Sectoral composition of foreign direct investment and external vulnerability in Eastern Europe /

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Bibliographic Details
Author / Creator:Kinoshita, Yuko, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2011.
Description:1 online resource (30 pages) : illustrations
Language:English
Series:IMF working paper ; WP/11/123
IMF working paper ; WP/11/123.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499341
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. European Department, issuing body.
ISBN:128356212X
9781283562126
9781455279524
1455279528
9781455263400
1455263400
1455291633
9781455291632
9786613874573
6613874574
1455277509
9781455277506
Notes:Includes bibliographical references.
English.
Summary:In the run up to the global crisis, countries in Central Eastern and Southeastern Europe attracted large capital inflows and some of them built up large external imbalances. This paper investigates whether these imbalances are linked to the sectoral composition of FDI. It shows that FDI in the tradable sectors leads to an improvement of the external balance. We also find that the countries with large market size, good infrastructure, greater trade integration, and educated labor force are more likely to receive more FDI in the tradable sectors.
Other form:Print version: Kinoshita, Yuko. Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe. Washington : International Monetary Fund, ©2011 9781455263400
Table of Contents:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Capital Inflows in the CESE Countries; A. Composition of Capital Inflows; 1. FDI Inflows in Emerging Economies, 2000-08; 2. CESE: Composition of FDI Stock, 2007; 3. CESE: Shares of FDI Stock in the Tradable and Nontradable Sectors, 2007; B. The Impact of the Sectoral Composition of FDI Inflows on Trade Deficits; 4. CESE: Correlations with Tradable and Nontradable FDI Stock to GDP; 5A. Non-EU Balkans: Share of Tradable FDI and Trade Account Balance, 2000-07.
  • 5B. Baltics and EU-Balkans: Share of Tradable FDI and Trade Account Balance, 2000-075C. CEE: Share of Tradable FDI and Trade Account Balance, 2000-07; III. Effects of Tradable FDI on Export; IV. Determinants of Sectoral FDI; A. Host Country Determinants of FDI in the Tradable Sector; 6. CESE: Determinants of FDI in the Tradable Sectors, 2003-07; B. Empirical Results; Table 1. Determinants of FDI in the Tradable Sectors; V. Conclusions; 1. Emerging Europe: Export Equation; 2. Emerging Europe: Import Equation; 3. Descriptive Statistics; 4. Data Descriptions and Sources; References; Footnotes.