Evidence on the Determinants of Foreign Direct Investment: The Case of Three European Regions

Table 1: Cumulative FDI inflows by sector (1995-2003) (%)
(Sources: Regional Statistical Offices - Calculus: Authors)

	Baden Württemberg	Catalunya	Lombardia²

Traditional Manufacturing	9	9	31
Machinery and Automotive	_________5_________	_____________1_____________	_________16_________
Finance and credit__________	_______70_______	________41________	_________17_________
Electrical and high-tech______	_________2_________	________10________	_________10_________
Chemical_________________	___________3___________	_________4_________	__________9__________
Other services³______________	_________11_________	________35________	_________17_________

TOTAL (millions €)	296,232	26,583	83,455

Table 2: Cumulative FDI outflows by sector (1995-2003) (%)
(Sources: Regional Statistical Offices - Calculus: Authors)

	Baden Württemberg	Catalunya	Lombardia⁴

Traditional Manufacturing	12	35	35
Machinery and Automotive	________18________	_________2_________	___________3____________
Finance and credit__________	_______40_______	________31________	_________34__________
Electrical and high-tech______	_________2_________	__________3___________	_________7__________
Chemical_________________		_________2_________	___________5___________
Other services⁵______________	28	_______27_______	_________16_________

TOTAL (millions €)	458,264	27,725	122,379

Table 3: Cumulative FDI flows by country of destination or origin (1995-2003) (%)
(Sources: Regional Statistical Offices - Calculus: Authors)

	INFLOWS				OUTFLOWS
	Baden Württemberg	Catalunya	Lombardia⁴		Baden Württemberg	Catalunya	Lombardia⁴
European Union + Switzerland________	76.4	67.0	87.3		33.3	72	51.2
US_____________	13.3	14.6	9.6		37.7	6.8	8.4
Japan____________	0.7	0.4	0.9			1.4	0.6
Others____________	9.6	18	2.2		29	19.8	39.8

TOTAL (millions €)	296,232	26,583 ~	83,455 ~		458,264	27,725 ~	122,379 ~

² For the period 1997-2003.

³ Including Real Estates, Transport, Trade and Hotels.

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