The Determinants of Foreign Direct Investment in Transition Economies PDF Download
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Author: Alan A. Bevan
Publisher:
ISBN:
Category : Corporations, Foreign
Languages : en
Pages : 52
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Author: Alan A. Bevan
Publisher:
ISBN:
Category : Corporations, Foreign
Languages : en
Pages : 52
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Author: Andrzej Baniak
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
Foreign direct investment (FDI) brings host countries capital, productive facilities, and technology transfer, as well as new jobs and management expertise. Thus, it is important to understand why in many transition countries FDI inflow is lower than expected. The goal of this study is to explore some important factors determining flow of FDI into transition countries. In particular, we analyze the legal environment for FDI in some transition economies. Then we model the impact of stability of the economic and legal environment on the pattern of FDI. Our analysis shows that (1) higher variability of basic macroeconomic fundamentals reduces the flow of FDI, (2) high volatility of fiscal and business regulations makes the inflow of FDI smaller, and (3) macroeconomic and legal instability leads to adverse selection of the investors. Based on theoretical findings we formulate a clear message to policy makers stating that in order to attract significant inflows of long-term and nonspeculative foreign capital, first of all, a stable economic and institutional environment is needed.
Author: Merita Zulfiu Alili
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659536274
Category :
Languages : en
Pages : 88
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Using a panel dataset of bilateral flows of foreign direct investment (FDI), we study the determinants of FDI in transition economies, with particular reference to Macedonia's performance. Even though Macedonia has been introducing extensive fiscal and business sector reforms, so far it has been lagged in attracting foreign investment. Following the empirical approach used in previous studies and the theoretical discussion presented in Chapters 2 this study specifies both static and dynamic models. The static models, both fixed and random effects, do not give the best specification. The empirical work confirms the expectation of the positive feedback effect of past FDI onto current FDI. The negative and significant coefficient of distance indicates that FDI is determined by gravity factors. In addition, GDP of the host country, unit labour costs, trade openness, English language are also important determinants of FDI in transition economies. Our suggestion is that the econometric findings on the determinants of FDI in transition economies using small dataset and static models should be accepted only with caution.
Author: Harinder Singh
Publisher: World Bank Publications
ISBN:
Category : Direkte investeringer
Languages : en
Pages : 48
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Author: Nauro F. Campos
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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The objective of this paper is to investigate the determinants of foreign direct investment inflows in the transition economies between 1990 and 1998. The paper brings two innovations. One is the attention to the effect of agglomeration, an issue that has been highlighted recently in the works of Economic Geography. The second innovation is that we look at all transition countries instead of focusing on, for instance, EU candidates. We find that the main determinants of FDI in transition are agglomeration, the quality of the bureaucracy and the quality of infrastructure. We also find an important difference between CEE and CIS countries. The agglomeration effect is greater for CIS countries than in non-CIS countries. For non-CIS countries, education, infrastructure, and quality of bureaucracy are the main attractors. For CIS countries, availability of cheap labor and sufficient infrastructure, and abundance of natural resources are the main factors influencing FDI flows. Also, the further away from Germany, the more FDI CIS countries receive.
Author: Merita Zulfiu
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Author: Olim Latipov
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Author: Yingqi Wei
Publisher: Edward Elgar Publishing
ISBN: 9781782542544
Category : Business & Economics
Languages : en
Pages : 216
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'The data used is rich, including national, regional and industry-level statistics.' - Yue Ma, The China Journal 'Wei and Liu provide a comprehensive analysis of the determinants and impact of FDI on the economy of China. The book is to be recommended to students of international business for its elegant use of sophisticated econometric techniques and economic theory in exploring the role of FDI in a major emerging economy that hosts a substantial volume of FDI.' - V.N.Balasubramanyam, Lancaster University, UK China is now among the top hosts for foreign direct investment (FDI) inflows in the world. This fact, combined with recent developments in internationalisation and economic growth in China, ensures a perfect opportunity to identify the determinants and impact of FDI in the largest transition economy in the world.
Author: Antonia Haberger
Publisher: GRIN Verlag
ISBN: 3346218619
Category : Business & Economics
Languages : en
Pages : 72
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Bachelor Thesis from the year 2019 in the subject Business economics - Investment and Finance, grade: 1,3, LMU Munich (Institut für marktorientierte Unternehmensführung), language: English, abstract: Both the drivers and effects of foreign direct investment (FDI) are complex and multifaceted. This thesis provides a conceptual overview of a selection of the most frequently considered drivers and economic effects of FDI in literature. The overview aims to support host countries in providing targeted incentives to attract FDI by raising the awareness of controllable drivers. Drivers for selecting a specific host country are presented hierarchically according to their controllability by the host country. The governance infrastructure as a driver, for instance, is easier to control by the target country than market characteristics, cultural distance, or resource endowments. This thesis discusses the drivers according to their decreasing controllability, starting with political factors, followed by economic, social, and cultural, as well as geographical factors. The reasons why these factors may attract FDI are outlined in the respective subsections. Moreover, this overview presents the economic effects of FDI on the host country. These effects include increased competition or spillover effects from foreign to local companies. The composition of direct and indirect effects leads to the conclusion that all these effects impact economic growth, which represents both a driver and an effect of FDI simultaneously. Thus, this thesis refers to the dependencies between drivers and effects with their interrelated factor economic growth. Further, it is argued that the effects of FDI are significantly interdependent among each other. Therefore, the realization of specific effects, such as economic growth, strongly depends on conditions and specific characteristics, such as the particular threshold level of human capital in the host country.
Author: Bret Lee Billet
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 254
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Book Description
