Determinants of foreign direct investment from OECD countries in Poland

Cieślik, Andrzej

doi:10.1007/s40822-019-00136-y

Cited by 29 publications

(22 citation statements)

References 39 publications

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“…However, there are studies that focused on other components of the external funding. For example, Cieślik ( 2020 ) focused on direct investment, which includes subsets of equity and external debt.…”

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confidence: 99%

Impact of public and private sector external debt on economic growth: the case of Portugal

Silva¹

2020

Eurasian Econ Rev

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External debt may affect economic growth differently among countries. We assess the effect of the Portuguese external debt for the 1999–2019 period. Portugal had the highest net external debt among the founding members of the euro area. External debt was the main component of the international investment position. We split external debt between public and private sectors due to the different conditions that exist when accessing external funding. Additionally, we use quarterly data and estimate how external debt determined variations in the channels of transmission through which external debt may affect economic growth. Only some channels were significantly affected by external debt: the private and public external debt increased public investment, and private external debt damaged private investment. Therefore, external debt was not allocated to positively and significantly increase economic growth. Additionally, financial integration in the euro area and financial stress in Europe affected some channels of transmission. It would be advisable to reduce external debt through a positive current account, to assign external debt to tradable sectors that will obtain a higher return on investments, and to shift external funding from debt instruments to equity ones.

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confidence: 99%

Impact of public and private sector external debt on economic growth: the case of Portugal

Silva¹

2020

Eurasian Econ Rev

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“…Since then the determinants of FDI flows based on the KC model have been widely investigated. 2 For example, Dixon and Haslam (2016) estimated the KC model for Latin America, Oyamada (2019) for the UK, while Cieślik (2020aCieślik ( ,2020bCieślik ( ,2020c for Poland. However, formal empirical evidence on determinants of inward FDI in Asian economies that relates to the KC model of multinational enterprise still remains relatively scarce despite the fact that since the mid-1980s, these economies have attracted the attention of foreign investors thanks to their policies of encouraging and supporting FDI initiatives.…”

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confidence: 99%

Determinants of foreign direct investment from Europe to Asia

Nguyen

Cieślik

2020

World Economy

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This study examines the determinants of foreign direct investment (FDI) from Europe to Asia based on the knowledge‐capital model. The data include 38 European countries and 24 host Asian countries over the period 1995–2013. Empirical evidence from Poisson‐pseudo maximum likelihood estimation method is in line with hypothesised predictions derived from the knowledge‐capital model. In particular, the total income and the similarity in market size between two countries encourage horizontal FDI. We also find empirical support to vertical FDI in Asia where the difference in skilled labour endowments between European source and Asia host countries has a positive impact on FDI from Europe to Asia. Meanwhile, investment costs in Asian countries, trade costs to both source and host countries, and exchange rate volatility are negatively correlated to FDI. By contrast, sharing a common language, a bilateral investment treaty and a historical colonial relationship encourage FDI from Europe to Asia. In addition, heterogeneities in host countries’ geographical regions, exchange rate regimes, and governance system, and source countries’ Eurozone membership lead to differences in empirical findings. The results also signal some future trends and the roles of governments in both source and host countries in facilitating FDI.

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“…Moreover, innumerable research has been widely discovered in several macroeconomy variables that affect FDI in various countries. Such as BRICS countries by Maryam and Mittal (2020), Select South Asian Countries by Sahoo and Sethi (2020), in Organisation for Economic Co-operation and Development (OECD) by (Cieślik, 2019), in Kosovo by Govori and Fejzullahu (2020), in Greece by Tsitouras et al (2020), in 23 countries by Canh et al (2019), German by Camarero et al (2019), India by Arul Provin Binny and Morarji (2019) and etcetera. Whereas, there still limited research that analyzes the specific variables which influence the FDI in OIC countries.…”

Section: Graph 1 Foreign Direct Investment Inward Flow In Oic Countries (Us$ Million)mentioning

confidence: 99%

What drives the inflow of FDI in OIC countries? Evidence from Top 10 hosts of inward FDI flows

Supriani

Fianto

2020

JEKI

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Determinants of foreign direct investment from OECD countries in Poland

Cited by 29 publications

References 39 publications

Impact of public and private sector external debt on economic growth: the case of Portugal

Impact of public and private sector external debt on economic growth: the case of Portugal

Determinants of foreign direct investment from Europe to Asia

What drives the inflow of FDI in OIC countries? Evidence from Top 10 hosts of inward FDI flows

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