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FDI in Hungary - the first mover's advantage and disadvantage

  • Sass, Magdolna

    ()

    (Hungarian Academy of Sciences)

Presenting a case study of FDI in Hungary, this paper first reviews the characteristics of FDI in Hungary since the outset of transition. It then examines the determinants of FDI in Hungary, finding that early and comprehensive privatisation and the creation of a generally business-friendly policy environment played key roles in making Hungary an early leader in FDI flows to countries in Central and Eastern Europe. But the paper also observes that some of Hungary's first-mover advantage has been eroded in recent years as other countries have provided increasingly friendly environments for FDI, often combined with lower labour costs. The paper then proceeds to assess the influence of FDI on Hungary's economy. It concludes that FDI has had, on balance, a positive impact on economic performance although hard evidence of spillovers to indigenous firms is difficult to find.

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File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2004_v09_n02_en.pdf#page=64
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Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 8/2004.

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Length: 29 pages
Date of creation: 18 Jun 2004
Date of revision:
Handle: RePEc:ris:eibpap:2004_008
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  1. 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.
  2. Gábor Pula, 2003. "Capital Stock Estimation in Hungary: A Brief Description of Methodolgy and Results," MNB Working Papers 2003/7, Magyar Nemzeti Bank (the central bank of Hungary).
  3. Tomasz Mickiewicz & Slavo Radosevic & Urmas Varblane, 2000. "The Value of Diversity: Foreign Direct Investment and Employment in Central Europe During Economic Recovery," One Europe or Several? Working Papers 5, One-Europe Programme.
  4. Pye, Robert, 1998. "Foreign direct investment in Central Europe:: Experiences of major Western investors," European Management Journal, Elsevier, vol. 16(4), pages 378-389, August.
  5. repec:wdi:papers:2000-344 is not listed on IDEAS
  6. Karoly Fazekas, 2003. "Effects of foreign direct investment on the performance of local labour markets - The case of Hungary," Budapest Working Papers on the Labour Market 0303, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
  7. n/a, 2002. "The Role of Efficiency as an Explanation of International Income Differences," NIESR Discussion Papers 137, National Institute of Economic and Social Research.
  8. repec:wdi:papers:2003-549 is not listed on IDEAS
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