The determinants of foreign direct investment into European transition economies |
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| Authors: | Alan A Bevan Saul Estrin |
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| Institution: | aEuropean Bank for Reconstruction and Development;bLondon Business School, UK;cCentre for New and Emerging Markets, London Business School, Regent's Park, London NW1 4SA, UK |
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| Abstract: | Using a panel dataset of bilateral flows of foreign direct investment (FDI), we study the determinants of FDI from Western countries, mainly in the European Union (EU), to Central and Eastern European ones. We find the most important influences to be unit labor costs, gravity factors, market size, and proximity. Interestingly, host country risk proves not to be a significant determinant. Our empirical work also indicates that announcements about EU Accession proposals have an impact on FDI for the future member countries. Journal of Comparative Economics 32 (4) (2004) 775–787. |
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| Keywords: | Foreign direct investment EU accession Transition economies |
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