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Lookup NU author(s): Dr Jonathan JonesORCiD, Professor Colin Wren
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).
Little is known about the effect of border costs on FDI location. This paper explores this for the fifth European Union (EU) enlargement that integrated the Central and Eastern European countries (CEECs). It regresses count data for 35,105 FDI projects locating in 25 European countries over the period 1997-2010. Four EU accession events are examined for the more- and less-liberalized CEECs. It finds that the lower border costs doubled FDI in the CEECs at EU membership, of which 60% is diverted from the ‘old’ Europe. It is three-times greater for more-liberalized countries, but for which pre-membership events are much less important.
Author(s): Jones J, Serwicka I, Wren C
Publication type: Article
Publication status: Published
Journal: International Review of Economics and Finance
Year: 2018
Volume: 54
Pages: 193-205
Print publication date: 01/03/2018
Online publication date: 19/08/2017
Acceptance date: 16/08/2017
Date deposited: 24/08/2017
ISSN (print): 1059-0560
ISSN (electronic): 1873-8036
Publisher: Elsevier
URL: https://doi.org/10.1016/j.iref.2017.08.007
DOI: 10.1016/j.iref.2017.08.007
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