IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v6(547)y2010i6(547)p17-26.html
   My bibliography  Save this article

Localization Factors and Inward Foreign Direct Investment in Greece

Author

Listed:
  • Nuno Carlos LEITÃO

    (Polytechnic Institute of Santarém, Portugal)

Abstract

This study examines the foreign direct investment (FDI) attractiveness for Greece as a host country in the period 1998-2007. The purpose of this paper is to analyze the impact of variables, such as market size, labour costs, trade openness, taxes, inflation and economic stability. The manuscript applies a panel data approach (Fixed Effects estimator and GMM system estimator). In contrast to previous studies, this paper used a dynamic panel data to solve the problems of serial correlation and endogeneity. The empirical results indicate that the market size, trade openness, and labour costs are significant factors to explain inward FDI to Greece. These results indicate that the FDI attracting will be influenced by market size. Our results also show that Greece has some problems of macroeconomic stability, which discourages the investors.

Suggested Citation

  • Nuno Carlos LEITÃO, 2010. "Localization Factors and Inward Foreign Direct Investment in Greece," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 6(6(547)), pages 17-26, June.
    • Handle: RePEc:agr:journl:v:6(547):y:2010:i:6(547):p:17-26
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/472.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=472&rid=63
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patricia Lindelwa Makoni, 2018. "FDI and FPI Determinants in Developing African Countries," Journal of Economics and Behavioral Studies, AMH International, vol. 9(6), pages 252-263.
    2. Adrian Martinez-Osorio & Deicy J. Cristiano-Botia & Celina Gaitan-Maldonado & Diego A. Sandoval-Herrera, 2019. "La Inversión Directa de Colombia en el Exterior (IDCE) y su renta: determinantes y dinámica reciente," Borradores de Economia 1068, Banco de la Republica de Colombia.
    3. Salahodjaev, Raufhon & Yuldashev, Oybek & Omanbayev, Bekhzod, 2016. "What drives foreign direct investment into post-communist economies?," MPRA Paper 73277, University Library of Munich, Germany.
    4. John Anyanwu, 2011. "Working Paper 136 - Determinants of Foreign Direct Investment Inflows to Africa, 1980-2007," Working Paper Series 327, African Development Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:6(547):y:2010:i:6(547):p:17-26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marin Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.