Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/320195 
Year of Publication: 
2024
Citation: 
[Journal:] The European Journal of Comparative Economics (EJCE) [ISSN:] 1824-2979 [Volume:] 21 [Issue:] 1 [Year:] 2024 [Pages:] 35-63
Publisher: 
University Carlo Cattaneo (LIUC), Castellanza
Abstract: 
This study investigates the determinants of FDI to 12 transition economies in the Commonwealth of Independent States (CIS) by incorporating the market, institutional, and geographic factors, using panel data from 2002 to 2020. We analyze whether and how these factors differ across regions based on country-specific geographic location characteristics. The results of the Prais-Winsten regression with panel-corrected standard errors (PCSEs) show that market size, trade openness, natural resources, institutional quality, and sea access are positively associated with FDI. On the contrary, external debt and landlockedness deter FDI, but the adverse effect of landlockedness may be neutralized by sea access.
Subjects: 
Foreign direct investment
Economic freedom
Landlocked
Sea-access
Transition economies
JEL: 
F15
F21
O53
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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