The Automotive Industry in Central and Eastern Europe – Engine of Grow or Free Rider?
Peter R. Haiss
WU Vienna University of Economics and Business; UniCredit Bank Austria; IES Vienna - Institute for the International Education of Students
Institute for Industrial Research (IWI); Vienna University of Economics and Busines- Institute for Export Management
February 28, 2009
Oxford Business and Economics Conference (OBEC), Oxford University, UK, June 24-26, 2009
The impact of FDI onto host countries economies is heavily debated, particularly for transition economies. However, sectoral research is scarce. Building on Aristotelous and Fountas (1996) and using data from automobile manufacturers associations (OICA and ACEA), we analyze the impact of automotive FDI on exports and GDP growth for five transition economies over the 1995-2006 period. We find that automotive FDI triggered economic growth in several CEE countries, though at varying degrees.
Number of Pages in PDF File: 27
Keywords: Sectoral FDI, Foreign Direct Investment, Automotive Industry, Transition Economies, CEESEE, Panel Data Analysis
JEL Classification: E22, F15, F21, F23, F36, L62, M21, O11, O52, P31Accepted Paper Series
Date posted: April 11, 2011
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