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

作　　者：Lucyna Kornecki E. M. Ekanayake 

机构地区：[1]Embry-Riddle Aeronautical University, USA [2]Bethune-Cookman University, USA

出　　处：《Journal of Modern Accounting and Auditing》2012年第6期856-861,共6页现代会计与审计（英文版）

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.

关 键 词：U.S. economy inward foreign direct investment （FDI） determinants of FDl stock 

分 类 号：F832.6[经济管理—金融学] D412.6[政治法律—政治学]