The determinants and impact of foreign direct investment in Central and Eastern Europe: A comparison of survey and econometric evidence

5953 7 70488 2 195163 document 70488 iteiit21v9n3_en.pdf application/pdf ca4da72c0f75b4f62e8d8e80fedb8ba0 MD5 868171 2016-08-29 13:47:06 https://pure.iiasa.ac.at/id/eprint/5953/1/iteiit21v9n3_en.pdf 5953 1 1 application/pdf text en public cc_by

iteiit21v9n3_en.pdf

published 70489 2 195171 document 70489 lightbox.jpg image/png 5fb221b8dfa0a83b4924b75ecaf66fcd MD5 12036 2016-08-29 13:57:20 https://pure.iiasa.ac.at/id/eprint/5953/2/lightbox.jpg 5953 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/70488 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/70488 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/70488 archive 351 disk0/00/00/59/53 2016-01-15 02:11:42 2021-08-27 17:37:02 2016-01-15 02:11:42 article show Benacek V. 1747 Gronicki M. Holland D. Sass M. The determinants and impact of foreign direct investment in Central and Eastern Europe: A comparison of survey and econometric evidence pub iis_ecn prog_eti This note considers evidence that has been collected on the determinants and effects of foreign direct investment in Central and Eastern Europe, with a strong focus on Hungary, Poland and the Czech Republic. There are two main sources from which information is drawn: survey studies and econometric studies. We consider how each of these sources can contribute to research, whether they provide complementary or contradictory information, and how the information can be best exploited. We conclude that the findings of econometric studies tend to support survey results. This suggests that market size and growth potential have been the driving forces behind foreign direct investment, with factor-cost advantages playing a lesser, but still significant role. Macroeconomic and political stability were also taken into account. Investment incentives have not had a decisive influence on foreign direct investment inflows; however, the privatization process has affected the timing of foreign direct investment. Access to markets has been the primary motive for foreign direct investment; however, the absence of trade barriers and membership in free trade areas have been important for export-oriented investments. Foreign direct investment inflows have improved the overall growth potential of the economies under consideration, primarily through productivity improvements within foreign affiliates, rather than through linkages with domestic firms or spillovers. 2000 published UNCTAD United Nations Conference on Trade and Development http://unctad.org/en/Docs/iteiit21v9n3_en.pdf XJ-00-094 Transnational Corporations; 9(3):163-212 [2000] 1146 public Transnational Corporations 9 3 163-212 TRUE 1014-9562 FALSE info:eu-repo/semantics/article