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Estonian Outward Foreign Direct Investments

Author

Listed:
  • Urmas Varblane
  • Tonu Roolaht
  • Ele Reiljan
  • Rein Juriado

Abstract

This paper aims to analyse the role of outward foreign direct investments in the Estonian economy. The research is based on the macro data provided by the Bank of Estonia and on the results obtained from 70 firms that responded to the survey conducted by the authors in autumn 2001. In the process of research the firms in the sample were classified as follows: by the type of investors (direct and indirect), by the type of investments (production, trade, other services), and by the age of affiliations. It allowed us to find interesting differences in the behaviour patterns of various investors. The survey revealed that market related motives appear to be redominant among the factors that make Estonian firms to invest abroad. The most important effects on the parent company are related to additional market shares gained abroad and enhanced exports. Investments into the other Baltic countries have been more in line with earlier expectations than those into the CIS or the European Union..

Suggested Citation

  • Urmas Varblane & Tonu Roolaht & Ele Reiljan & Rein Juriado, 2001. "Estonian Outward Foreign Direct Investments," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 9, Faculty of Economics and Business Administration, University of Tartu (Estonia).
  • Handle: RePEc:mtk:febawb:09
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    References listed on IDEAS

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    1. Yingqi A. Wei & V. N. Balasubramanyam (ed.), 2004. "Foreign Direct Investment," Books, Edward Elgar Publishing, number 3169, April.
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    Cited by:

    1. Jaan Masso & Urmas Varblane & Priit Vahter, 2010. "The Impact Of Outward Fdi On Home-Country Employment In A Low-Cost Transition Economy," World Scientific Book Chapters,in: Network Dynamics In Emerging Regions Of Europe, chapter 16, pages 333-360 World Scientific Publishing Co. Pte. Ltd..
    2. Priit Vahter & Jaan Masso, 2007. "Home versus Host Country Effects of FDI: Searching for New Evidence of Productivity Spillovers," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 53(2), pages 165-196.
    3. Hunya, Gabor, 2004. "FDI in small accession countries: the Baltic states," EIB Papers 9/2004, European Investment Bank, Economics Department.
    4. Priit Vahter, 2006. "Productivity in Estonian enterprises: the role of innovation and competition," Bank of Estonia Working Papers 2006-07, Bank of Estonia, revised 11 Dec 2006.
    5. repec:eee:rujoec:v:3:y:2017:i:4:p:445-474 is not listed on IDEAS
    6. Cantner, Uwe & Günther, Jutta & Hassan, Sohaib Shahzad & Jindra, Björn, 2013. "Outward FDI from the Central and Eastern European Transition Economies – A Discrete Choice Analysis of Location Choice within the European Union," MPRA Paper 51817, University Library of Munich, Germany, revised 04 Jun 2013.
    7. Björn Jindra & Sohaib S. Hassan & Jutta Günther & Uwe Cantner, 2015. "European Integration and Outward FDI from Central and Eastern Europe – Is There Any Evidence of Knowledge-seeking?," Journal of Common Market Studies, Wiley Blackwell, vol. 53(6), pages 1248-1267, November.
    8. Sõrg, Mart, 2007. "Estonia's high current account deficit has special reasons," Wirtschaftswissenschaftliche Diskussionspapiere 13/2007, University of Greifswald, Faculty of Law and Economics.
    9. Stoian, Carmen, 2013. "Extending Dunning's Investment Development Path: The role of home country institutional determinants in explaining outward foreign direct investment," International Business Review, Elsevier, vol. 22(3), pages 615-637.
    10. Andreff, Wladimir, 2002. "The new multinational corporations from transition countries," Economic Systems, Elsevier, vol. 26(4), pages 371-379, December.
    11. Ele Reiljan, 2002. "Internationalization Of Estonian Enterprises: The Market Dimension," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 14, Faculty of Economics and Business Administration, University of Tartu (Estonia), revised 2003.
    12. Kálmán Kalotay, 2004. "Outward FDI from Central and Eastern European Countries," Economic Change and Restructuring, Springer, vol. 37(2), pages 141-172, June.
    13. Kayam, Saime S. & Hisarcıklılar, Mehtap & Kayalıca, Özgür, 2011. "Spoilt for Choice: Explaining the location choice of Turkish Transnationals," MPRA Paper 39150, University Library of Munich, Germany.
    14. Cantner, Uwe & Günther, Jutta & Hassan, Sohaib Shahzad & Jindra, Björn, 2013. "Outward FDI from Central and East European Transition Economies – A discrete choice analysis of location within the EU," MPRA Paper 51804, University Library of Munich, Germany, revised 12 Aug 2013.
    15. Kayam, Saime Suna, 2009. "Home market determinants of FDI outflows from developing and transition economies," MPRA Paper 16781, University Library of Munich, Germany.

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