An Industry Analysis of Foreign Direct Investment in Spanish Manufacturing, 1986-1992.

This paper tries to analyse the main features associated with foreign direct investment (FDI) directed to Spanish manufacturing, both across industries and through time. To this end, we will make use of a data set on 20 manufacturing industries for the years 1986-1992, in which Spanish manufacturing industry experienced a sustained period of growth. Then, a relative FDI measure will be related to several industry indicators, as well as to some macroeconomic variables, which will allow us to obtain a general characterization of FDI in Spanish manufacturing over that period.