The Determinants of Foreign Direct Investment in Transition Economies: A Meta-Analysis

Masahiro Tokunaga () and Ichiro Iwasaki
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Masahiro Tokunaga: Faculty of Business and Commerce, Kansai University

No 952, KIER Working Papers from Kyoto University, Institute of Economic Research

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 quarter century. 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 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 nonzero effect as a whole, and a genuine effect is confirmed for some FDI determinants 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: 56pages
Date: 2016-11
New Economics Papers: this item is included in nep-cse, nep-int, nep-mac and nep-tra
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: The Determinants of Foreign Direct Investment in Transition Economies: A Meta-analysis (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:kyo:wpaper:952

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