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Author:Clausing, K.A.
Dorobantu, C.L.
Title:Re-entering Europe: Does European Union candidacy boost foreign direct investment?
Journal:Economics of transition
2005 : VOL. 13:1, p. 77-103
Index terms:Central Europe
Eastern Europe
Transition economies
Freeterms:EU accession
EU candidacy
Language:eng
Abstract:This paper examines the ability of the Central and Eastern European countries to attract foreign direct investment during the first decade of transition. After considering a model of profit maximizing companies, we undertake an empirical investigation of the factors that determine multinational companies' location decisions within Europe. This paper also examines the effect of key European Union announcements regarding the accession process. Results denote that announcements had statistically significant and quantitatively important effects on foreign direct investment in the Central and Eastern European candidate countries.
SCIMA record nr: 257777
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