Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/75444
Autor:innen: 
Erscheinungsjahr: 
1998
Schriftenreihe/Nr.: 
LICOS Discussion Paper No. 76
Verlag: 
Katholieke Universiteit Leuven, LICOS Centre for Transition Economics, Leuven
Zusammenfassung: 
Building on the empirical evidence resulting from a newly developed database of foreign direct investment (FDI) operations in the countries of Central and Eastern Europe (CEECs), panel data techniques are used to show that, at the sector level, a consistent modelling of FDI flows needs to take into account not only the determinants traditionally considered by the literature, including the recent developments on gravity models, but also variables linked to the institutional environment in which the FDI is undertaken. The inclusion of these variables, affecting the risk and the uncertainty of the FDI operation, is in line with the main findings of the real option theory of investments, whose implications are here empirically tested with success.
Schlagwörter: 
panel data
real option theory
gravity models
FDI
transition economies
JEL: 
C23
D81
F15
F21
P20
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
218.33 kB





Publikationen in EconStor sind urheberrechtlich geschützt.