CORDIS
EU research results

CORDIS

English EN
Multinationals, Institutions and Innovation in Europe

Multinationals, Institutions and Innovation in Europe

Objective

Multinational Enterprises (MNEs) are key ‘tectonic forces’, shaping the ‘mountains’ in a far-from-flat world economic geography. In 2010, MNEs generated value added for approximately US$16 trillion accounting for more than a quarter of world GDP (UNCTAD, 2012). The progessive expansion of firms from emerging economies into multinational enterprises is unprecedented. Outflows of FDIs from developing economies reached the record level of $426 billion in 2012, corresponding to 31% of global outflows, up from 16% in 2007 (UNCTAD, 2013).
However, there is no consensus in the academic literature on both the factors able to shape the long-term location decisions of MNEs and, more generally, on the ultimate impact of MNEs on their host economies. This lack of consensus reflects three fundamental gaps in the existing literature. First the omission of some fundamental determinants of MNEs investment decisions in ‘traditional’ national-level analyses. Territorial/spatial factors, MNEs heterogeneity and local institutional conditions have been often overlooked in MNEs location analyses. Second the limited attention to the broader set of impacts of MNEs in their host economies and the role of institutional factors as selective ‘filters’ for these impacts. Third the intimate inter-connection between location motives and impacts has remained unexplored in the grey areas between separate streams of literature.
This research project will investigate the location strategies of MNEs and their territorial impacts addressing these three fundamental gaps in the existing literature, shedding new light on the factors shaping the economic geography of MNEs and their impacts and providing policy-makers at all levels with new tools to promote innovation, employment and economic recovery after the current economic crisis.

Host institution

LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

Address

Houghton Street 1
Wc2a 2ae London

United Kingdom

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 1 276 880

Beneficiaries (1)

Sort alphabetically

Sort by EU Contribution

Expand all

LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

United Kingdom

EU Contribution

€ 1 276 880

Project information

Grant agreement ID: 639633

Status

Ongoing project

  • Start date

    1 June 2015

  • End date

    31 December 2020

Funded under:

H2020-EU.1.1.

  • Overall budget:

    € 1 276 880

  • EU contribution

    € 1 276 880

Hosted by:

LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

United Kingdom