Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68109
Authors: 
Stoian, Carmen Raluca
Vickerman, Roger
Year of Publication: 
2005
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 05,09
Abstract: 
A bi-directional relationship between FDI and economic reforms in ten Central European countries is tested, along with the role of the EU in breaking a potential vicious circle of insecurity, little investment, slow reforms, low prospects of EU membership and hence high insecurity. Using panel data regressions and a system of simultaneous equations, we find evidence that the prospect of EU membership has enhanced FDI in the less reformist candidates and that trade integration and increased EU financial assistance have improved FDI in the CEECs.
Subjects: 
Foreign direct investment determinants
economic transition
economic reforms
Central and Eastern Europe
JEL: 
F2
C2
C3
P26
Document Type: 
Working Paper

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