Inward Greek FDI and Location Advantages

14 Pages Posted: 15 Sep 2011

See all articles by Pantelis Pantelidis

Pantelis Pantelidis

University of Piraeus

Dimitrios Kyrkilis

affiliation not provided to SSRN

Efthymios Nikolopoulos

University of Macedonia

Date Written: September 13, 2011

Abstract

The aim of this paper is to construct and test a model explaining the inward FDI position of Greece on the basis of its location advantages during 1981-2009 period. The model consists of variables approximating location advantages as these are suggested by economic theory and empirical research. The model has an adequate explanatory ability and highlights market, wages, labor productivity and the availability of technological capabilities as important determinants of inward FDI in Greece. Also Common market is identified by our model as having a positive impact on FDI. Furthermore the European Monetary Union and the openness of the market (mainly dependent on imports) have a significant, negative impact on FDI.

Keywords: FDI, Greece

JEL Classification: F21, F23

Suggested Citation

Pantelidis, Pantelis and Kyrkilis, Dimitrios and Nikolopoulos, Efthymios, Inward Greek FDI and Location Advantages (September 13, 2011). Available at SSRN: https://ssrn.com/abstract=1926713 or http://dx.doi.org/10.2139/ssrn.1926713

Pantelis Pantelidis (Contact Author)

University of Piraeus ( email )

Karaoli and Dimitriou 80
80 KARAOLI & DIMITRIOU STREET
Piraeus, Attiki 18534
Greece
+30-210-4142293 (Phone)

Dimitrios Kyrkilis

affiliation not provided to SSRN ( email )

Efthymios Nikolopoulos

University of Macedonia ( email )

156 Egnatia St.
P.O. 1591
Thessaloniki, 54006
Greece

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