The impact of FDI on economic growth: An analysis for the transition countries of central and Eastern Europe

Contributions to Economics

Volumn , Issue , 2006, Pages 1-196

  Neuhaus, Marco ^a  

^a NONE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77950426547     PISSN: 14311933     EISSN: None     Source Type: Book Series    
DOI: 10.1007/3-7908-1735-X-1     Document Type: Article

References (129)

1. Acemoglu D (2003) Direct Technical Change. Review of Economic Studies 69
2. Acemoglu D (2003) Labour- and Capital-Augmenting Technical Change. Journal of the European Economic Association 1
3. Aghion P, Howitt P (1992) A Model of Growth through Creative Destruction. Econometrica 60
4. Aghion P, Howitt P (1998) Endogenous Growth Theory. The MIT Press, Cambridge
5. Anderson TW, Hsiao C (1981) Estimation of Dynamic Models with Error Components. Journal of the American Statistical Association 76
6. Anderson TW, Hsiao C (1982) Formation and Estimation of Dynamic Models Using Panel Data. Journal of Econometrics 18
7. Arellano M, Bover O (1995) Another Look at the Instrumental Variable Estimation of Error-Components Models. Journal of Econometrics 68
8. Balasubramanyam VN, Salisu MA, Sapsford D (1996) Foreign Direct Investment and Growth: New Hypotheses and Evidence. Lancaster University Economics Discussion Paper Series EC7/96
9. Balasubramanyam VN (2001) Foreign Direct Investment in Developing Countries: Determinants and Impact. Presented at the OECD Global Forum on International Investment: New Horizons and Policy Challenges for Foreign Direct Investment in the 21st Century, 26-27 November 2001, Mexico
10. Baldwin RE, Francois JF, Portes R (1997) The Costs and Benefits of Eastern Enlargement: The Impact on the EU and Central Europe. Economic Policy 24
11. Baldwin RE (2003) Openness and Growth: Whats the Empirical Relationship? NBER Working Paper 9578
12. Baltagi BH (2001) Econometric Analysis of Panel Data. 2nd edition, John Wiley and Sons, Chichester
13. Barrell R, Pain N (1999a) Trade Restraints and Japanese Direct Investment Flows. European Economic Review 43
14. Barrell R, Pain N (1999b) Domestic Institutions, Agglomerations and FDI in Europe. European Economic Review 107
15. Barrell R, Holland D (2000) Foreign Direct Investment in Central European Manufacturing. In: Weresa M (ed) Foreign Direct Investment in Transition Economies: The Polish Case
16. Barro RJ (1991) Economic Growth in a Cross-Section of Countries. Quarterly Journal of Economics 106(2)
17. Barro RJ, Lee JW (1994) Sources of Economic Growth (with Comments from Nancy Stokey). Carnegie-Rochester Conference Series on Public Policy 40
18. Barro RJ, Lee JW (2000) International Data on Educational Attainment: Updates and Implications. CID Working Paper 42
19. Barro RJ, Sala-i-Martin X (1992) Convergence. Journal of Political Economy 100(2)
20. Barro RJ, Sala-i-Martin X (2004) Economic Growth. 2nd. ed., The MIT Press, Cambridge
21. Bassanini A, Scarpetta S, Hemmings P (2001) Economic Growth: The Role of Policies and Institutions. Panel Data Evidence from OECD Countries. OECD Working Paper 283
22. Ben-David D (1993) Equalizing Exchange: Trade Liberalization and Income Convergence. Quarterly Journal of Economics 108(3)
23. Bergstrand J (1995) The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence. Review of Economics and Statistics 67
24. Bevan AA, Estrin S (2000) The Determinants of FDI in Transition Economies. CEPR Discussion Paper 2638
25. Blundell R, Bond S (1998) Initial Conditions and Moment Restrictions in Dynamic Panel Data Models. Journal of Econometrics 87(1)
26. Bod P (1997) German Capital in Hungary: Is there a Special Relationship? The University of Birmingham Institute for German Studies Discussion Paper IGS97/4
27. Bond SR, Hoeffler A, Temple J (2001) GMM Estimation of Empirical Growth Models. CEPR Discussion Paper 3048
28. Bond S, Leblebicioglu A, Schiantarelli F (2004) Capital Accumulation and Growth: A New Look at the Empirical Evidence. mimeo., Boston College
29. Borensztein E, De Gregorio J, Lee JW (1998) How does FDI affect Economic Growth? Journal of International Economics 45
30. Brainard SL (1997) An Empirical Assessment of the Proximity- Concentration Trade-Off between Multinational Sales and Trade. American Economic Review 87
31. Brems H (1970) A Growth Model of International Direct Investment. American Economic Review 60
32. Breusch TS (1978) Testing for Autocorrelation in Dynamic Linear Models. Australian Economic Papers 17
33. Breusch TS, Pagan AR (1979) A Simple Test for Heteroscedasticity and Random Coefficient Variation. Econometrica 50
34. Bruno M, Easterly W (1998) Inflation Crises and Long-Run Growth. Journal of Monetary Economics 41(1)
35. Campos NF, Kinoshita Y (2003) Why Does FDI Go Where it Goes? New Evidence from the Transition Economies. IMF Working Paper WP/03/228
36. Carstensen K, Toubal F (2003) Foreign Direct Investment in Central and Eastern European Economies: A Dynamic Panel Data Analysis, Kiel Institute for World Economics Working Paper 1143
37. Cass D (1965) Optimum Growth in an Aggregative Model of Capital Accumulation. Review of Economic Studies 32
38. Caselli F, Esquivel G, Lefort F (1996) Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics. Journal of Economic Growth 1(3)
39. Caves RE (1982) Multinational Enterprise and Economic Analysis. Cambridge
40. Caves RE (1996) Multinational Enterprise and Economic Analysis. 2nd edition, Cambridge
41. Dixit AK, Stiglitz JE (1977) Monopolistic Competition and Optimum Product Diversity. American Economic Review 67
42. Dollar D (1992) Outward-Oriented Developing Economies Really do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985 Economic Development and Cultural Change 40
43. Dougherty C, Jorgenson DW (1996) International Comparisons of the Sources of Economic Growth. American Economic Review 86(2)
44. Dunning JH (1977) Trade, Location of Economic Activity and MNE: A Search for an Eclectic Approach. In: Ohlin B, Hesselborn P, Wijkman P (eds) The International Allocation of Economic Activity. London
45. Dunning JH (1981) International Production and the Multinational Enterprise. London
46. Dunning J (1993) Multinational Enterprises and the Global Economy. Addison-Wesley
47. Durbin J (1970) Testing for Serial Correlation in Least Squares Regressions when some of the Regressors are Lagged Dependent Variables. Econometrica 38
48. Edwards S (1993) Openness, Trade Liberalization, and Growth in Developing Countries. Journal of Economic Literature 31(3)
49. Edwards S (1998) Openness, Productivity and Growth: What Do We Really Know? Economic Journal 108
50. European Bank of Reconstruction and Development (EBRD) (1999) Transition Report 1999 - Ten Years of Transition. London
51. European Bank of Reconstruction and Development (EBRD) (2003) Transition Report 2003 - Integration and Regional Cooperation. London
52. Evans P (1997) How fast do Economies Converge? The Review of Economics and Statistics 79
53. Feenstra RC, Markusen JR (1995) Accounting for Growth with new Intermediate Inputs. International Economic Review 35
54. Findlay R (1978) Backwardness, Direct Foreign Investment, and the Transfer of Technology: A Simple Dynamic Model. Quarterly Journal of Economics 92
55. Frankel M (1962) The Production Function in Allocation and Growth: A Synthesis. American Economic Review 52
56. Frankel JA, Romer D (1999) Does Trade cause Growth: Cause and Effect? American Economic Review 89
57. Garibaldi P, Mora N, Sahay R, Zettelmeyer R (2002) What Moves Capital to Transition Economies, IMF Working Papers WP/02/64
58. Godfrey LG (1978) Testing against General Autoregressive and Moving Average Error Models when the Regressors Include Lagged Dependent Variables. Econometrica 46
59. Granger CWJ (1969) Investigating Causal Relations by Econometric Models and Cross-Spectral Methods. Econometrica 37
60. Granger CWJ, Newbold P (1974) Spurious Regressions in Econometrics. Journal of Econometrics 2
61. Gray CW (1996) In Search of Owners: Lessons of Experience with Privatisation and Corporate Governance in Transition Economies. World Bank Policy Research Working Paper 1595
62. Greene WH (1997) Econometric Analysis. 3rd edition, Prentice-Hall, New Jersey
63. Grossman GM, Helpman E (1991) Innovation and Growth in the Global Economy. The MIT Press, Cambridge
64. Harrison A (1995) Openness and Growth: A Time-Series, Cross-Country Analysis for Developing Countries. NBER Working Paper 5732
65. Hsiao C (2003) Analysis of Panel Data. 2nd edition, Cambridge University Press, Cambridge
66. Hunya G (1997) Large Privatisation, Restructuring and Foreign Direct Investment. In: Zecchini S (ed) Lessons From The Economic Transition: Central and Eastern Europe in the 1990s, OECD and Kluwer Academic Publishers
67. International Monetary Fund (IMF) IMF Country Reports. Washington
68. Inada KI (1963) On a Two-Sector Model of Economic Growth: Comments and a Generalization. Review of Economic Studies 30
69. Islam N (1995) Growth Empirics: A Panel Data Approach. Quarterly Journal of Economics 110
70. Jarque CM, Bera AK (1980) Efficient Tests for Normality, Homoscedasticity and Serial Independence of Regression Residuals. Economic Letters 6
71. Johansen S (1988) Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control 12
72. Johnston J, DiNardo J (1997) Econometric Methods. 4th edition, McGraw-Hill, New York
73. Jorgenson DW, Griliches Z (1967) The Explanation of Productivity Change. Review of Economic Studies 34
74. Jorgenson DW, Gollop FM, Fraumeni BM (1987) Productivity and US Economic Growth. Harvard University Press, Cambridge
75. Jones CI (1995) Time Series Tests of Endogenous Growth Models. Quarterly Journal of Economics 110(2)
76. Jun KW, Singh H (1996) The Determinants of FDI: New Empirical Evidence. Transnational Corporations 5
77. Kaldor N (1963) Capital Accumulation and Economic Growth. In: Lutz FA, Hague DC (eds) Proceedings of a Conference held by the International Economics Association, London
78. Koopmans TC (1965) On the Concept of Optimal Economic Growth. In: The Econometric Approach to Development Planning, Amsterdam
79. Krelle W (1957) Bestimmungsgründe der Einkommensverteilung in der modernen Wirtschaft. In: Einkommensbildung und Einkommensverteilung, Schriften des Vereins für Socialpolitik 13
80. Lankes HP, Venables AJ (1996) FDI in Economic Transition: The Changing Pattern of Investments. Economics of Transition 4
81. Lansbury M, Pain N, Smidkova K (1996a) Foreign Direct Investment in Central Europe since 1990: An Econometric Study. National Institute Economic Review 156
82. Lansbury M, Pain N, Smidkova K (1996b) The Determinants of Foreign Direct Investment in Central Europe by OECD countries: An Econometric Analysis. In: Cski G, Fti G, Mayes D (eds) Foreign Direct Investment and Transition: The Case Of The Visegrd Countries, Institute for World Economics of the Hungarian Academy of Sciences, Budapest
83. Lee K, Pesaran MH, Smith R (1997) Growth Convergence in a Multi- Country Empirical Stochastic Solow Model. Journal of Applied Econometrics 12
84. Levine R, Renelt D (1992) A Sensitivity Analysis of Cross-Country Growth Regressions. American Economic Review 82
85. Lucas RE (1988) On the Mechanics of Development. Journal of Monetary Economics 22
86. Mankiw NG, Romer D, Weil DN (1992) A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics 107
87. Markusen J (1995) The Boundaries of Multinational Enterprises and the Theory of International Trade. Journal of Economic Perspectives 9
88. Marquetti A (2002) Extended Penn World Tables
89. Merlevede B, Schoors K (2004) Determinants of Foreign Direct Investment in Transition Economies. CERISE, Gent University, manuscript
90. Meyer KE (1996) Business Operation of British and German Companies with the Economies of Transition. CIS Middle Europe Centre, London Business School Department Series 19, mimeo
91. Organization for Economic Cooperation and Development (OECD) (1994-2002) OECD Employment Outlook, Paris
92. Organization for Economic Cooperation and Development (OECD) (1999) OECD Benchmark Definition of FDI. 3rd edition, Paris
93. Organization for Economic Cooperation and Development (OECD) (2002) OECD Economic Outlook - Annual and Semiannual Data 71, Paris
94. Oxford Economic Forecasting (OEF) (2002) Global Model Database. Oxford
95. Pesaran MH, Smith RP (1995) Estimating Long-Run Relationships from Dynamic Heterogeneous Panels. Journal of Econometrics 68
96. Pesaran MH, Shin Y, Smith RP (1999) Pooled Mean Group Estimation of Dynamic Heterogeneous Panels. Journal of the American Statistical Association 94
97. Pournarakis M, Varsakelis NC (2004) Institutions, Internationalization and FDI: The Case of Economies in Transnational Corporations 13 II
98. Ramsey F (1928) A Mathematical Theory of Saving. Economic Journal 38
99. Ramsey JB (1969) Test for Specification Errors in Classical Linear Least- Squares Analysis. Journal of the Royal Statistical Association Series B 71
100. Rebelo S (1991) Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy 99
101. Resmini L (1999) The Determination of FDI into the CEECs: New Evidence from Sectoral Patterns. LICOS Centre for Transition Economics, Belgium
102. Richter R, Schlieper U, Friedmann W (1981) Makröokonomik: Eine Einführung. 4th edition, Springer, Berlin Heidelberg New York
103. Rodriguez F, Rodrik D (2000) Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence. In: Bernanke BS, Rogoff K (eds) NBER Macroeconomics Annual 2000, 15, The MIT Press, Cambridge
104. Rogoff K (1996) The Purchasing Power Parity Puzzle. Journal of Economic Literature 34
105. Romer PM (1986) Increasing Returns and Long-Run Growth. Journal of Political Economy 94
106. Romer PM (1990) Endogenous Technological Change. Journal of Political Economy 94 V
107. Romer PM (1993) Idea Gaps and Object Gaps in Economic Development. Journal of Monetary Economics 32
108. Sachs F, Warner A (1995) Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity 1995 I
109. Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (2002) Zwanzig Punkte für Beschäftigung und Wachstum. Jahresgutachten 2002/2003, Wiesbaden
110. Sala-i-Martin X (1996) The Classical Approach to Convergence Analysis. Economic Journal 106
111. Sala-i-Martin X (1997) I Just Ran Four Million Regressions. NBER Working Paper 6252
112. Sala-i-Martin X (2002) 15 Years of New Growth Economics: What Have We Learnt? Manuscript, Universitat Pompeu Fabra
113. Schumpeter JA (1934) The Theory of Economic Development. Cambridge, Harvard University Press
114. Sedmihradsky M, Klazar S (2002) Tax Competition for FDI in Central- European Countries. CESifo Working Paper 647
115. Shin Y (1998) Pooled Maximum Likelihood & Mean Group Estimation of Dynamic Heterogeneous Panel Data Models. GAUSS application, University of Cambridge
116. Solow RM (1956) A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics 70
117. Solow RM (1957) Technical Change and the Aggregate Production Function. Review of Economics and Statistics 39
118. Spence M (1976) Product Selection, Fixed Costs, and Monopolistic Competition. Review of Economic Studies 43 II
119. Studenmund AH (2001) Using Econometrics: A Practical Guide. 4th edition, Addison Wesley Longman, New York
120. Summers R, Heston A, Aten B (2001) Penn World Table Version 6.0. Center for International Comparisons at the University of Pennsylvania (CICUP)
121. Swan TW (1956) Economic Growth and Capital Accumulation. Economic Record 32
122. Temple J (1999) The New Growth Evidence. Journal of Economic Literature 37
123. Thörnqvist L (1936) The Bank of Finland's Consumption price Index. Bank of Finland Monthly Bulletin 10
124. United Nations Conference on Trade and Development (UNCTAD) (2004) UNCTAD Foreign Direct Investment Database. www.unctad.org
125. Verbeek M (2000) A Guide to Modern Econometrics. Wiley, Chichester
126. Wheeler D, Mody A (1992) International Investment Location Decisions: The Case of US firms. Journal of International Economics 33
127. White H (1980) A Heteroscedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroscedasticity. Econometrica 40
128. Wooldridge JM (2003) Introductory Econometrics: A Modern Approach. 2nd edition, Thomson South Western, Mason
129. World Bank (2004) World Development Indicators 2004. Washington