A Gravity Model Analysis of FDI across EU Member States

Autor:	Alena Dorakh
Rok vydání:	2020
Předmět:	Gravity model of trade Member states European integration Ordinary least squares Economics media_common.cataloged_instance Resizing Foreign direct investment International economics European union General Economics Econometrics and Finance Accession media_common
Zdroj:	Journal of Economic Integration. 35:426-456
ISSN:	1976-5525 1225-651X
DOI:	10.11130/jei.2020.35.3.426
Popis:	While recent debates about European integration focus mainly on the losses from dissolutions, a remarkable rise in foreign direct investment (FDI) in the accession countries has become increasingly evident as a benefit of the European Union (EU) membership, which makes EU membership a key FDI determinant.B y applying an augmented gravity model (rather than standard gravity variables), covering 39 host and home countries over 1991-2017, we investigated specific factors in explaining FDI inflows, with a focus on the new member EU states.E mpirically, we created a series of ordinary least squares and Poisson Pseudo-Maximum-Likelihood models to account for all country-time-specific and country-pair factors.T his paper verifies that EU membership has a positive and significant effect on FDI, between 1991 and 2017 FDI inflows became greater, on average, by approximately 23%.A fter EU enlargement, more FDI came from EU members to the new EU member countries and less came from non-EU member countries.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::44de0015c0363a16f3296a8c3baf059e https://doi.org/10.11130/jei.2020.35.3.426 Zobrazit plný text záznamu