Transition and FDI: A Meta-Analysis of the FDI Determinants in Transition Economies

Masahiro Tokunaga and Ichiro Iwasaki

No 47, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: In this paper, we conduct a meta-analysis of studies that empirically examine the relationship between economic transformation and foreign direct investment (FDI) performance in Central and Eastern Europe and the former Soviet Union over the past two decades. More specifically, we synthesize the empirical evidence reported in previous studies that deal with the determinants of FDI in transition economies, focusing on the impacts of transition-factors. We also perform meta-regression analysis to specify the determinant factors of the heterogeneity among the relevant studies and the presence of publication selection bias. We find that the existing literature reports a statistically significant non-zero effect as a whole, and a genuine effect is confirmed in the study area of the determinants of FDI beyond the publication selection bias.

Keywords: foreign direct investment (FDI); FDI determinants; transition economies; meta-analysis; publication selection bias (search for similar items in EconPapers)
JEL-codes: E22 F21 P33 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2014-10
New Economics Papers: this item is included in nep-cse, nep-int and nep-tra
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:47

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