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Is There an East-West Structure in the Location of FDI in Europe? The Role of Institutions and Political Risk

Research in Economics and Business: Central and Eastern Europe

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Title Is There an East-West Structure in the Location of FDI in Europe? The Role of Institutions and Political Risk
 
Creator Jiménez, Alfredo; University of Burgos
Fuente, Juan Manuel de la; University of Burgos
Durán, Juan José; Autonomous University of Madrid
 
Description The accession of new countries from Eastern Europe to the European Union represents one of the most significant challenges currently facing this political institution. With respect to foreign direct investment (FDI), this enlargement should promote and attract investment and lead to greater uniformity in the factors that motivate it. However, when decisions are taken over FDI location, it cannot be affirmed yet that no differences exist in relation to the region to which the country belongs. This paper, by using a Nested Logit Model and a Conditional Logit Model, studies the existence of an East-West structure in the location of FDI, perceived by multinational enterprises (MNEs) from a late investor country in Europe. The results confirm the existence of such a regional distinction and also the role of political risk, the quality of institutions and host country macroeconomic variables; such as GDP growth, unemployment and population.
 
Publisher Research in Economics and Business: Central and Eastern Europe
 
Contributor —
 
Date 2013-07-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://rebcee.eu/index.php/REB/article/view/6
 
Source Research in Economics and Business: Central and Eastern Europe; Vol 3, No 1 (2011)
1736-9126
1736-9126
 
Language eng
 
Relation http://rebcee.eu/index.php/REB/article/view/6/5
http://rebcee.eu/index.php/REB/article/downloadSuppFile/6/6