Çok uluslu şirketlerin yer seçiminin sektörel belirleyicileri

ABSTRACTSECTORAL DETERMINANTS OF THE LOCATION CHOICE OF MNCsDemir, Fitnat BanuM.A., Department of EconomicsSupervisor: Asst. Prof. Selin SayekMay 2007This thesis examines the determinants of multinational companies (MNCs)?location choices estimating conditional or nested logit model using a dataset of morethan 17,000 firms invested in 38 developing countries over the period 1980-2004. Inaddition, this dataset has an exceptional feature-it allows identifying the sectors thatthese firms invest in. The sectoral analysis is undertaken both at 2-digit ISI-classification and aggregate level where sectors are lumped according to theirtradability or technology intensity. The empirical results suggest that the determinantsof the probability that a MNC invests in a particular country vary across sectors. Thus,the sectoral composition of FDI is essential for understanding its economicgeography.Keywords: Foreign direct investment, location choice, multinational enterprises,sectors.