LEADER 07228oam 22016574 450 001 9910957530403321 005 20250426110506.0 010 $a9786612845307 010 $a9781462304295 010 $a146230429X 010 $a9781452776286 010 $a1452776288 010 $a9781451962345 010 $a1451962347 010 $a9781282845305 010 $a1282845306 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(IMF)WPIEA2010022 035 $aWPIEA2010022 035 $a(EXLCZ)993170000000055403 100 $a20020129d2010 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Location of Domestic and Foreign Production Affiliates by French Multinational Firms /$fIsabelle Mejean, Thierry Mayer, Benjamin Nefussi 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2010. 215 $a31 p. $cill 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781451918700 311 08$a1451918704 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 Papers; Working Paper ;$vNo. 2010/022 606 $aInvestments, Foreign 606 $aInvestments 606 $aAggregate Human Capital$2imf 606 $aAggregate Labor Productivity$2imf 606 $aBalance of payments$2imf 606 $aCorporate Finance$2imf 606 $aDiscrete Regression and Qualitative Choice Models$2imf 606 $aDiscrete Regressors$2imf 606 $aEconometric analysis$2imf 606 $aEconometric models$2imf 606 $aEconometrics & economic statistics$2imf 606 $aEconometrics$2imf 606 $aEconomic Integration$2imf 606 $aEconomic sectors$2imf 606 $aEconomic theory$2imf 606 $aEmployment$2imf 606 $aExports and Imports$2imf 606 $aFinance$2imf 606 $aForeign direct investment$2imf 606 $aIncome economics$2imf 606 $aIndustrial productivity$2imf 606 $aIntergenerational Income Distribution$2imf 606 $aInternational business enterprises$2imf 606 $aInternational Business$2imf 606 $aInternational Investment$2imf 606 $aInvestments, Foreign$2imf 606 $aLabor$2imf 606 $aLabour$2imf 606 $aLogit models$2imf 606 $aLong-term Capital Movements$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Production$2imf 606 $aModels of Trade with Imperfect Competition and Scale Economies$2imf 606 $aMultinational Firms$2imf 606 $aMultinationals$2imf 606 $aProduction and Operations Management$2imf 606 $aProduction$2imf 606 $aProductivity$2imf 606 $aProportions$2imf 606 $aTransnational corporations$2imf 606 $aUnemployment$2imf 606 $aWages$2imf 607 $aFrance$2imf 615 0$aInvestments, Foreign. 615 0$aInvestments. 615 7$aAggregate Human Capital 615 7$aAggregate Labor Productivity 615 7$aBalance of payments 615 7$aCorporate Finance 615 7$aDiscrete Regression and Qualitative Choice Models 615 7$aDiscrete Regressors 615 7$aEconometric analysis 615 7$aEconometric models 615 7$aEconometrics & economic statistics 615 7$aEconometrics 615 7$aEconomic Integration 615 7$aEconomic sectors 615 7$aEconomic theory 615 7$aEmployment 615 7$aExports and Imports 615 7$aFinance 615 7$aForeign direct investment 615 7$aIncome economics 615 7$aIndustrial productivity 615 7$aIntergenerational Income Distribution 615 7$aInternational business enterprises 615 7$aInternational Business 615 7$aInternational Investment 615 7$aInvestments, Foreign 615 7$aLabor 615 7$aLabour 615 7$aLogit models 615 7$aLong-term Capital Movements 615 7$aMacroeconomics 615 7$aMacroeconomics: Production 615 7$aModels of Trade with Imperfect Competition and Scale Economies 615 7$aMultinational Firms 615 7$aMultinationals 615 7$aProduction and Operations Management 615 7$aProduction 615 7$aProductivity 615 7$aProportions 615 7$aTransnational corporations 615 7$aUnemployment 615 7$aWages 676 $a338.102356 700 $aMejean$b Isabelle$01816518 701 $aMayer$b Thierry$0300994 701 $aNefussi$b Benjamin$01816519 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910957530403321 996 $aThe Location of Domestic and Foreign Production Affiliates by French Multinational Firms$94372655 997 $aUNINA