Determinants of FDI in Central and Eastern Europe : the Effects of Integration into the European Union /

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Bibliographic Details
Author / Creator:Makhavikova, Hanna, author.
Imprint:Cham, Switzerland : Springer, [2018]
Description:1 online resource
Language:English
Series:Contributions to economics
Contributions to economics.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11736955
Hidden Bibliographic Details
ISBN:9783319918785
3319918788
9783319918778
331991877X
Digital file characteristics:text file PDF
Notes:Includes bibliographical references.
Online resource; title from digital title page (viewed on September 17, 2018).
Summary:This book provides a detailed examination of foreign direct investment (FDI) inflows in Central and Eastern Europe (CEE) after closer integration in the European Union. An important facet of European economic integration was the development of a free-trade area in Central and Eastern Europe, which improved market accessibility. However, to date these relations have been little explored theoretically. The book examines foreign investments in different transition countries from both a theoretical and an empirical perspective. It analyzes changes in the choice of location by foreign investors in nineteen CEE countries between 1992 and 2015, and shows that it is linked to the removal of intra-regional trade barriers. The findings suggest that regional integration increases the incentives for multinationals to invest in the participating countries, especially in those with larger markets and lower production costs.--
Other form:Print version: Makhavikova, Hanna. Determinants of FDI in Central and Eastern Europe. Cham, Switzerland : Springer, [2018] 331991877X 9783319918778
Standard no.:10.1007/978-3-319-91878-5
Table of Contents:
  • Intro; Preface; A Note on Terminology; Contents; Chapter 1: Introduction; 1.1 Problem Statement; 1.2 Literature Survey; 1.3 Scope and Constraints; 1.4 Methodology; 1.5 Aims and Objectives; 1.6 Structure of the Book; References; Chapter 2: Theoretical Foundations; 2.1 Concepts of FDI; 2.1.1 Forms of Foreign Investment; 2.1.2 Functions and Types of FDI; 2.1.3 The Factors of FDI; 2.2 Patterns of FDI in Central and Eastern Europe; 2.2.1 1992-1998; 2.2.2 1999-2003; 2.2.3 2004-2008; 2.2.4 2009-2015; 2.3 Empirical Literature on the FDI Determinants; 2.3.1 Market and Resource-Seeking Motives.
  • 2.3.2 Efficiency-Seeking Motives2.3.3 Integration-Specific Factors; 2.3.4 Limitations of the Previous Researches; 2.4 Accession Towards the EU; 2.4.1 Free Trade Agreements; 2.4.2 The European Stabilisation and Association Agreements; 2.4.3 The EU Accession; 2.4.4 The Channels of Influence of the EU Integration on FDI Inflows; 2.4.4.1 Policy Changes; 2.4.4.2 Economic Determinants; 2.4.4.3 Business Factors; 2.5 Appendix; 2.5.1 Appendix A; 2.5.2 Appendix B; References; Chapter 3: Theoretical Model; 3.1 Literature Overview; 3.1.1 Classification of the Regional Integration Theories.
  • 3.1.2 New Economic Geography Models3.1.2.1 The Earliest ``New Trade ́́Models; 3.1.2.2 ``Footloose Capital ́́Models; 3.1.2.3 Regional Inequalities; 3.1.3 Models with FDI; 3.1.3.1 Basic Models; 3.1.3.2 MandA and Greenfield Investments; 3.1.3.3 Horizontal and Vertical Investments; 3.1.3.4 Regional Blocks; 3.2 Set Up of the Model; 3.2.1 Specification of the Model; 3.2.2 Equal Barriers; 3.2.3 Reduction in Internal Tariffs; 3.2.4 No Barriers; 3.3 Heterogeneity Across Countries; 3.3.1 Different External Tariffs; 3.3.2 Market Size; 3.3.3 Labour Costs; 3.3.4 Installation Costs; 3.4 FDI in the Model.
  • 3.4.1 Generalised Theoretical Model3.4.2 Export-Platform; 3.5 Appendix C; References; Chapter 4: Empirical Model; 4.1 Factors; 4.1.1 Dependent Variable; 4.1.2 Market-Seeking Factors; 4.1.3 Resource-Seeking Factors; 4.1.4 Integration Factors; 4.1.5 Efficiency-Seeking Factors; 4.1.6 Completed Model; 4.2 Robustness Check; 4.2.1 Descriptive Statistics; 4.2.2 Choice of the Model; 4.2.3 Robustness Tests; 4.2.3.1 Non-linearity and Influential Data; 4.2.3.2 Heteroskedasticity and Autocorrelation; 4.2.3.3 Multicollinearity; 4.2.3.4 Endogeneity; 4.2.4 Instrumental Variables (IV) Estimators.
  • 4.3 Empirical Results4.3.1 Traditional Determinants of FDI; 4.3.2 Macroeconomic Variables; 4.3.3 Integration Effect; 4.3.4 Future FDI Flows; 4.4 Subtests; 4.4.1 Decomposition by Region; 4.4.2 Decomposition by Time Periods; 4.5 Appendix; 4.5.1 Appendix D; 4.5.2 Appendix E; 4.5.3 Appendix F; 4.5.4 Appendix G; 4.5.5 Appendix H; 4.5.6 Appendix I; 4.5.7 Appendix J; 4.5.8 Appendix K; 4.5.9 Appendix L; 4.5.10 Appendix M; References; Chapter 5: Summary and Conclusions; 5.1 Summary of the Findings; 5.2 Academic Contributions and Policy Implications; 5.3 Limitations of the Study.