments indicate that low-income countries are no longer at the losing end of the competition for FDI.
Subjects: 
foreign direct investment
concentration
Theil decomposition
JEL: 
F21
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
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