Description

• Title:
  The Determinants of European Union (EU) Foreign Direct Investments in the EU Countries from Central and Eastern Europe During 1994–2012
• Creator:
  Tang, Donny
• Contributor:
  Ph.D., Department of Economics, Temple University, United States of America;
  dnytng@gmail.com
• Description:
  This study examines whether the CEECs’ financial market development can explain the EU FDI in the CEECs during 1994–2012. The higher bank credit flows had a positive effect on the FDI in 2005–2012. This can be attributed to the major banking sector reforms undertaken before the CEECs’ EU accession. Second, the stock market size had a positive effect in 1997–2004. This is due to the fact that the EU membership announcement facilitated deeper stock market integration. Third, the higher country income, in interaction with a higher bank credit flow, had only a small positive effect in 2005–2012. The higher income CEECs have pursued much deeper bank liberalization through large-scale privatization of state-owned banks. Finally, the higher country income, in interaction with a larger stock market size, had a negative effect in 2005–2012. A possible reason for this is that the EU countries have started to divert their new FDI to the non-EU countries.
• Object availability:
  free access
• Rights:
  This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.;
  http://creativecommons.org/licenses/by-nc-nd/3.0
• Date:
  2017.03.14;
  2017.03.09
• Format:
  application/pdf
• Publisher:
  Wydawnictwo Uniwersytetu Łódzkiego
• Relation:
  Comparative Economic Research;20
• Subject:
  european integration;
  European Union;
  foreign direct investment;
  financial market
• Identifier:
  1508-2008;
  http://hdl.handle.net/11089/20862 ;
  10.1515/cer-2017-0005
• Data provider:
  Repozytorium Uniwersytetu Łódzkiego
• Can I use it?:
  check license
• Type:
  other