Country size and comparative advantage: An empirical study

Torstensson, Johan

doi:10.1007/bf02773289

Cited by 14 publications

(9 citation statements)

References 25 publications

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“…Openness (OPEN) as defined by exports over total trade could be either substituting or complementing for FDI (Markusen, 1984; Dunning, 1997a, 1997b; Torstensson, 1998). This variable, accompanied by the Relative Export Price Index (EXPRI), describes the competitiveness position of a country in terms of international trade and exposure.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

US Outward Foreign Direct Investment in the European Union and the Implementation of the Single Market: Empirical Evidence from a Cohesive Framework

Filippaios

Papanastassiou

2008

J of Common Market Studies

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In this article we investigate the determinants of US outward Foreign Direct Investment (FDI) in the European Union for the period 1982-2002. The data set allowed us to discern differences in the pattern of US FDI between EU core and EU periphery countries, as well as over different time periods during the last two decades. The results indicate that the US FDI pattern varies among different groups of countries and that there was a restructuring in multinational firms' investment activity after the implementation of the single market plan. Agglomeration factors, market size, qualified and productive labour and cost efficiency of local production seem to dominate in the location choice of US investors. Copyright (c) 2008 The Author(s). Journal compilation (c) 2008 Blackwell Publishing Ltd.

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Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

US Outward Foreign Direct Investment in the European Union and the Implementation of the Single Market: Empirical Evidence from a Cohesive Framework

Filippaios

Papanastassiou

2008

J of Common Market Studies

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show abstract

“…Openness (OPEN) as defined by exports plus imports over total trade could be either substituting or complementing for FDI (Markusen 1984;Torstensson, 1998). This variable describes the competitiveness position of country in terms of international trade and exposure.…”

Section: 1b Location Advantages -Economic Variablesmentioning

confidence: 99%

Foreign Direct Investment in Central, Eastern and South Eastern Europe: an 'eclectic' approach to Greek investments

Stoian¹,

Filippaios²

2008

IJEIM

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The fall of communism in Central, Eastern and Southern Eastern European countries (CESEC) has presented multinationals with new trade and investment opportunities. Since early 1990s the CESECs countries embarked on a transition process aimed at democratisation, achieving improved standards of living, setting up a functioning market economy and becoming full members of the EU or at least building closer political and economic relations with the organisation. Within this context, during the last decade Greece has emerged as one of the largest investors in the Central and Eastern and South Eastern European Countries. Greek firms making the most of their geographical proximity and capitalising on their cultural and commercial links with CESECs are heavily investing in those countries. This is the first paper to empirically evaluate the determinants of entry mode decisions of Greek firms participating in the Athens Stock Exchange. The main aim of the paper is to investigate foreign direct investment determinants using Dunning's eclectic paradigm. Our results offer strong support to the eclectic framework and suggest that it is the interrelation of ownership and locational advantages that can explain foreign investment activity. Keywords: Eclectic Framework, Greece, Modes of Entry, Central Eastern and South Eastern Countries

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“…Hence, market size will increase the probability of investing directly into the country. Openness of the economy as defined by exports plus imports over the total country's trade could be either substituting or complementing for FDI (Markusen, 1984, Torstensson, 1998. This variable describes the competitiveness position of country in terms of international trade and exposure.…”

Section: Control Variables-market Size Variablesmentioning

confidence: 99%

Dunning's eclectic paradigm: A holistic, yet context specific framework for analysing the determinants of outward FDI

Stoian

Filippaios

2008

International Business Review

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Country size and comparative advantage: An empirical study

Cited by 14 publications

References 25 publications

US Outward Foreign Direct Investment in the European Union and the Implementation of the Single Market: Empirical Evidence from a Cohesive Framework

US Outward Foreign Direct Investment in the European Union and the Implementation of the Single Market: Empirical Evidence from a Cohesive Framework

Foreign Direct Investment in Central, Eastern and South Eastern Europe: an 'eclectic' approach to Greek investments

Dunning's eclectic paradigm: A holistic, yet context specific framework for analysing the determinants of outward FDI

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