000			01774nam a22003017u 4500
001			pwiiw7399
003			OSt
005			20260406120008.0
008			250923t2025 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aF21 _aF23 _2jelc
100	1		_aWacker, Konstantin M.
245	1	0	_aRevisiting the distance elasticity and investment motives in the FDI gravity model: Aggregate vs. sector-level evidence
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2025.
300			_a71 S., _b26 Tables and 8 Figures, _c30cm.
490	1		_awiiw Working Papers _v268
520			_aThis paper re-examines foreign direct investment motives in the ‘FDI gravity’ model (Kleinert and Toubal, 2010), focusing on the role of distance. More precisely, we investigate whether aggregate and pooled gravity models for FDI obscure relevant heterogeneities across sectors. This is possible through the novel MREID dataset, which provides us with FDI data at the 2-digit NAICS level for 184 countries over the period 2010 to 2020. Our results reveal that aggregate and pooled models mask significant sector heterogeneities in two aspects: (i) in the importance of horizontal versus vertical FDI motives, and (ii) in the distance elasticity. The latter reflects that distance potentially captures more complex sector-specific components than are captured in the current gravity model for FDI.
650			_aGravity model
650			_aforeign direct investment
650			_asector heterogeneity
651			_anon specific
690			_aInternational Trade, Competitiveness and FDI
700	1		_aRebmann, Nicola
830		0	_v268 _w7703 _twiiw Working Papers
856	4	0	_uhttps://wiiw.ac.at/p-7399.html
942			_cP
999			_c9145 _d9145