Foreign direct investment in the Balkans: recent trends and prospects

Kekic, Laza

doi:10.1080/14683850500122687

Cited by 34 publications

(27 citation statements)

References 6 publications

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“…Greek investors are not attracted by the size of the market but from the country's openness to import and export goods. Although this result might contradict previous studies on the region (Brada, Kutan, & Yigit, 2006, Kekic, 2005 should be read with the specific context in mind. Large market size might also imply a significant competition pressure and Greek firms have the advantage when they operate in similar markets to the Greek one, i.e.…”

Section: Empirical Analysis and Resultscontrasting

confidence: 91%

“…During the last two decades Greece has emerged as a key regional player and one of the largest investors in the Central and Eastern and South Eastern European Countries (CESEE) (Bastian, 2004, Demos, Filippaios, & Papanastassiou, 2004, Kekic, 2005. With the opening up of neighbouring markets in the early 1990s the Greek firms and entrepreneurs grabbed the opportunity to exploit their ownership advantages and expand abroad.…”

Section: Introductionmentioning

confidence: 99%

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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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Section: Empirical Analysis and Resultscontrasting

confidence: 91%

Section: Introductionmentioning

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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“…Demekas et al (2005) note that SEE is a region not comprehensively covered in econometric studies on FDI in transition economies, in part due to the lack of comparable data. Of the more than 40 empirical studies reviewed in the paper, only four included any SEE countries and even that coverage is patchy and inconsistent (Demekas et al, 2005, p. 4 Kekic (2005) analyses trends in FDI in the Balkans during the early 2000s, concluding that the upsurge in FDI has been based on only a few minimal conditions -the restoration of peace and basic security, the beginnings of economic recovery and modest improvements in the business environment.…”

Section: Historical Background and Brief Overview Of The Literaturementioning

confidence: 99%

Foreign Direct Investment into Transition Economies: Are the Balkans Different?

Estrin

Uvalic

2013

SSRN Journal

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The paper explores the determination of foreign direct investment (FDI) into the Balkan transition economies -Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania and Serbia. Detailed FDI inflows to Southeast Europe (SEE) are analysed to determine the main differences in the volume, timing and sectoral structure of FDI within the region and in comparison to the Central East European countries. A gravity model to all transition economies during 1990-2011 is then estimated to assess whether the factors driving FDI to the Western Balkans are different. They are found to be so; even when size of their economy, distance, institutional quality and prospects of EU membership are taken into account, Western Balkans countries receive less FDI. These issues are of high policy relevance for the Balkan economies and ought to contribute to the current debate on the 'new growth model'. JEL Classification:P3, O4, F2

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“…there were large outflows of capital from Greece towards these countries (Petrochilos, 1997(Petrochilos, , 1999Salavrakos, 1997;Kekic, 2005). By implication, if labour movement was restricted while capital movement was free, immigration would have been lower and foreign direct investment higher (and vice versa).…”

Section: Foreign Direct Investmentmentioning

confidence: 99%

The economic impact of immigration in Greece: taking stock of the existing evidence

Cholezas

Τσακλόγλου

2009

Southeast European and Black Sea Studies

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in The Economic Impact of Immigration in Greece: Taking Stock of the Existing Evidence Ioannis Cholezas Panos Tsakloglou D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. Greece was traditionally an emigration country. However, since the early 1990s it became an immigrant destination and nowadays up to a tenth of the population are immigrants, mainly from neighbouring Balkan countries and, especially, Albania. This large scale immigration within a short time period had important social, as well as, economic consequences. The paper reviews the existing evidence and concludes that on average the economic effects of immigration were beneficial, although their distributional consequences were adverse. Greek immigration policy was haphazard and more efforts are needed in order to integrate the immigrants in the economic and social fabric of the country.JEL Classification: F22

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Foreign direct investment in the Balkans: recent trends and prospects

Abstract: To cite this article: Laza Kekic (2005) Foreign direct investment in the Balkans: recent trends and prospects, Southeast European and Black Sea Studies, 5:2,[171][172][173][174][175][176][177][178][179][180][181][182][183][184][185][186][187][188][189][190]

Cited by 34 publications

References 6 publications

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

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

Foreign Direct Investment into Transition Economies: Are the Balkans Different?

The economic impact of immigration in Greece: taking stock of the existing evidence

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