  |
|
|
||||
|
||||
Why Does FDI Go Where it Goes? New Evidence from the Transition Economies
Yuko Kinoshita International Monetary Fund (IMF); University of Michigan, William Davidson Institute; Centre for Economic Policy Research (CEPR) Nauro F. Campos Brunel University - Economics and Finance; Centre for Economic Policy Research (CEPR); University of Michigan at Ann Arbor - The William Davidson Institute; Institute for the Study of Labor (IZA) June 2003 William Davidson Institute Working Paper No. 573 Abstract: This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main determinants are institutions, agglomeration and trade openness. We find important differences between the Eastern European and Baltic countries, on the one hand, and the former Soviet Union countries on the other: in the latter group, natural resources and infrastructure matter, while agglomeration matters only for the former group.
Keywords: foreign direct investment, transition economies JEL Classifications: F21, O16, O23, C33, P27 Working Paper SeriesDate posted: August 01, 2003 ; Last revised: September 09, 2003Suggested CitationContact Information
|
|
|||||||||||||||||||||||||||||||||
© 2010 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was served by apolloa 7 in 0.437 seconds.
One-Click Download
Facebook
Twitter
Digg
Del.icio.us
CiteULike
