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The Determinants of Foreign Direct Investment in Transition Economies: A Meta-Analysis

Listed author(s):
  • Masahiro Tokunaga

    ()

    (Faculty of Business and Commerce, Kansai University)

  • Ichiro Iwasaki

    ()

    (Institute of Economic Research, Hitotsubashi University)

In this paper, we conduct a meta-analysis of studies that empirically examine the relationship between economic transformation and foreign direct investment (FDI) performance in Central and Eastern Europe and the former Soviet Union over the past quarter century. More specifically, we synthesize the empirical evidence reported in previous studies that deal with the determinants of FDI in transition economies, focusing on the impacts of transition factors. We also perform meta-regression analysis to specify determinant factors of the heterogeneity among the relevant studies and the presence of publication selection bias. We find that the existing literature reports a statistically significant nonzero effect as a whole, and a genuine effect is confirmed for some FDI determinants beyond the publication selection bias.

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File URL: http://www.kier.kyoto-u.ac.jp/DP/DP952.pdf
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Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 952.

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Length: 56pages
Date of creation: Nov 2016
Handle: RePEc:kyo:wpaper:952
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