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| Author: | Riedl, A. |
| Title: | Location factors of FDI and the growing services economy Evidence for transition countries |
| Journal: | Economics of transition
2010 : OCT, VOL. 18:4, p. 741-761 |
| Index terms: | foreign investment transition economies service industries stocks models dynamic models panel data |
| Freeterms: | adjustment model location factors sector economy |
| Language: | eng |
| Abstract: | Nowadays the foreign direct investment (FDI) has increasingly shifted toward the service sector, The paper based on FDI stock data from eight new EU member states for the period 19982004 and using a dynamic panel approach allowing the speed of adjustment to the equilibrium investment level to vary across sectors. The Results support the assumption that investment into the service sector, which is characterized by low installation costs, adjusts much faster to its desired level than manufacturing FDI. |
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