The Determinants of FDI in the Central and Eastern Europe: The Impact of the European Integration

EIRP Proceedings

卷:10

Hanna Makhavikova¹ 

[1] Otto-von-Guericke University Magdeburg;

关键词: FDI;    transition economies;    EU accession;    panel econometrics;   

DOI  :  

来源: DOAJ

【 摘 要 】

The amount of FDI inflows to the Central and Eastern Europe increased dramatically during thelast two decades. This article is aimed at identifying the ability of the Central Eastern European countries toattract FDI in the context of European integration, and at estimating the most important factors that influencethe decision of foreign investors to invest in the region. Despite the broad research has been devoted to definethe FDI determinants, the literature dealing in particular with the role of the European Union in themobilization of FDI is rather scarce, and these findings are very discrepant. In order to understand factors thatinfluence the location of FDI, we employ an empirical model for the period of 1992-2013 for twenty CEEcountries. This study reveals that the most important determinants of FDI in CEECs are the market size, costof labor and the European integration. The results of the research can be used to estimate the effect on FDIinflows from a prospective additional Eastern expansion of the EU by the countries currently not within theEU.

【 授权许可】

Unknown