LEADER 03824nam 2200625Ia 450 001 9910811771303321 005 20200520144314.0 010 $a1-4623-0429-X 010 $a1-4527-7628-8 010 $a9786612845307 010 $a1-4519-6234-7 010 $a1-282-84530-6 035 $a(CKB)3170000000055403 035 $a(SSID)ssj0000941860 035 $a(PQKBManifestationID)11967094 035 $a(PQKBTitleCode)TC0000941860 035 $a(PQKBWorkID)10964395 035 $a(PQKB)10218141 035 $a(OCoLC)528915014 035 $a(IMF)WPIEE2010022 035 $a(MiAaPQ)EBC1606010 035 $a(EXLCZ)993170000000055403 100 $a20100902d2010 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aLocation of domestic and foreign production affiliates by French multinational firms /$fThierry Mayer, Isabelle Mejean and Benjamin Nefussi 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2010 215 $a31 p. $cill 225 1 $aIMF working paper ;$vWP/10/22 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1870-4 320 $aIncludes bibliographical references. 327 $aCover 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 Size -- IV 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. 330 3 $aEconomists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset shows an important home bias in productive investments. Part of this "excessive" domestic investment is explained by standard determinants of location choices. The interdependence between affiliates of the same industrial group however accounts for the lion's share of the home bias. Moreover, French firms' propensity to invest abroad is positively related to their productivity and the size of their intangible assets. 410 0$aIMF working paper ;$vWP/10/22. 606 $aInvestments, Foreign 606 $aInvestments 615 0$aInvestments, Foreign. 615 0$aInvestments. 676 $a338.102356 700 $aMayer$b Thierry$0300994 701 $aMejean$b Isabelle$01627338 701 $aNefussi$b Benjamin$01627339 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910811771303321 996 $aLocation of domestic and foreign production affiliates by French multinational firms$94198372 997 $aUNINA