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FDI Attractiveness in Greece

  • Pantelis Pantelidis

    ()

  • Efthymios Nikolopoulos

    ()

This paper investigates the foreign direct investment (FDI) attractiveness for Greece as a host country compared with the rest of the EU countries. The main objective of this work is to identify the factors that improved or worsened Greece’s attractiveness during the last few years. An econometric model and a comparative index of FDI attractiveness have been constructed in order to identify the differences in the attractiveness of the countries. The results obtained prove that during the last few years Greece’s attractiveness as a host country for FDI has not only improved, but it also has a downward trend. The factors identified as crucial for the low FDI attractiveness in Greece are inefficient public governance, high taxation, inefficient infrastructure, and general macroeconomic conditions. Copyright International Atlantic Economic Society 2008

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File URL: http://hdl.handle.net/10.1007/s11294-007-9106-y
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Article provided by International Atlantic Economic Society in its journal International Advances in Economic Research.

Volume (Year): 14 (2008)
Issue (Month): 1 (February)
Pages: 90-100

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Handle: RePEc:kap:iaecre:v:14:y:2008:i:1:p:90-100
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  1. V N Balasubramanyam & D Sapsford & M A Salisu, . "Foreign Direct Investment and Growth," Working Papers ec13/94, Department of Economics, University of Lancaster.
  2. Kai Carstensen & Farid Toubal, 2003. "Foreign Direct Investment in Central and Eastern European Countries: A Dynamic Panel Analysis," Kiel Working Papers 1143, Kiel Institute for the World Economy.
  3. repec:lan:wpaper:3763 is not listed on IDEAS
  4. 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.
  5. Balasubramanyam, V N & Sapsford, David & Griffiths, David, 2002. "Regional Integration Agreements and Foreign Direct Investment: Theory and Preliminary Evidence," Manchester School, University of Manchester, vol. 70(3), pages 460-82, June.
  6. repec:lan:wpaper:3656 is not listed on IDEAS
  7. V N Balasubramanyam & V Mahambare, 2003. "Foreign direct investment in India," Working Papers 539987, Lancaster University Management School, Economics Department.
  8. Aurora Galego & Carlos Vieira & Isabel Vieira, 2004. "The CEEC as FDI Attractors: A Menace to the EU Periphery?," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 40(5), pages 74-91, September.
  9. repec:lan:wpaper:3654 is not listed on IDEAS
  10. Damien NEVEN & George SIOTIS, 1995. "Technology Sourcing and FDI in the EC : An Empirical Evaluation," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 9508, Université de Lausanne, Faculté des HEC, DEEP.
  11. repec:lan:wpaper:4048 is not listed on IDEAS
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