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022 _a10168737
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHB1A1 INT
100 1 _aKaditi, Eleni A.
_eauthor
245 1 0 _aForeign investments and institutional convergence in South-Eastern Europe
_ccreated by Eleni A. Kaditi
264 1 _aAbingdon:
_bTaylor and Francis,
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aInternational economic journal
_vVolume 27, number 2
520 3 _aForeign investments are in the focus of most governments around the world. In order to be able to set a policy agenda that is successful in promoting FDI, it is necessary to understand the determinants of foreign investments. This paper examines whether, and to what extent, sound institutions and the degree of regulation deter or attract FDI flows in four economies of south-eastern Europe. In a dynamic panel analysis, a broad set of institutional and regulatory variables that may affect the decision of foreign investors to undertake investment projects in this region is examined, using firm-level data. Analysis shows that the quality of the institutional environment significantly influences foreign capital. Governments in this region should, therefore, focus primarily on creating an effective legal system, having relatively stable political and economic conditions.
650 _aForeign investments
_vCorruption
_xTransition economies
856 _uhttps://doi.org/10.1080/10168737.2012.682076
942 _2lcc
_cJA
999 _c165420
_d165420