Outward FDI from the economies in transition: the determinants and policy implications

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dc.contributor Helsingin yliopisto, Politiikan ja talouden tutkimuksen laitos: Talous- ja sosiaalihistoria fi
dc.contributor University of Helsinki, Department of Economic and Political Studies: Social and Economic History en
dc.contributor Helsingfors universitet, Institutionen för ekonomi och politik: Ekonomisk och social historia sv
dc.contributor.author Balkarova, Laura
dc.date.accessioned 2010-11-02T11:27:33Z
dc.date.available 2010-11-02T11:27:33Z
dc.date.issued 2010-11-02T11:27:33Z
dc.identifier.uri http://hdl.handle.net/10138/18020
dc.description.abstract Outward FDI from the transition countries (with an exception of the Russian Federation) does not appear to have received much attention from the researchers so far, which has been largely attributed to its small share in the world OFDI. Nevertheless, the internationalisation activities of the enterprises originating in transition economies other than Russia have intensified since the mid-1990s. This paper represents an empirical attempt to analyse the home country determinants of OFDI from the selected transition countries. It assesses the importance of different domestic macroeconomic and institutional indicators in shaping the dynamics of OFDI in 23 transition countries over the 1996 – 2007 period. A number of fixed effects panel data regression specifications are introduced in this study in order to evaluate the impact of these indicators on OFDI from the given countries. In addition, the paper refers to the investment development paths of several transition countries that have been characterised by the significant share of their OFDI stock in domestic GDP over the recent years. The data used are extracted from the UNCTAD Handbook of Statistics 2009, World Development Indicators (April 2010), the International Financial Statistics (IMF) Database (August 2010), the UNECE Statistical Database, the EBRD transition reports, the Quality of Government Institute’s Database and many other additional sources. The results of this study indicate that the role of the home country factors in pushing OFDI has been relevant in transition countries as nowhere else, and partially reveal the “system-escape dimension” in OFDI that has emanated from the given countries during the 1996 – 2007 period. In conclusion, the recommendations for the respective governments’ policies towards OFDI are provided.
dc.subject outward foreign direct investment
dc.subject investment development path
dc.subject transition economies
dc.subject internationalisation
dc.title Outward FDI from the economies in transition: the determinants and policy implications
dc.date.updated 2010-09-06T02:00:56Z
dc.language.rfc3066 en
dc.identifier.laitoskoodi H725
dc.type.ontasot Pro gradu -työ fi
dc.type.ontasot Master's thesis en
dc.type.ontasot Pro gradu sv

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