Kiel Working Papers, Kiel Institute for World Economics
No 1143:
Foreign Direct Investment in Central and Eastern European Countries: A Dynamic Panel Analysis
Kai Carstensen and Farid Toubal
Abstract: This paper uses dynamic panel data methods to examine the
determinants of Foreign Direct Investment (FDI) into Central and Eastern
European Countries (CEECs). Our empirical model shows that the traditional
determinants, such as market potential, low relative unit labor costs, a
skilled workforce and relative endowments have significant and plausible
eŽects. In addition, transition-specific factors such as the level and
method of privatisation, and the country risk, play an important role in
determining the flows of FDI into the CEECs and help explain the diŽerent
attractiveness for FDI of the individual countries.
Keywords: Transition economies, FDI, Panel estimation; (follow links to similar papers)
JEL-Codes: F21; F23; P33; (follow links to similar papers)
27 pages, January 2003
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
kap1143.pdf
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom