Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73145
Authors: 
Leibrecht, Markus
Riedl, Aleksandra
Year of Publication: 
2012
Series/Report no.: 
University of Lüneburg Working Paper Series in Economics 239
Abstract: 
Based on a spatially augmented gravity model the current paper isolates spatial interrelationships in Foreign Direct Investment (FDI) to Central and Eastern European Countries (CEECs) not only across the destination but also across the origin country dimension of FDI. Results show that: (i) spatial interrelationships across destination countries are present and are consistent with the predominance of vertical-complex FDI in total FDI; (ii) spatial correlation across origin countries is given in earlier years of transition, while demonstration and competition effects cancel over the whole sample period; and (iii) agglomeration forces gain in importance for FDI to CEECs.
Subjects: 
Foreign Direct Investment
Spatial Econometrics
Central and Eastern Europe
Third country effects
JEL: 
C33
F21
Document Type: 
Working Paper

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