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      • Theses - Department of Economics
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      Sectoral determinants of the location choice of MNCs

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      Author(s)
      Demir, Fitnat Banu
      Advisor
      Böke, Selin Sayek
      Date
      2007
      Publisher
      Bilkent University
      Language
      English
      Type
      Thesis
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      Abstract
      This thesis examines the determinants of multinational companies (MNCs)’ location choices estimating conditional or nested logit model using a dataset of more than 17,000 firms invested in 38 developing countries over the period 1980-2004. In addition, this dataset has an exceptional feature – it allows identifying the sectors that these firms invest in. The sectoral analysis is undertaken both at 2-digit ISIclassification and aggregate level where sectors are lumped according to their tradability or technology intensity. The empirical results suggest that the determinants of the probability that a MNC invests in a particular country vary across sectors. Thus, the sectoral composition of FDI is essential for understanding its economic geography.
      Keywords
      Foreign direct investment
      Location choice
      Multinational enterprises
      Sectors
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      http://hdl.handle.net/11693/29967
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      • Dept. of Economics - Master's degree 325
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