Dauti, Bardhyl (2020) INSTITUTIONAL DETERMINANTS OF FOREIGN DIRECT INVESTMENT FLOWS IN TRANSITION ECONOMIES. ECONOMIC VISION - International Scientific Journal in Economics, Finance, Business, Marketing, Management and Tourism, 7 (13-14). pp. 71-86. ISSN 2545- 4544
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Text (INSTITUTIONAL DETERMINANTS OF FOREIGN DIRECT INVESTMENT FLOWS IN TRANSITION ECONOMIES)
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Abstract
This paper tests the institutional determinants of Foreign Direct Investment flows to 5 South East European Countries (SEEC-5) and the 10 New Member States of the European Union countries (EU-NMS-10) by using panel data set for a time span 1994-2018. The study employs an augmented Gravity Model with country specific institutional factors which determine foreign investors’ decisions from 14 core European Union countries to invest into SEE-5 and EU-NMS-10 countries. From the results of the study we found that FDI flows are significantly influenced by both gravity factors (distance, GDP) and non-gravity, mainly efficiency seeking factors (bilateral exports, schooling), as well as institutional factors like: WTO membership, transition progress and governance indicators of rule of law, regulatory quality and political risk.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Foreign Direct Investment, Transition Countries, Institutions, Panel Econometrics, Gravity Model |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Unnamed user with email zshi@unite.edu.mk |
| Date Deposited: | 25 Nov 2020 15:02 |
| Last Modified: | 25 Nov 2020 15:02 |
| URI: | http://eprints.unite.edu.mk/id/eprint/663 |
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