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Economic integration and FDI : an empirical analysis of foreign investment in the EU and in Central and Eastern Europe

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dc.creator Brenton, Paul
dc.creator DiMauro, Francesca
dc.creator Lücke, Matthias
dc.date 1998
dc.date.accessioned 2013-10-16T06:55:54Z
dc.date.available 2013-10-16T06:55:54Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/1046
dc.identifier ppn:252636090
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/1046
dc.description Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of concurrent trade and investment liberalisation. Moreover, given the limits of simulation models, which rely heavily upon parameter choice, in assessing the impact of such liberalisation, there is a need for empirical analysis to identify the principal features of FDI. This paper uses a 'gravity model' approach to assess the impact of the deepening integration between the EU and the CEECs on FDI flows in terms of three key issues. First, we provide systematic estimates of the expected long-term level of FDI in the CEECs. Second, we investigate whether FDI in the CEECs, on the one hand, and source country exports and imports, on the other hand, are complements or substitutes. Finally, we enquire whether an increase in the attractiveness of the CEECs to foreign investors has affected the magnitude of FDI going to other European countries.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kiel Working Papers 890
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F15
dc.subject F21
dc.subject F23
dc.subject ddc:330
dc.subject foreign direct investment
dc.subject transition economies
dc.subject gravity model
dc.subject Direktinvestition
dc.subject Gravitationsmodell
dc.subject EU-Erweiterung
dc.subject Internationale Wirtschaftsbeziehungen
dc.subject Wirtschaftsintegration
dc.subject Schätzung
dc.subject EU-Staaten
dc.subject Osteuropa
dc.title Economic integration and FDI : an empirical analysis of foreign investment in the EU and in Central and Eastern Europe
dc.type doc-type:workingPaper


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