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The stability of the foreign manufacturing sector: evidence and analysis for Wales 1966-2003

McNabb, Robert and Munday, Maxim C. R. 2017. The stability of the foreign manufacturing sector: evidence and analysis for Wales 1966-2003. European Urban and Regional Studies 24 (1) , pp. 50-68. 10.1177/0969776415593615

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Abstract

The paper reports on a study of the comparative stability of foreign owned manufacturing firms in Wales, using as a framework the Welsh Register of Manufacturing Employment which records details of regional manufacturing entry and exits since 1966. The paper is set in the context of competing claims on the more transformative effects of inward investment with some stressing that notions of a ‘new regionalism’ in Wales have been unjustly founded on assumptions about the transforming effects of foreign investment. There is also a problem of a paucity of research showing how foreign investment had been involved in evolutionary processes of regional economic change. The paper shows that a more complete appreciation of the role of inward investment needs to consider not only its role in job creation but also the relative stability of the investment and jobs attracted. The paper reveals how analysis of plant birth and deaths also links through to perspectives offered by evolutionary economic geography, and how patterns of entry and exit might work to influence the economic trajectories of a disadvantaged region such as Wales.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: D History General and Old World > DA Great Britain
H Social Sciences > HD Industries. Land use. Labor
Uncontrolled Keywords: Foreign manufacturing, hazard functions, regional policy, survival rates, Wales
Publisher: SAGE Publications
ISSN: 0969-7764
Date of First Compliant Deposit: 30 March 2016
Date of Acceptance: 2 June 2015
Last Modified: 05 Jun 2017 14:46
URI: http://orca.cf.ac.uk/id/eprint/77014

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