We assess the location choices of 6,020 foreign and non-resident Indian investors at the level of Indian districts. Employing conditional logit models, we find that clustering of FDI is driven strongly by herding among investors from both, the same and other countries of origin. However, the...

Innovation is crucial to regional economic competitiveness and to productivity growth. A salient feature of the Indian economy is the geographic concentration of both, economic activity and innovation, as measured by patent activity. Theoretical models argue that the clustering of economic...

The distribution of economic activity over physical space - economic geography - is central to economic development. Geographical variations in industrialisation are the primary factor affecting geographical variations in incomes. And so, the question of what drives industry to locate in one...