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Sub-National Level Analysis on FDI Relocation towards Eastern Europe

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  • Ki-Sik Hwang

Abstract

The main aim of this research is to look at the different degrees of attractiveness of EU sub-national regions from a Korean investors' perspective. Detailed analysis of sub-national variation shows certain features that were not explicit at the national (or state) level analysis. Empirical findings clearly show the striking disparities in economic performance between various sub-national regions within the enlarged ***EU. The findings will confirm that Korean firms never looked at the EU-15 (nor Eastern Europe) as a single location that offered homogenous locational advantages. In conclusion, this research raises concerns about the utility of using only a ‘cost advantage based approach’ when considering locational advantage and investment decisions in the Eastern European regions.

Suggested Citation

  • Ki-Sik Hwang, 2008. "Sub-National Level Analysis on FDI Relocation towards Eastern Europe," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 11(1), pages 19-34, March.
    • Handle: RePEc:sae:intare:v:11:y:2008:i:1:p:19-34
    DOI: 10.1177/223386590801100102
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    References listed on IDEAS

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    1. Artis,Michael & Banerjee,Anindya & Marcellino,Massimiliano (ed.), 2006. "The Central and Eastern European Countries and the European Union," Cambridge Books, Cambridge University Press, number 9780521849548.
    2. Hubert Janicki & Phanindra Wunnava, 2004. "Determinants of foreign direct investment: empirical evidence from EU accession candidates," Applied Economics, Taylor & Francis Journals, vol. 36(5), pages 505-509.
    3. Carstensen, Kai & Toubal, Farid, 2004. "Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 3-22, March.
    4. Laura Resmini, 2000. "The Determinants of Foreign Direct Investment in the CEECs: New evidence from sectoral patterns," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 665-689, November.
    5. Michael F rster & Timothy Smeeding & David Jesuit, 2002. "Regional Poverty and Income Inequality in Central and Eastern Europe: Evidence from the Luxembourg Income Study," LIS Working papers 324, LIS Cross-National Data Center in Luxembourg.
    6. Claudia M. Buch & Jörn Kleinert, 2006. "Who Goes East? The Impact of Enlargement on the Patterns of German FDI," IAW Discussion Papers 24, Institut für Angewandte Wirtschaftsforschung (IAW).
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