Patterns of International Investment in Spain, 1850-2009

Posted: 4 Dec 2009

See all articles by Nuria Puig

Nuria Puig

Universidad Complutense de Madrid (UCM)

Rafael Castro

Universidad Complutense de Madrid (UCM)

Date Written: December 3, 2009

Abstract

International capital flows are strongly influenced by country-specific patterns that can be best understood in historical and comparative perspective. A long-term empirical analysis of French and German investment in Spain reveals that the core capabilities of foreign firms and their relations with local partners have spurred the rise and development of two national models of international investment, characterized here as “political” and “technical.” The research identifies the main actors and ownership advantages of the two models, which have proved resilient over time.

Keywords: international investment, captial flows

JEL Classification: N84, F21, O16

Suggested Citation

Puig, Nuria and Castro, Rafael, Patterns of International Investment in Spain, 1850-2009 (December 3, 2009). Business History Review, Vol. 83, No. 3, 2009, Available at SSRN: https://ssrn.com/abstract=1517797

Nuria Puig (Contact Author)

Universidad Complutense de Madrid (UCM) ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain

Rafael Castro

Universidad Complutense de Madrid (UCM) ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain

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