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This study investigates the interactions between provincial characteristics and foreign-specific agglomerations on Taiwanese investors' location choice in China. Using firm-level data, we find that nationality agglomeration and Asian agglomeration have non-negligible impacts on these investors. Furthermore, we find that their location choice follows a sequential selection process. These findings suggest that a region-wide development strategy is a more effective means of attracting these investors than province-specific fiscal concessions and preferential treatment. |
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