The Effect on Foreign Direct Investment of Membership in the European Union

Bruno, Randolph Luca; Campos, Nauro F.; Estrin, Saul

doi:10.1111/jcms.13131

Cited by 19 publications

(11 citation statements)

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“…Bruno et al. (2020) study a longer period from 1985 to 2018 and a larger sample of 142 countries using UNCTAD FDI flow data. In their baseline model, they perform a PPML estimation with dyadic and time fixed effects and find a significant positive impact on FDI flows when the target country is an EU member.…”

Section: Background – Relation Of Eu and Fdimentioning

confidence: 99%

“…To what extent does the impact of European Union (EU) membership on foreign direct investment (FDI) differ between member states? The literature on the determinants of FDI often analyses the overall effect of EU membership on FDI (Bruno et al., 2020; Welfens & Baier, 2018). However, the EU is not a homogeneous group of countries, especially due to the EU enlargements to the east.…”

Section: Introductionmentioning

confidence: 99%

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How EU membership affects foreign direct investment: Differences between EU15 and CEE countries

Meinhart

2023

World Economy

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This article examines the impact of membership in the European Union (EU) on foreign direct investments (FDI). In contrast to previous studies, the overall effect of EU membership is disaggregated by countries that joined the EU before 2004 (EU15) and those that joined after 2004 [Central and Eastern European (CEE)]. This disaggregation is motivated by differences between the two groups in terms of their historical background, GDP levels and motives for FDI. Furthermore, the effects of EU membership are estimated at the country level. Using a structural FDI gravity model and applying recent advances in the gravity estimation literature, it is shown that membership of the EU has a substantial positive impact on both inward and outward FDI stocks. In particular, there is considerable heterogeneity in the impact of EU membership, with EU15 countries experiencing mainly an increase in inward FDI, while CEE countries experience a surge in outward FDI.

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Section: Background – Relation Of Eu and Fdimentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

How EU membership affects foreign direct investment: Differences between EU15 and CEE countries

Meinhart

2023

World Economy

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“…This research largely focuses on the use of various regional or structural funds at EU level to support less developed regions. (See, for example, Basile et al, 2008, andBruno et al, 2021. The extent of historical EU collaboration and the effects on FDI flows is discussed in detail in Crescenzi et al, 2021.…”

Section: Enhancing the Attractiveness Of The Island Of Ireland To Fdi In High-value Sectors Through Policy Coordination And Cooperationmentioning

confidence: 99%

“…To assess and understand the attractiveness of the island of Ireland to FDI in high-value sectors, we analyse the likelihoods of Ireland and Northern Ireland being chosen as locations for FDI in high-value sectors relative to competing locations. The analysis focuses on competing locations in the EU and UK given that access to the EU Single Market is an important driver of FDI (see, for example, Davies et al, 2018;Bruno et al, 2021).…”

Section: Introduction|3mentioning

confidence: 99%

Enhancing the attractiveness of the island of Ireland to high-value Foreign Direct Investment

Siedschlag¹,

Yan²,

Driffield³

2021

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The mission of the Economic and Social Research Institute is to advance evidencebased policymaking that supports economic sustainability and social progress in Ireland. ESRI researchers apply the highest standards of academic excellence to challenges facing policymakers, focusing on 12 areas of critical importance to 21 st Century Ireland.The Institute was founded in 1960 by a group of senior civil servants led by Dr T.K. Whitaker, who identified the need for independent and in-depth research analysis to provide a robust evidence base for policymaking in Ireland.Since then, the Institute has remained committed to independent research and its work is free of any expressed ideology or political position. The Institute publishes all research reaching the appropriate academic standard, irrespective of its findings or who funds the research.The quality of its research output is guaranteed by a rigorous peer review process. ESRI researchers are experts in their fields and are committed to producing work that meets the highest academic standards and practices.The work of the Institute is disseminated widely in books, journal articles and reports. ESRI publications are available to download, free of charge, from its website. Additionally, ESRI staff communicate research findings at regular conferences and seminars.The ESRI is a company limited by guarantee, answerable to its members and governed by a Council, comprising 14 members who represent a cross-section of ESRI members from academia, civil services, state agencies, businesses and civil society. The Institute receives an annual grant-in-aid from the Department of Public Expenditure and Reform to support the scientific and public interest elements of the Institute's activities; the grant accounted for an average of 30 per cent of the Institute's income over the lifetime of the last Research Strategy. The remaining funding comes from research programmes supported by government departments and agencies, public bodies and competitive research programmes.

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“…To this end, we distinguish between "deep" and "shallow" integration. Following Lawrence (1996), Campos et al (2019) and Bruno et al (2021), we define shallow integration in terms of free trade area, whereas deep integration refers to both political and economic interlinkages between countries. The latter is exemplified by the European Union especially after the implementation of the single market in 1993.…”

Section: The Impact Of Deep Vis-à-vis Shallow Integrationmentioning

confidence: 99%

Essays in international economics

Μεμάνοβα¹

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Το πρώτο κεφάλαιο διερευνά τη σχέση μεταξύ της δομής της τραπεζικής αγοράς και της εξαγωγικής δραστηριότητας σε επίπεδο χώρας και επιχείρησης. Η υπόθεση της πληροφορίας υποδηλώνει ότι η ισχύς της τραπεζικής αγοράς μειώνει τα πληροφοριακά εμπόδια μεταξύ δανειστών και οφειλετών μέσω της δημιουργίας σχέσεων δανεισμού, οι οποίες διευκολύνουν την παροχή πίστωσης και υπηρεσιών στους δανειολήπτες. Τα εμπειρικά ευρήματα δείχνουν ότι η μεγαλύτερη ισχύς στην τραπεζική αγορά ενθαρρύνει την εξαγωγική δραστηριότητα σε χώρες με υψηλό εισόδημα. Αυτό το αποτέλεσμα είναι ιδιαίτερα έντονο στις αγορές όπου οι ασυμμετρίες πληροφοριών είναι πιο σοβαρές. Αντίθετα, η διάρθρωση των τραπεζικών αγορών φαίνεται να μην παίζει σημαντικό ρόλο στις εξαγωγικές επιδόσεις των αναπτυσσόμενων χωρών. Το δεύτερο κεφάλαιο στοχεύει να συμβάλλει στην περιορισμένη πτυχή της σχετικής θεωρητικής βιβλιογραφίας. Αναλύουμε τις επιπτώσεις στην ευημερία και στα έσοδα της κυβέρνησης, ενσωματώνοντας το κόστος φορολογικής διοίκησης στο πρότυπο μοντέλο εμπορικών μεταρρυθμίσεων. Αντλήσαμε τις επαρκείς προϋποθέσεις για αποσπασματικές εμπορικές μεταρρυθμίσεις που βελτιώνουν τόσο την ευημερία όσο και τα έσοδα, και δείχνουμε ότι τα τυπικά κέρδη είναι ασυνεπή όταν η ικανότητα του συστήματος φορολογικής διοίκησης είναι περιορισμένη και τα έξοδα φορολογικής διαχείρισης είναι αρκετά υψηλά. Τα αποτελέσματά μας υπογραμμίζουν τη σημασία της παροχής επαρκών πόρων για τον εκσυγχρονισμό του συστήματος φορολογικής διαχείρισης και τη συμπλήρωση της υπάρχουσας υποδομής. Το τρίτο κεφάλαιο εξετάζει τους καθοριστικούς παράγοντες των διεθνών ροών επενδύσεων χαρτοφυλακίου. Διερευνά εάν η πληροφοριακή απόσταση και η θρησκευτική εγγύτητα επηρεάζουν τις διμερείς επιλογές χαρτοφυλακίου χρησιμοποιώντας ένα παγκόσμιο δείγμα. Κατασκευάζουμε ένα νέο δείκτη πληροφοριακης απόστασης, που μετρά τις διμερείς διαφορές στους κανονισμούς της πιστωτικής αγοράς. Τα αποτελέσματά μας δείχνουν ότι οι διμερείς ροές χαρτοφυλακίου μειώνονται σημαντικά με μεγαλύτερη απόσταση πληροφοριών μεταξύ χωρών. Ωστόσο, η θρησκευτική εγγύτητα ενισχύει την προθυμία επενδύσεων σε ξένες αγορές. Αυτό το αποτέλεσμα είναι πιο σημαντικό για συμμετοχές χαρτοφυλακίου σε αναδυόμενες χώρες. Επιπλέον, τεκμηριώνουμε ότι διαφορετικοί τύποι επενδύσεων χαρτοφυλακίου ποικίλλουν στον βαθμό ευαισθησίας των πληροφοριών τους ανάλογα με το επίπεδο οικονομικής ανάπτυξης των χωρών προέλευσης και προορισμού.

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The Effect on Foreign Direct Investment of Membership in the European Union

Cited by 19 publications

References 63 publications

How EU membership affects foreign direct investment: Differences between EU15 and CEE countries

How EU membership affects foreign direct investment: Differences between EU15 and CEE countries

Enhancing the attractiveness of the island of Ireland to high-value Foreign Direct Investment

Essays in international economics

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