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Foreign direct investment financing of capital formation in central and eastern Europe

This paper looks at the relation between foreign direct investment (FDI) and gross fixed capital formation in transition countries as well as other sources of capital formation financing, namely debt financing, capital market financing and subsidies. The paper shows that capital formation is positively associated with FDI, along with domestic debt and capital market financing, but negatively correlated with stock market liquidity.

Link http://www.ebrd.org/pubs/econo/wp0067.htm
Author Krkoska, L
Date Dec 2001
Institute EBRD
Tags FDI, stock, market, transition, central, SEE

See also

  1. An analytical framework for evaluating transition impact of infrastructure projects
  2. Return behavior in emerging stock markets
  3. Microeconomic evidence of cMicroeconomic evidence of creative destruction in industrial and developing countriesreative destruction in industrial and developing countries
  4. The impact of liberalizing barriers to foreign direct investment in services - the case of Russian accession to the World Trade Organization
  5. On the importance of clean accounting measures for the tests of stock market efficiency

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