Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175915
Authors: 
Güngör, Hakan
Ogus Binatli, Ayla
Year of Publication: 
2010
Series/Report no.: 
Working Papers in Economics 10/06
Abstract: 
The amount of FDI is increasing than any other international transactions during the last two decades. While countries remove barriers and implement policies to attract FDI inflows, the volume of foreign trade and investment increased .The objective of this paper is to enlighten the impact of EU accession of CEEC countries and Turkey on FDI flows into these countries. We perform Arrenalo-Bond - GMM model for the period of 1990-2009 for Poland, Hungary, Czech Republic, Estonia, Slovakia, Romania, Bulgaria, Turkey Croatia, Macedonia, and Ukraine. The empirical results suggest that as agglomeration effects and trade openness are significant determinants of MNCs' activity during the period, traditional determinants, risk factors, labor cost, and market size are insignificant. In addition, the effect of EU accession prospects is found to be positive and significant.
Subjects: 
European Union
FDI
Turkey
Accession
Candidacy
JEL: 
F23
Document Type: 
Working Paper

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