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The Impact Of Fdi And Financial Depth On Eu Regional Growth: Income And Spatial Heterogeneity, Marialena Petrakou, Randolph Luca Bruno, Nick Phelps
The Impact Of Fdi And Financial Depth On Eu Regional Growth: Income And Spatial Heterogeneity, Marialena Petrakou, Randolph Luca Bruno, Nick Phelps
Economic and Business Review
Background and objective: The paper explores the impact of foreign direct investment and financial development on regional growth at the EU regional level for 2005–2017. Both FDI and financial development are important determinants of the regions’ growth, but not for all EU regions homogeneously. Some EU regions seem to benefit more than others, depending on certain characteristics, which implies that FDI attraction policies need to bear in mind not only country specificities, but also regional specificities, hence confirming the need for developing FDI attraction policies at the subnational level: financial development, capacity building, and Investment Promotion Agencies are key, …