We study the regional location of multinationals in Ireland since the 1970s by focusing on the role played by agglomeration economies and public incentives intent on dispersing industrial activity to the more disadvantaged areas of Ireland. We find that regional policy has only been effective in...

This paper addresses the role that foreign vs. domestic ownership of companies plays for governments in asymmetric countries' competition for a multinational's subsidiary. I argue that equilibrium subsidies as well as a foreign investor's location decision in policy competition between these...

We examine whether discretionary government grants influence the location of new plants, and how effective these incentives are in the presence of agglomeration and urbanisation externalities. We find evidence that regional industrial structure affects the location of new entrants. Firms in more...

This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...

Locational competition is geographic competition, competition between places, between cities, between regions, and between countries. These spatial units compete with each other for the mobile production factors in factor markets, i.e., for mobile capital, for mobile technical know-how, and for...

Der vorliegende Beitrag erörtert, inwiefern staatliche Subventionen ein Instrument zur Internalisierung ökonomischer Außenwirkungen (externer Effekte) sind, dass den Ergebnissen des Standortwettbewerbs zu mehr Effizienz verhilft. Der Wettbewerb um Direktinvestitionen wird durch ein einfaches...

Angesichts steigender Energiepreise wird die Wettbewerbsfähigkeit des Standortes Deutschland in Frage gestellt. Ist der erneute Anstieg der Strompreise nach der Energiemarktliberalisierung eine Folge von Regulierungsdefiziten? Welche Einwirkungsmöglichkeiten wird die Regulierungsbehörde auf...

Im Zuge fortschreitender weltweiter Integrationsprozesse und der Globalisierung wirtschaftlicher Aktivitäten müssen sich nicht nur Länder, sondern zunehmend auch Städte globaler Konkurrenz stellen. Neue Arbeitsplätze entstehen in den Städten, die im Standortwettbewerb erfolgreich sind....

Regional economic policy disposes of two principal options to attract private capital, which in turn helps to safeguard employment and to foster regional growth. On the one hand, regional policy could seek to enhance a region's level of public capital (e.g. transport infrastructure), which as a...