caa a22 4500 606165908 CHVBK 20210128100655.0 cr unu---uuuuu 210128e20150301xx s 000 0 eng 10.1007/s00168-015-0664-2 doi (NATIONALLICENCE)springer-10.1007/s00168-015-0664-2 The pattern of EU FDI in the manufacturing industry: What role do third country effects and trade policies play? [Elektronische Daten] [Paola Cardamone, Margherita Scoppola] The aim of this paper is to assess the impact of "third country effects” and trade policies on the outward stocks of FDI of the EU. We estimate a model based on the knowledge-capital theory of the multinational enterprise over the period 1995-2008 by using a sample of five EU countries and 24 partner countries. Explanatory variables include an index of applied bilateral tariffs, a dummy to capture the presence of bilateral investment treaties (BITs) and a variable to take into account the impact of the participation of host countries to free trade agreements (FTA) with other than EU countries. The paper checks the third country effects by testing whether there is spatial lag dependence in bilateral FDI. The results show that trade costs play a key role in explaining the pattern of FDI in the manufacturing sector as a whole and in four out of six disaggregated industries. The impact of tariffs varies across industries, suggesting the predominance of horizontal FDI in some industries, and the existence of export-platform FDI in others. BITs and the participation of the host country in other FTAs positively affect the outward stock of EU FDI, while we find no empirical evidence to support the hypothesis of spatial lag dependence in bilateral FDI. Springer-Verlag Berlin Heidelberg, 2015 Cardamone Paola Department of Economics, Statistics and Finance, University of Calabria, 87036, Arcavacata di Rende (CS), Italy aut Scoppola Margherita Department of Studies on Economic Development, University of Macerata, 62100, Macerata, Italy aut The Annals of Regional Science Springer Berlin Heidelberg 54/2(2015-03-01), 511-532 0570-1864 54:2<511 2015 54 168 https://doi.org/10.1007/s00168-015-0664-2 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s00168-015-0664-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Cardamone Paola Department of Economics, Statistics and Finance, University of Calabria, 87036, Arcavacata di Rende (CS), Italy aut NATIONALLICENCE 700 1- Scoppola Margherita Department of Studies on Economic Development, University of Macerata, 62100, Macerata, Italy aut NATIONALLICENCE 773 0- The Annals of Regional Science Springer Berlin Heidelberg 54/2(2015-03-01), 511-532 0570-1864 54:2<511 2015 54 168