Foreign Direct Investment Drivers and Growth in Central and Eastern Europe in the Aftermath of the 2007 Global Financial Crisis

Jimborean, Ramona; Kelber, A.

doi:10.1057/s41294-016-0018-9

Cited by 25 publications

(25 citation statements)

References 47 publications

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“…Most of the studies focusing on FDI determinants in the CEECs analyzed them from the perspective of transition process, but few studies identified the factors affecting FDI during the global crisis (Sakali, 2013;Jimborean & Kelber, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Foreign Direct Investment in the Visegrad Group Countries After the Eu Enlargement

Zhang

et al. 2018

Technological and Economic Development of Economy

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Considering the role of foreign direct investment (FDI) inflows in the sustainable development of a country, the main aim of this paper is to identify some macroeconomic factors that positively or negatively influence FDI in Visegrad group countries after the European Union (EU) enlargement in 2004. We employed two types of approaches in our analysis: i) time series and ii) panel data approach. According to the generalized ridge regressions estimated in Bayesian framework, the perceived corruption was a factor that influenced FDI in all the countries. In Poland, Czech Republic and Slovakia corruption came through as a serious obstacle for FDIs since 2005, but this was not the case for Hungary. Even if Hungary is perceived as a country with high influence, foreign investors seem no to care about this fact and are more interested in the quality of human resources and the possibility to increase exports. Our panel approach based on a panel ARDL model identified a significant relationship between FDI, corruption index and labour force with advanced education however this causality was only detected in the long run. According to the Granger causality in panel, the attraction of FDI inflows succeeded in generating changes in total tax rate, but the issues related to corruption were not reduced at an acceptable level for foreign investors in Poland, Slovakia, and the Czech Republic.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of Foreign Direct Investment in the Visegrad Group Countries After the Eu Enlargement

Zhang

et al. 2018

Technological and Economic Development of Economy

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“…These results are very interesting for our study since we test the correlations between FDI and industrial production (as complement to the service sector). Jimborean and Kelber (2017) suggest that, in general, FDI had a favourable impact on economies of the Central Asian and Eastern European countries in 1993-2014. This positive influence increased during the 2007 crisis, while it became non-significant for the 2011 crisis period.…”

Section: Effects Of Fdi On the Whole Economymentioning

confidence: 99%

Regional development and foreign direct investment in transition countries: a case-study for regions in Ukraine

Getzner

Moroz

2020

Post-Communist Economies

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This paper evaluates the effects of foreign direct investment (FDI) on the economic development of Ukrainian regions based on selected indicators (gross regional product, change of gross regional product, share of the industrial (manufacturing) sector, and employment and unemployment rates) in the 2003-2016 period. Employing an exploratory panel time-series approach, the results suggest that there is only a limited impact of FDI on the economic performance of the regions. The small influence of foreign direct investments is, among others, a consequence of political instability, weak governance, the military conflict in the East of the country, and incompleted reforms of the Ukrainian economy. We suggest that it is necessary to focus on targeted programs at both the regional and state levels in order to enhance the existing state of the economy. It is also important to ensure stability and transparency in the legislative processes, tax reforms, and other policy fields to facilitate the attraction of foreign direct investment, the creation of new jobs, and the increase of the income levels of the Ukrainian population.

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“…Additionally, they highlight infrastructure development, market size, tertiary school enrollment rate, previous FDI flows, corporate tax system, country's accession to the European Union, structural reforms, risk premium, country's competitiveness and trade openness as crucial host country FDI determinants [12].…”

Section: Literature Review: Fdi Determinants and Regional Integrationmentioning

confidence: 99%

Fdi Determinants in the Eurasian Economic Union Countries and Eurasian Economic Integration Effect on Fdi Inflows

Zhumakankyzy¹,

Mukhamediyev²

2017

EoR

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1 The paper examines the potential determinants of foreign direct investment inflows into the region of Eurasian Economic Union, as well as incentives for investment into other neighboring countries. In the first model, the authors test a hypothesis on country specific foreign direct investment determinants for the Eurasian Economic Union region. The results of fixed effects estimation show that gross domestic product, infrastructure development and secondary education enrollment have a positive statistically significant effect on the foreign direct investment inflows into the region. Conversely, the impact of Customs Union on foreign direct investment appeared to be negative. Furthermore, in the second model of the natural experiment, the authors empirically test the hypothesis on Customs Union's effect on foreign direct investment while controlling for both country and time effects. The model includes evaluating the impact of the policy change on foreign investment inflows. The natural experiment outcome also points to the negative effect of Eurasian economic integration on foreign direct investment inflows. Although the countries of Eurasian Economic

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Foreign Direct Investment Drivers and Growth in Central and Eastern Europe in the Aftermath of the 2007 Global Financial Crisis

Cited by 25 publications

References 47 publications

Determinants of Foreign Direct Investment in the Visegrad Group Countries After the Eu Enlargement

Determinants of Foreign Direct Investment in the Visegrad Group Countries After the Eu Enlargement

Regional development and foreign direct investment in transition countries: a case-study for regions in Ukraine

Fdi Determinants in the Eurasian Economic Union Countries and Eurasian Economic Integration Effect on Fdi Inflows

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