The clustering of FDI in India: The importance of peer effects

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.

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Year of publication:	2011
Authors:	Nunnenkamp, Peter ; Mukim, Megha
Publisher:	Kiel : Kiel Institute for the World Economy (IfW)
Subject:	Direktinvestition \| Standortwahl \| Regionale Konzentration \| Herdenverhalten \| Ausländisch \| Provinz \| Indien \| Location choice \| FDI \| country of origin \| Indian districts \| conditional logit

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Series:	Kiel Working Paper ; 1697
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	657435198 [GVK] hdl:10419/45903 [Handle] RePEc:zbw:ifwkwp:1697 [RePEc]
Classification:	F23 - Multinational Firms; International Business ; R12 - Size and Spatial Distributions of Regional Economic Activity
Source:	EconStor

Persistent link: https://www.econbiz.de/10010277994