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Privatisation and foreign direct investment in 10 transition countries

Bruno Merlevede UGent and Koen Schoors UGent (2009) POST-COMMUNIST ECONOMIES. 21(2). p.143-156
abstract
This article uses a partial adjustment framework to examine the determinants of FDI stocks of 'old' EU member states in 10 transition countries that have now joined the EU. A dynamic panel analysis reveals that equilibrium FDI stocks are determined by traditional variables such as market potential and unit labour costs. Adjustment towards equilibrium is rapid. The relationship between FDI and the privatisation process is complex. Whereas direct privatisation strategies positively affect the equilibrium FDI stock, non-direct privatisation schemes negatively affect the speed of adjustment towards the equilibrium. Privatisation history seems to increase equilibrium FDI stocks, independently of the method applied.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
journal title
POST-COMMUNIST ECONOMIES
Post-communist econ.
volume
21
issue
2
pages
143 - 156
Web of Science type
Article
Web of Science id
000269790300002
JCR category
ECONOMICS
JCR impact factor
0.196 (2009)
JCR rank
222/243 (2009)
JCR quartile
4 (2009)
ISSN
1463-1377
DOI
10.1080/14631370902778450
language
English
UGent publication?
yes
classification
A1
id
706821
handle
http://hdl.handle.net/1854/LU-706821
date created
2009-06-23 14:04:51
date last changed
2015-06-17 11:16:10
@article{706821,
  abstract     = {This article uses a partial adjustment framework to examine the determinants of FDI stocks of 'old' EU member states in 10 transition countries that have now joined the EU. A dynamic panel analysis reveals that equilibrium FDI stocks are determined by traditional variables such as market potential and unit labour costs. Adjustment towards equilibrium is rapid. The relationship between FDI and the privatisation process is complex. Whereas direct privatisation strategies positively affect the equilibrium FDI stock, non-direct privatisation schemes negatively affect the speed of adjustment towards the equilibrium. Privatisation history seems to increase equilibrium FDI stocks, independently of the method applied.},
  author       = {Merlevede, Bruno and Schoors, Koen},
  issn         = {1463-1377},
  journal      = {POST-COMMUNIST ECONOMIES},
  language     = {eng},
  number       = {2},
  pages        = {143--156},
  title        = {Privatisation and foreign direct investment in 10 transition countries},
  url          = {http://dx.doi.org/10.1080/14631370902778450},
  volume       = {21},
  year         = {2009},
}

Chicago
Merlevede, Bruno, and Koen Schoors. 2009. “Privatisation and Foreign Direct Investment in 10 Transition Countries.” Post-communist Economies 21 (2): 143–156.
APA
Merlevede, B., & Schoors, K. (2009). Privatisation and foreign direct investment in 10 transition countries. POST-COMMUNIST ECONOMIES, 21(2), 143–156.
Vancouver
1.
Merlevede B, Schoors K. Privatisation and foreign direct investment in 10 transition countries. POST-COMMUNIST ECONOMIES. 2009;21(2):143–56.
MLA
Merlevede, Bruno, and Koen Schoors. “Privatisation and Foreign Direct Investment in 10 Transition Countries.” POST-COMMUNIST ECONOMIES 21.2 (2009): 143–156. Print.