Competing Locations? Market Potential And Fdi In Central And Eastern Europe Vs The Mediterranean
The issue of the location of Foreign Direct Investment is receiving a renewed interest in the literature since developing countries have now started to compete for the attraction of foreign capital. In particular, the European Union is at the centre of a region where strong integration dynamics are in place, and where the "peripheries? i.e. Central and Eastern Europe and the South Mediterranean shore, are taking advantage of an increasing presence of European multinationals. The full implications of such dynamics, for both the European Union and the bordering countries, are yet to be fully understood given the complex issues behind the determinants of FDI location. At this purpose, we will exploit two unique databases, constructing a panel probit model of FDI determinants of more than 3,500 European multinationals having invested in Central and Eastern Europe and the Mediterranean over the 1990-1997 period in 48 NACE-3 different industries. We will then discuss the policy implications for the European Union and for its neighbouring countries of those FDI determinants.
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- Markusen, James R & Maskus, Keith E, 2002.
"Discriminating among Alternative Theories of the Multinational Enterprise,"
Review of International Economics,
Wiley Blackwell, vol. 10(4), pages 694-707, November.
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- 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.
- Laura Resmini, 1999. "The Determinants of Foreign Direct Investment into the CEECs: New Evidence from Sectoral Patterns," LICOS Discussion Papers 8399, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- Hans-Peter Lankes & A. J. Venables, 1996. "Foreign direct investment in economic transition: the changing pattern of investments," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 331-347, October. Full references (including those not matched with items on IDEAS)
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