U.S. FDI in the European Union: The Experience of the United Kingdom

stepwise and OLS multiple regression techniques. The paper confirms that Eurozone membership may have significantly influenced U.S. investment decisions on where to enter or expand within the European Union, by testing empirically our model for Belgium and comparing the regression outcomes. The results confirm that U.S. FDI in the United Kingdom has been influenced by market growth, and statutory corporate tax rates, but also that the country’s attractiveness to U.S. investors may have been negatively impacted by the creation of the Eurozone. For Belgium, the results suggest that membership in the Eurozone and E U enlargement had a positive impact on U S FDI