How to Catch Foreign Fish? FDI and Privatization in EU Accession Countries
dc.contributor.author | Merlevede, Bruno | en_US |
dc.contributor.author | Schoors, Koen | en_US |
dc.date.accessioned | 2006-08-01T16:21:05Z | |
dc.date.available | 2006-08-01T16:21:05Z | |
dc.date.issued | 2005-08-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2005-785 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/40171 | en_US |
dc.description.abstract | We examine the determinants of FDI stocks of ‘old’ EU-members in ten accession countries. Our partial adjustment framework results in a dynamic panel data analysis. In addition to the traditional variables, such as market potential and unit labour costs, we find institutional development to be a robust determinant of equilibrium FDI stocks. The adjustment towards equilibrium is rapid. The relationship between FDI and the privatization process is complex. Non-direct privatization schemes negatively affect the speed of adjustment, whereas direct privatization strategies positively affect the equilibrium itself. Privatization history increases equilibrium FDI stocks, independently of the method applied. | en_US |
dc.format.extent | 62410 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 301568 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 785 | en_US |
dc.subject | Foreign Direct Investment, Privatisation, Partial Adjustment | en_US |
dc.subject.other | F20, F23, P33 | en_US |
dc.title | How to Catch Foreign Fish? FDI and Privatization in EU Accession Countries | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/40171/3/wp785.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.