Economic Integration and FDI: An Empirical Analysis of Foreign Investment in the EU and in Central and Eastern Europe

Abstract

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Knowledge Spillovers Through FDI and Trade: The Moderating Role of Quality-Adjusted Human Capital

“…Unavailability of appropriate intermediate products, quality considerations or highly-specific production process of the foreign affiliates in the host country can trigger such a complementary relationship. The literature on gravity models Brenton, Mauro, and Lücke (1999) also provides similar arguments. In summary, although the direction of correlation (complementarity or substitutability) between trade in imports and inward FDI is a matter of debate, nevertheless these two channels seem to be interlinked in encouraging productivity growth.…”

Transformation of cities in Central and Eastern Europe: towards globalization

“…The production of the Clio by Renault in Novo mesto, Slovenia, is an example. These generalizations are supported by more detailed analyses which demonstrate the significance of the business environment, the form and timing of privatization, the size of the market, and market access as the main determinants of FDI across this growth region (Lankes and Venables, 1996;Brenton, Di Mauro, and Lücke, 1998;Holland and Pain, 1998;Meyer, 1998;Garibaldi et al, 1999;Hamilton, 2000).…”

Transatlantic trade and investment partnership: sectoral and macroeconomic perspectives for Germany, the EU and the US

“…While new studies have shed additional light on FDI dynamics in the US (Krugman and Graham, 1995) and Europe (e.g. Brenton et al (1998)) the role of relative wealth remains crucial. If fear of trade diversion effects of TTIP would stimulate FDI outflows from Asian countries and other Newly Industrialized Countries to both the US and the EU one may anticipate both an appreciation of the $ and the € vis-à-vis other currencies and hence the medium term side effect of TTIP would be a rise of US FDI outflows and EU FDI outflows to certain Asian and Latin American countries.…”