Since 2014
The Determinants of FDI Flows from the EU‐15 to the Visegrad Group Countries – A Panel Gravity Model Approach
Entrepreneurial Business and Economics Review
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| Title |
The Determinants of FDI Flows from the EU‐15 to the Visegrad Group Countries – A Panel Gravity Model Approach
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| Creator |
WOJCIECHOWSKI, Liwiusz; Cracow University of Economics
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| Subject |
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Visegrad countries (V4); FDI; gravity theory; panel C33; F21 |
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| Description |
The objective of this paper is to evaluate determinants of the general FDI flow to Visegrad countries and the effect of participation in EMU and EU. It was decided to investigate how augmented Gravity Model of trade allows identifying and evaluating the significance of pull and push factors of FDI. In an empirical analysis of panel data Hausman‐Taylor estimator was used because of the time‐invariant variables presence. While investment decisions regarding the choice of country are determined by the size of the target market, the distance is still a negative factor in creation of FDI volume. Additionally, it was proven that membership in EMU, differences in taxation, historical background, access to the sea and prices stability have significant impact of FDI stock formation in each country belonging to V4. Is was also noted that Poland became a leader of the V4 as well as EU‐12 FDI market sourcing from the old EU Member States. It is necessary to develop an “FDI attracting mechanism” using existing resources. Business regulations and taxation policy as well as main macroeconomic variables which are responsible for the economy standing are also examined as attracting the FDI flow. The originality of this work lies in studying some aspects of FDI inflow into the group of both similar and different countries in economic measures terms.
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| Publisher |
Cracow University of Economics
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| Contributor |
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| Date |
2013-03-12
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://www.eber.uek.krakow.pl/index.php/eber/article/view/2
10.15678/EBER.2013.010102 |
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| Source |
Entrepreneurial Business and Economics Review; Vol 1, No 1 (2013): Global Opportunities and Local Businesses; 7-22
2353-8821 2353-883X |
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| Language |
eng
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| Relation |
http://www.eber.uek.krakow.pl/index.php/eber/article/view/2/2
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| Rights |
Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a CC BY-NC-ND licence that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are asked to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access). We advise to use any of the following reserach society portals:ResearchGateSSRNAcademia.eduSelected WorksAcademic Search
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