The Determinants of European Union (EU) Foreign Direct Investments in the EU Countries from Central and Eastern Europe During 1994–2012

Tang, Donny

dc.contributor.author	Tang, Donny	en
dc.date.accessioned	2017-03-14T09:30:18Z
dc.date.available	2017-03-14T09:30:18Z
dc.date.issued	2017-03-09	en
dc.identifier.issn	1508-2008	en
dc.identifier.uri	http://hdl.handle.net/11089/20862
dc.description.abstract	This study examines whether the CEECs’ financial market development can explain the EU FDI in the CEECs during 1994–2012. The higher bank credit flows had a positive effect on the FDI in 2005–2012. This can be attributed to the major banking sector reforms undertaken before the CEECs’ EU accession. Second, the stock market size had a positive effect in 1997–2004. This is due to the fact that the EU membership announcement facilitated deeper stock market integration. Third, the higher country income, in interaction with a higher bank credit flow, had only a small positive effect in 2005–2012. The higher income CEECs have pursued much deeper bank liberalization through large-scale privatization of state-owned banks. Finally, the higher country income, in interaction with a larger stock market size, had a negative effect in 2005–2012. A possible reason for this is that the EU countries have started to divert their new FDI to the non-EU countries.	en
dc.publisher	Wydawnictwo Uniwersytetu Łódzkiego	en
dc.relation.ispartofseries	Comparative Economic Research;20	en
dc.rights	This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0	en
dc.subject	european integration	en
dc.subject	European Union	en
dc.subject	foreign direct investment	en
dc.subject	financial market	en
dc.title	The Determinants of European Union (EU) Foreign Direct Investments in the EU Countries from Central and Eastern Europe During 1994–2012	en
dc.page.number	75-99	en
dc.contributor.authorAffiliation	Ph.D., Department of Economics, Temple University, United States of America	en
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dc.contributor.authorEmail	dnytng@gmail.com	en
dc.identifier.doi	10.1515/cer-2017-0005	en

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