2024-12-29-世界银行-美国朋友是支持_近岸还是离岸_来自绿地投资公告的证据（英）_24页_755kb

Policy Research Working Paper 11006 Summary

Analysis of greenfield investment announcements (2015-2023) indicates that US multinational corporations intensified reshoring and nearshoring activities in response to geopolitical shocks (US-China trade tensions, COVID-19, Russia-Ukraine invasion). While limited evidence supports friend-shoring, the same-country dummy variable became statistically significant and increased significantly post-COVID-19, particularly after Russia's invasion of Ukraine. This shift is concurrent with policies like the Inflation Reduction Act encouraging domestic content. The study further shows this trend is mirrored in job creation, with a doubling of direct jobs in the US and neighboring countries following these shocks. These findings quantify the home bias in US greenfield investment, influenced by geopolitical risks and domestic incentives.