Determinants of foreign direct investments in central and eastern Europe: The transition's balance sheet;Déterminants des investissements directs étrangers en Europe centrale et orientale. Un bilan de la transition

Revue d'Etudes Comparatives Est-Ouest

Volumn 39, Issue 2, 2008, Pages 201-238

  Lefilleur, Julien ^a  

^a UNIVERSITÉ PARIS 1 PANTHÉON SORBONNE   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 47549107305     PISSN: 03380599     EISSN: None     Source Type: Journal    
DOI: 10.4074/s033805990800209x     Document Type: Review

References (101)

1. ABILAVA H. (2006), Explaining Foreign Direct Investment in Transition, National University of Kyiv-Mohyla Academy, mimeo.
2. ALESSANDRINI S. (2000), The EU Foreign Direct Investments in Central and Eastern Europe, Milano: Giuffrè Editore.
3. ALTOMONTE C. (2007), « Regional Economic Integration and the Location of Multinational Firms », Weltwirtschaftiches Archiv, 143 (2), pp. 277-305.
4. ALTOMONTE C. & GUAGLIANO C. (2003), « The Location of FDI in Central and Eastern Europe vs. the Mediterranean Countries », Economic Systems, 27, pp. 223-246.
5. ALTOMONTE C. & RESMINI L. (2001), Multinational Corporations as Catalyst for Industrial Development: The Case of Poland, William Davidson Institute, Working Paper 368.
6. ANTALÓCZY K. & SASS M. (200), Foreign direct investment incentive policies in the Czech Republic, Estonia, Hungary, Poland, Slovakia and Slovenia, Hungarian Academy of Science - Institute of Economics, mimeo.
7. ALTZINGER W. (1998), Austria's Foreign Direct Investment in Central and Eastern Europe: "Supply Based" or "Market Driven "?, Vienna University of Economics and Business Administration, Working Paper 57.
8. ALTZINGER W. (2000), « Scope and Structure of Austria's Foreign Direct Investment in Eastern Europe », in G. Petrakos, ed., Integration and Transition in Europe, London: Routledge Publishing, pp. 320-351.
9. ALTZINGER W., FIDRMUC J. & MAIER G., (1998), « Crossborder Development in the Vienna-Bratislawa-Region: A Review », in U. Graute, ed., Sustainable Development for Central and Eastern Europe - Spatial Development in the European Context, Wien-Berlin-New York: Springer-Verlag Publishing, pp. 89-114.
10. AUBIN C., BERDOT J.-P, GOYEAU D. & LÉONARD, J. (2006), « Investissements directs américains et européens dans les PECO: quel rôle des effets de change », Revue économique, 57 (4), pp. 771-792.
11. BALÁŽ V. & WILLIAMS A.M. (2001), « Capital mobility in transition countries of Central Europe: Macroeconomic performance factors and structural policies », Ekonomický časopis, February, pp. 242-271.
12. BANDELJ N. (2002), « Embedded Economies: Social Relations as Determinants of Foreign Direct Investment in Central and Eastern Europe », Social Forces, 81 (2), pp. 411-44.
13. Banque Nationale d'Autriche (1995-2002), « Austrian Outward and Inward Direct Investment », in Focus on Austria, Wien.
14. BARTHA A. & KLAUBER M., (2000), « Infrastruktúra és egyes régiók gazdasági fejlödése » (Infrastructures et développement économique de certaines régions), Ipari Szemle, 1, pp. 10-13.
15. BECKER S.O., EKHOLM K., JÄCKLE R. & MUENDLER M.A. (2005), « Location Choice and Employment Decision: A Comparison of German and Swedish Multinationals, Weltwirtschaftliches Archiv, 141(4), pp. 693-731.
16. BELLAK C. & LEIBRECHT M. (2007), « Do low corporate income tax rates attract FDI? Evidence from Eight Central- and East European Countries », Applied Economics, à paraître.
17. BENACEK V., GRONICKI M., HOLLAND D. & SASS M. (2000), « The Determinants and Impact of Foreign Direct Investment in Central and Eastern Europe: A Comparison of Survey and Econometric Evidence », Transnational Corporations, 9 (3), pp. 163-212.
18. BERD (1994), Transition Report 1994: Foreign Direct Investment, London.
19. BERD (1995), Transition Report 1995: Investment and Enterprise Development, London.
20. BEVAN A. & ESTRIN S. (2004), « The determinants of Foreign Direct Investment into European Transition Economies », Journal of Comparative Economics, 32(2), pp. 775-787.
21. BEVAN A., ESTRIN S. & MEYER K. E. (2004), « Institution Building and the Integration of Eastern Europe in International Production », International Business Review, 13(1), pp. 43-64.
22. BITZENIS A. (2003), « Did Financial Incentives Affect Foreign Direct Investment (FDI) Inflows in Bulgaria », South Eastern Europe Journal of Economics, 1, pp. 65-84.
23. BORRMANN C., JUNGNICKEL R. & KELLER D. (2005), What gravity models can tell us about the position of German FDI in Central and Eastern Europe, HWWA, Discussion Paper 328.
24. BORSOS J. & ERKKILÄ M. (1995), Foreign Direct Investment and Trade Flows between the Nordic Countries and the Baltic States, ETLA, Working Paper 540.
25. BOSHNAKOV V., GOEV V., MINCHEV V. & TSENOVA KNUDSEN T. (2002), « Determinants of European Union Enterprises Relocation in Bulgaria », Economic Thought, 7, pp. 56-72.
26. BOUDIER-BENSEBAA F. (2005), « Agglomeration Economies and Location Choice: Foreign Direct Investment in Hungary », Economics of Transition, 13(4), pp. 605-628.
27. BRACONIER H. & EKHOLM K. (2000), « Swedish Multinationals and Competition from High and Low-Wage Locations », Review of International Economics, 8(3), pp. 448-461.
28. BRENTON P., DI MAURO F. & LÜCKE M. (1999), « Economic Integration and FDI: An Empirical Analysis of Foreign Investment in the EU and in Central and Eastern Europe », Empirica 26, pp. 95-121.
29. BRINDUSA A. (2006), Foreign Direct Investment in Transition Countries: A Dynamic Analysis at Firm Level, Universitat Autònoma de Barcelona, mimeo.
30. BRZOZOWSKI M. (2006), « Exchange Rate Variability and Foreign Direct Investment: Consequences of EMU Enlargement », Eastern European Economics, 44(1), pp. 5-24.
31. BUCH C.M. & KLEINERT J. (2006), Who Goes East? The Impact of Enlargement on the Patterns of German FDI, IAW, Working Paper 24.
32. CAETANO J., GALEGO A., VAZ E., VIEIRA C. & VIEIRA, I. (2002), The Eastward Enlargement of the Eurozone Trade and FDI, Ezoneplus Working Paper no 7.
33. CAMPOS F.N. & KINOSHITA Y. (2003), Why FDI go where it goes? New Evidence from the Transition Economies, CEPR, Discussion Paper 3984.
34. CARSTENSEN K. & TOUBAL F. (2004), « Foreign Direct Investment in Central and Eastern European Countries: A Dynamic Panel Analysis », Journal of Comparative Economics 32(1), pp. 3-22.
35. CLAESSENS S., OKS D. & POLASTRI R. (2000), « Capital Flows to Central and Eastern Europe and the Former Soviet Union », in S. Edwards, ed., Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, Chicago-London: University of Chicago Press, pp. 299-339,
36. CLAUSING K.A. & DOROBANTU C.L. (2005), « Re-entering Europe: Does European Union candidacy boost foreign direct investment? », The Economics of Transition, 13(1), pp. 77-103.
37. DEDEK F. & NOVAK J. (1998), Raziskava podjetij s tujim in mešanim kapitalom (Recherche sur les entreprises à capitaux étrangers et mixtes), Ljubljana: Trade and Investment Promotion Office/Gral iteo - Marketing Research, mimeo.
38. DISDIER A.C. & MAYER T. (2004), « How Different is Eastern Europe? Structure and determinants of location choices by French firms in Eastern and Western Europe », Journal of Comparative Economics 32(2), pp. 280-296.
39. DJANKOV S. & HOEKMAN B. (2000), « Foreign Investment and Productivity Growth in Czech Enteprises », World Bank Economic Review, 14(1), pp. 49-64.
40. DUPUCH S. & MILAN C. (2005), « Les déterminants des investissements directs européens dans les pays d'Europe centrale et orientale », L'Actualité Économique, 81(3), pp. 521-534.
41. EDMISTON K., MUDD S. & VALEV N. (2003), « Tax Structures and FDI: The Deterrent Effects of Complexity and Uncertainty », Fiscal Studies, 24(3), pp. 341-359.
42. FOAD H.S. (2007), Export- Oriented FDI, the Euro, and EU Enlargement, San Diego State University - Department of Economics, Working Paper 22.
43. GALEGO A., VIEIRA C. & VIEIRA, I. (2004), « The CEECs as FDI attractors: Are they a menace to the EU periphery? » Emerging Markets Finance and Trade, 40(5), pp. 74-91.
44. GARIBALDI P., MORA N., SAHAY R. & ZETTELMEYER J. (2002), What Moves Capital to Transition Economies?, FMI, Working Paper 02/64.
45. GLAISTER K.W. & ATANASOVA H. (1998), « Foreign Direct Investment in Bulgaria: Patterns and Prospects», European Business Review 98(2), pp. 122-34.
46. GÖRG H.& GREENAWAY D. (2003),« Is There a Potential for Increases in FDI for Central and Eastern European Countries Following EU Accession? », in H. Herrmann & R.E. Lipsey, eds., Foreign Direct Investment in the Real and Financial Sector of Industrial Countries, Berlin: Springer, pp. 165-183.
47. HOLLAND D. & PAIN N. (1998), The Diffusion of Innovations in Central and Eastern Europe: A Study of the Determinants and Impact of Foreign Direct Investment, NIESR, Working Paper 137.
48. HUNYA G. (2004), « FDI in small accession countries: The Baltic states », EIB Papers 9(2), pp. 92-113.
49. INTERSTRATOS (1998), The Internationalization of SMEs: The Interstratos Project, London: Routledge Publishing.
50. JAKLIC A. & ROJEC M. (2002), Integration of Slovenia into EU and global industrial networks: Review of existing evidence, Centre for the Study of Economic and Social Change in Europe, School of Slavonic & East European Studies,University College London, Working Paper 14.
51. JANICKI H.P. & WUNNAVA P.V. (2004), « Determinants of foreign direct investment: Empirical evidence from EU accession candidates », Applied Economics, 36(5), pp. 505-509.
52. JENSEN C., KUKULKA Z. & MALLYA J.S.T (2004), « Are FDI incentive programs a good investment for the host country? An empirical evaluation of the Czech National Incentive Scheme », Transnational Corporations, 13(1), pp. 109-148.
53. JENSEN C. & MEYER K.E. (2005), « International Business and Government Relations in Central and Eastern Europe », in R. Grosse, ed., International Business and Government Relations in the 21st Century, Cambridge: Cambridge University Press, pp. 119-146.
54. JOHNSON S., KAUFMAN D., MCMILLAN J. & WOODRUFF C. (2000), « Why do Firms Hide? Bribes and Unofficial Activity after Communism », Journal of Public Economics, 76, pp. 495-520.
55. KALOTAY K. & HUNYA G. (2000), « Privatisation and FDI in Central and Eastern Europe », Transnational Corporations, 9(1), pp. 39-66.
56. KAMINSKI B. & RIBOUD M. (2000), Foreign Investment and Restructuring: The Evidence from Hungary, World Bank, Technical Paper 453.
57. KAMINSKI B. & SMARZYNSKA B.K. (2001), Foreign Direct Investment and Integration into Global Production and Distribution Networks: The Case of Poland, World Bank, Policy Research Working Paper 2646.
58. KOTTARIDI C., FILIPPAIOS F. & PAPANASTASSIOU M. (2003), The growing attractiveness of Central and Eastern Europe to foreign investors: The case of the new EU member-states, Athens University of Economics and Business, mimeo.
59. KONINGS J. (2001), « The Effects of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies », Economics of Transition 9(3), pp. 619-633.
60. KONINGS J. (2004), « The employment effects of foreign direct investment », EIB Papers, 9(1), pp. 86-108.
61. KONINGS J. & MURPHY A. (2006), « Do Multinational Enterprises Relocate Employment to Low Wage Regions? Evidence from European Multinationals », Weltwirtschaftliches Archiv, 142(2), pp. 267-286.
62. KRÁL P., (2004), Identification and Measurement of Relationships Concerning Inflow of FDI The Case of the Czech Republic, Czech National Bank, Working Paper 2004/05.
63. KRKOSKA L., (2001), Foreign Direct Investment Financing of Capital Formation in Central and Eastern Europe, BERD, Working Paper 67.
64. KURZ C. & WITTKE V. (1998), « Using Industrial Capacities as a Way of Integrating Central-East European Economies, in J. Zysman & A. Schwartz, eds., Enlarging Europe: The Industrial Foundations of a New Political Reality, Berkeley: IAS/University of California Press, pp. 63-95.
65. KUZNECOVS O. & MASLOVS A. (2004), Relative FDI Attractiveness of Eight EU Accession States, SSE Riga, Working Paper 2004:5.
66. LANKES H.P. & STERN N. (1999), « Capital flows to Eastern Europe and the former Soviet Union », in M. Feldstein, ed., International Capital Flows, Chicago and London: University of Chicago Press, pp. 57-97.
67. LANKES H.P. & VENABLES A.J. (1996), « Foreign Direct Investment in Economic Transition: The Changing Pattern of Investments », Economics of Transition, 4(2), pp. 331-347.
68. LANSBURY M., PAIN N. & SMIDKOVA K. (1996a), « Foreign Direct Investment in Central Europe since 1990: An Econometric Study », National Institute Economic Review, 156, pp. 104-113.
69. LANSBURY M., PAIN N. & SMIDKOVA K. (1996b), « The Determinants of Foreign Direct Investment in Central Europe by OECD Countries: An Econometric Analysis », in G. Csádki, G. Fóti & D. Mayes, eds., Foreign Direct Investment and Transition: The Case of The Visegrád Countries, Institute For World Economics of the Hungarian Academy of Sciences, Budapest, pp. 137-159.
70. LEFILLEUR J. (2005), « Vers une régionalisation des échanges commerciaux en Europe centrale et orientale? », Économie internationale, 101, pp. 89-114.
71. LEFILLEUR J. & MAUREL M. (2007), The logics of East-European firms integration: Location close to local inputsuppliers and export markets, Université de Paris I, Document de travail.
72. MANEA J. & PEARCE R. (2004), « Industrial restructuring in economies in transition and TNCs' investment motivations », Transnational Corporations, 13(2), pp. 7-27.
73. MARIN D., LORENTOWICZ A. & RAUBOLD A. (2003), « Ownership, Capital or Outsourcing: What Drives German Investment to Eastern Europe? », in H. Herrmann & R.E. Lipsey, eds., Foreign Direct Investment in the Real and Financial Sector of Industrial Countries, Berlin: Springer Verlag, pp. 147-163.
74. MARTIN R. & SELOWSKY M. (1997), « Policy Performance and Output Growth in the Transition Economies », American Economic Review, 87(2), May, pp. 349-353.
75. MEYER K.E. (1995), « Direct Foreign Investment in Eastern Europe: The Role of Labour Costs », Comparative Economic Studies, 37(4), pp. 69-88.
76. MEYER K.E. (1998), Direct Investment in Economies in Transition, Aldershot, UK and Northampton, MA, USA: Edward Elgar.
77. OCDE (2001), Foreign Direct Investment in Estonia: Experiences and Perspectives, mimeo.
78. OCDE (2002), « Foreign Direct Investment in Slovenia: Trends and Prospects », OECD Investment Policy Reviews: Slovenia, Paris: OCDE.
79. OCDE (2003), Tax Policy Assessment and Design in Support of Direct Investment: A Study in Countries in South East Europe, Paris: OCDE.
80. POURNARAKIS M. & VARSAKELIS N.C. (2004), « Foreign Direct Investment in Central and Eastern European Countries: Do Institutions Matter?, Transnational Corporations 13(2), pp. 77-94.
81. PUSTERLA F. & RESMINI L. (2007), « Where do Foreign Firms Locate in Transition Countries? An empirical investigation », The Annals of Regional Science, 41(4), pp. 835-856.
82. PYE R.K. (1998), « Foreign Direct Investment in Central Europe-Experiences of Major Western Investors », European Management Journal, 16(4), pp. 378-389.
83. RALUCA STOIAN C. & VICKERMAN R. (2006), « The Interplay between Foreign Direct Investment, Security and European Integration: The Case of the Central and Eastern European Countries », Journal of International Business and Economics, 5, pp. 152-168.
84. RASCIUTE S., PENTECOST E.J. & MARQUES H. (2007), An Empirical Investigation of the Determinants of the Location of Foreign Direct Investment in the Central and Eastern European Countries Using Multilevel Data, Loughborough University, Working Paper 2007/22.
85. REILJAN E. (2002), « Analysis of Foreign Direct Investment Determinants in Estonia », Journal of East-West Business, 8(3/4), pp. 103-121.
86. RESMINI L. (2000), « The Determinants of Foreign Direct Investment in the CEECs: New Evidence from Sectoral Patterns », The Economics of Transition, 8(3), pp. 665-689.
87. RESMINI L. (2007), « Regional Patterns of Industry Location in Transition Countries: Does Economic Integration with the European Union Matter? », Regional Studies, 41(6), pp. 747-764.
88. SASS M. (2004), « FDI in Hungary - The first mover's advantage and disadvantage, EIB Papers 9(2), pp. 62-90.
89. SHEPOTYLO O. (2007), Regional Governance Infrastructure: The Positive Externality on the Inflow of Foreign Direct Investment, Kyiv Economic Institute, Working Paper.
90. SGARD J. (2001), Direct Foreign Investments and Productivity Growth in Hungarian Firms, 1992-1999, CEPII, Document de travail no 19.
91. SINN H.W. & WEICHENRIEDER A.J. (1997), « Foreign Direct Investment, Political Resentment and the Privatization Process in Eastern Europe », Economic Policy, 24, pp. 179-210.
92. SMARZYNSKA B.K. (2004), « Composition of Foreign Direct Investment and Protection of Intellectual Property Rights: Evidence from Transition Economies », European Economic Review, 48(1), pp. 39-62.»
93. SMARZYNSKA B.K. (2006), « Technological Leadership and Foreign Investors' Choice of Entry Mode », in B. Hoekman & B. Javorcik, eds., Global Integration and Technology Transfer, Washington, DC: World Bank and New York: Palgrave Macmillan.
94. SMARZYNSKA B.K. & Wei S.J. (2001), Corruption and Composition of Foreign Direct Investment: Firm-Level Evidence, CID, Working Paper 60.
95. STANKOVSKY J.(1996), « Direktinvestitionen in Osteuropa: Österreich auf dem Rückzug? » WIFO Monatsberichte, 5, pp. 349-353.
96. SZALAVETZ A. & LÜCKE M. (1999), « Export Reorientation and Transfer of Know-how and Technology-The case of Hungarian Manufactured Exports », in M. Fritsch & H. Brezinski, eds., Innovation and Technological Change in Eastern Europe, Cheltenham: Edward Elgar, pp. 123-141.
97. TØNDEL L. (2001), Foreign Direct Investment During Transition, Determinants and Patterns in Central and Eastern Europe and the Former Soviet Union, CMI, Working Paper 9.
98. TOUBAL F. (2004), « Localisation des firmes multinationales allemandes dans les pays d'Europe de l'Est », Économie et prévision, 163, pp. 75-86.
99. VARBLANE U. & ZIACIK T.L. (2000), « The Role of Government in Creating a Favorable Investment Climate to Foreign Investors: The Case of Estonia », Journal of Business Research, 2.
100. WALKENHORST P. (2004), « Economic Transition and the Sectoral Patterns of Foreign Direct Investment », Emerging Markets Finance and Trade, 40(2), pp. 5-26.
101. ZIACIK T. (2000), An assessment of the Estonian investment climate: Results of a survey of foreign investors and policy implications, Bank of Finland, Institute for Economies in Transition - BOFIT, Discussion Paper 3.