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We analyse 446 location decisions of foreign affiliates in the R&D sector incorporated in the European Union over 1999-2006. Our results suggest that on average, the location probability increases with market potential, agglomeration economies, R&D intensity and proximity to centres of research excellence. It appears that the European Union's regional(More)
This paper avails of the multinational-level Amadeus dataset to study the dynamics of the European pharmaceutical industry in the Single Market Programme era: 1990-2004. Our unit of investigations are multina-tionals that every period decide whether to expand or not, by capturing at least one of the arisen opportunities. By using a dynamic panel probit(More)
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