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PRWP

Reproducibility package for Is the U.S. friend-shoring, nearshoring, or reshoring? Evidence from greenfield investment announcements

2024
Get Reproducibility Package
Reference ID
RR_USA_2024_221
DOI
https://doi.org/10.60572/q0j7-cv05
Author(s)
Alec Mulabdic, Gaurav Nayyar
Collections
World Bank Policy Research Working Papers
Metadata
JSON
Created on
Nov 06, 2024
Last modified
Nov 06, 2024
  • Overview
  • Reproducibility Package
  • Description
  • Scope and coverage
  • Disclaimer
  • Access and rights
  • Contacts
  • Information on metadata
  • Citation

    • Overview

    Abstract

    This paper examines the response of US multinational companies to recent global shocks using data on greenfield investment announcements. The results indicate an intensification of reshoring and nearshoring activities by US companies, especially following Russia’s invasion of Ukraine. This shift has also increased jobs associated with greenfield investment announcements. Following the invasion of Ukraine, the estimated number of direct jobs in greenfield investment announcements were more than double in the US and its neighboring countries. The paper finds no evidence that US companies are adopting a friend-shoring strategy by investing more in military allies. The paper suggests that US supply chains are likely to become less global and more regional as these investments become operational.

    Reproducibility Package

    Scripts
    Get Reproducibility Package
    Title
    Reproducibility package (code and partial data) for Is the U.S. friend-shoring, nearshoring, or reshoring? Evidence from greenfield investment announcements
    Dependencies
    All dependency files are included in the folder "Do files/ado".
    Notes
    Computational reproducibility verified by Development Impact (DIME) Analytics team, World Bank.
    Source code repository
    Repository name URI
    Reproducible Research Repository (World Bank) https://reproducibility.worldbank.org
    Software
    Name
    Stata
    Version
    18.0 MP

    Reproducibility

    Technology environment

    Paper exhibits were reproduced in a computer with the following specifications:
    – OS: Windows 10 Enterprise 22H2
    – Processor: Intel(R) Xeon(R) CPU E7- 4860 @ 2.27GHz 2.26 GHz
    – Memory available: 16 GB
    – Software version: Stata 18.0 MP
    Technology requirements

    Runtime: 5 minutes
    Reproduction instructions

    Users need to gain access to the dataset Bilateral FDI announcements; change the global path in line 9 of "1_Prepare_data_WP.do" and line 7 of "2_Figure_WP.do", "3_Event_study_WP.do", and "4_Regressions_WP.do"; and run the do-files following the order in their name prefixes to reproduce the results.

    Data

    Datasets
    Name
    Gravity dataset from the Centre d’études prospectives et d’informations internationales (CEPII)
    Note
    Data was accessed in December 2019. The currently available data version might differ from the data included in this reproducibility package. Data file: gravdata_cepii.zip.
    Access policy
    Data is public and included in the package.
    License
    Etalab Licence Ouverte V 2.0
    License URL
    https://www.cepii.fr/CEPII/fr/bdd_modele/bdd_modele_item.asp?id=8
    Data URL
    https://www.cepii.fr/CEPII/fr/bdd_modele/bdd_modele_item.asp?id=8
    Name
    World Development Indicators
    Note
    Source: World Bank. Variables used: population, GDP. The data was accessed on July 2024 using the Stata package wbopendata. The code used to download the data is included in lines 94-111 of 1_Prepare_data_WP.do. The data downloaded is stored in the file gdp_pop.dta.
    Access policy
    Data is public and included in the package.
    License
    Creative Commons Attribution 4.0 (CC-BY 4.0) with the additional terms of the License URL
    License URL
    https://www.worldbank.org/en/about/legal/terms-of-use-for-datasets
    Data URL
    https://data.worldbank.org/indicator
    Name
    Bilateral FDI announcements
    Note
    Source: Financial Times. Data includes monthly bilateral FDI announcements from January 2015 to December 2023, with information on investment value and the estimated number of jobs created. The data was last updated at the beginning of 2024. Data file: FDI_2023.dta.
    Access policy
    This dataset was purchased from the Financial Times and cannot be redistributed. Users interested in purchasing the data will find contact information for the FT sales agent in the README.
    Data statement

    Some data is restricted and has not been included in the reproducibility package.

    Description

    Output
    Type
    Working paper
    Title
    Is the U.S. friend-shoring, nearshoring, or reshoring? Evidence from greenfield investment announcements
    Description
    Policy Research Working Paper (PRWP)
    Authors
    Author Affiliation Email
    Alec Mulabdic World Bank amulabdic@worldbank.org
    Gaurav Nayyar World Bank gnayyar@worldbank.org
    Date of production

    2024-11

    Scope and coverage

    Geographic locations
    Location Code
    United States USA
    Keywords
    Foreign direct investment reshoring friend-shoring nearshoring home-bias
    Topics
    ID Topic Parent topic ID Vocabulary Vocabulary URI
    F21 International Investment • Long-Term Capital Movements F2 Journal of Economic Literature (JEL)
    F23 Multinational Firms • International Business F2 Journal of Economic Literature (JEL)

    Disclaimer

    Disclaimer

    The materials in the reproducibility packages are distributed as they were prepared by the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this event do not necessarily reflect the views of the World Bank, the Executive Directors of the World Bank, or the governments they represent. The World Bank does not guarantee the accuracy of the materials included in the reproducibility package. License

    Access and rights

    License
    Name URI
    Modified BSD3 https://opensource.org/license/bsd-3-clause/

    Contacts

    Contacts
    Name Affiliation Email
    Alen Mulabdic World Bank amulabdic@worldbank.org
    Reproducibility WBG World Bank reproducibility@worldbank.org

    Information on metadata

    Producers
    Name Abbreviation Affiliation Role
    Reproducibility WBG DIME World Bank - Development Impact Department Verification and preparation of metadata
    Date of Production

    2024-05-11
    Document version

    1

    Citation

    Citation
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