caa a22 4500 445859318 CHVBK 20180317145438.0 cr unu---uuuuu 170323e20110601xx s 000 0 eng 10.1007/s10290-010-0086-2 doi (NATIONALLICENCE)springer-10.1007/s10290-010-0086-2 Does foreign direct investment promote regional development in developed countries? A Markov chain approach for US states [Elektronische Daten] [Eckhardt Bode, Peter Nunnenkamp] This paper investigates the effects of inward FDI on per capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per capita income and growth. The empirical findings suggest that employment-intensive FDI, concentrated in richer states, has been conducive to income growth, while capital-intensive FDI, concentrated in poorer states, has not. Consequently, FDI has tended to be associated with weaker rather than stronger income convergence among US states. It appears to be less important whether FDI has been undertaken in the manufacturing sector of US states or in other sectors. Kiel Institute, 2011 Markov transition probability nationallicence Likelihood ratio test nationallicence FDI nationallicence Per capita income nationallicence Regional development nationallicence United States of America nationallicence Bode Eckhardt Kiel Institute for the World Economy, Hindenburgufer 66, 24100, Kiel, Germany aut Nunnenkamp Peter Kiel Institute for the World Economy, Hindenburgufer 66, 24100, Kiel, Germany aut Review of World Economics Springer-Verlag 147/2(2011-06-01), 351-383 1610-2878 147:2<351 2011 147 10290 https://doi.org/10.1007/s10290-010-0086-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10290-010-0086-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Bode Eckhardt Kiel Institute for the World Economy, Hindenburgufer 66, 24100, Kiel, Germany aut NATIONALLICENCE 700 1- Nunnenkamp Peter Kiel Institute for the World Economy, Hindenburgufer 66, 24100, Kiel, Germany aut NATIONALLICENCE 773 0- Review of World Economics Springer-Verlag 147/2(2011-06-01), 351-383 1610-2878 147:2<351 2011 147 10290 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer