Abstract
The purpose of this study is to discuss the various issues regarding de-industrialisation and to systematically analyse the causes of this phenomenon. In addition, the effect of the recent increase in foreign direct investment on de-industrialisation will be analysed. Unlike extant studies, this study employs a more reliable method of estimation, known as the generalised method of moments system, for establishing the importance of foreign direct investment (FDI) with regard to de-industrialisation. For a general assessment of the different factors of de-industrialisation, including FDI, this study classifies the causes of de-industrialisation in OECD countries into external and internal factors. As a result, the analysis has proved that not only internal and external factors are major factors of de-industrialisation, FDI inflow and outflow are also major factors.
Original language | English |
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Pages (from-to) | 313-329 |
Number of pages | 17 |
Journal | World Economy |
Volume | 34 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2011 Feb |
ASJC Scopus subject areas
- Accounting
- Finance
- Economics and Econometrics
- Political Science and International Relations