State-Based Determinants of Inward FDI Stock in the U.S. Economy

作     者：Lucyna Kornecki E. M. Ekanayake 

作者机构：Embry-Riddle Aeronautical University USA Bethune-Cookman University USA 

出 版 物：《Journal of Modern Accounting and Auditing》 (现代会计与审计（英文版）)

年 卷 期：2012年第8卷第6期

页      面：856-861页

学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 0302[法学-政治学] 03[法学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 

主　　题：U.S. economy inward foreign direct investment (FDI) determinants of FDl stock 

摘      要：This paper has empirical character and investigates locational determinants of the inward foreign direct investment （FDI） stock among 50 states of the United States. The analysis uses annual data for the period from 1997 to 2007. The study identifies several state-specific determinants of FDI and investigates the changes in their importance during the study period. Our results show that among the major determinants, the real per capita income, real per capita expenditure on education, FDI related employment, plus real research and development expenditure are found to have a significant positive impact on inward FDI. There is also evidence that manufacturing density and unionization exert a small positive impact on inward FDI. In addition, per capita state taxes, the share of scientists and engineers in the workforce, real capital expenditure, and unemployment rate exert a negative impact on FDI.