Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies

Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies
This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main determinants are institutions, agglomeration, and trade... READ MORE...

Publication date: November 2003
ISBN 9781451875461
$15.00

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