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Foreign direct investment in the eastern European countries: determinants and performance

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journal contribution
posted on 20.07.2017, 10:10 by Marie M. Stack, Geetha Ravishankar, Eric Pentecost
This paper assesses the determinants, changing nature and the performance of foreign direct investment (FDI) in the eastern European countries within the knowledge capital (KK) model framework. The findings from a panel of bilateral FDI stocks from 10 western European countries to 10 eastern European countries over the years 1996–2007 indicate the presence of both vertical and horizontal motives of FDI with a shift over time towards the latter. In identifying the efficiency of FDI integration relative to maximum potential levels, the stochastic frontier specification of the KK model indicates a mixed degree of FDI performance.

History

School

  • Business and Economics

Department

  • Economics

Published in

Structural Change and Economic Dynamics

Volume

41

Pages

86 - 97

Citation

STACK, M.M., RAVISHANKAR, G. and PENTECOST, E.J., 2017. Foreign direct investment in the eastern European countries: determinants and performance. Structural Change and Economic Dynamics, 41, pp. 86-97.

Publisher

© Elsevier

Version

AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceptance date

23/04/2017

Publication date

2017

Notes

This paper was accepted for publication in the journal Structural Change and Economic Dynamics and the definitive published version is available at http://dx.doi.org/10.1016/j.strueco.2017.04.005

ISSN

0954-349X

Language

en

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