Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39585
Authors: 
Brada, Josef C.
Kutan, Ali M.
Yigit, Taner M.
Year of Publication: 
2004
Series/Report no.: 
ZEI working paper B 33-2004
Abstract: 
This paper examines the effect of transition and of political instability on FDI flows to the transition economies of Central Europe, the Baltics and the Balkans. We find that FDI to transition economies unaffected by conflict and political instability exceed those that would be expected for comparable West European countries. Success with stabilization and reform tends to increase FDI inflows. In the case of Balkan countries, conflict and instability have reduced FDI inflows below what one would expect for comparable West European countries, and reform and stabilization failure have further reduced FDI to the region. Thus the economic costs of instability in the Balkans have been quite high.
Subjects: 
foreing direct investment
transition
political instability
political risk
JEL: 
F21
F23
P52
Document Type: 
Working Paper

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