Factor Endowments, Economic Integration, Round-Tripping, and Inward FDI: Evidence from the Baltic Economies

被引：4

作者：

Cieslik, Andrzej ^{[1
]}

Gurshev, Oleg ^{[1
]}

机构：

[1] Univ Warsaw, Fac Econ Sci, Dept Macroecon & Int Trade Theory, Ul Dluga 44-50, PL-00241 Warsaw, Poland

来源：

JOURNAL OF RISK AND FINANCIAL MANAGEMENT | 2021年 / 14卷 / 08期

关键词：

Baltic economies; foreign direct investment; Bayesian model averaging; factor endowments; round-trip investments; BAYESIAN VARIABLE SELECTION; FOREIGN DIRECT-INVESTMENT; INTERNATIONAL-TRADE; MODEL; DETERMINANTS; GROWTH;

D O I：

10.3390/jrfm14080348

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper studies the location choice of foreign multinational firms in the Baltic economies of Estonia, Latvia, and Lithuania using a knowledge-and-physical capital model across 2004-2017. We used the Bayesian model averaging estimation method to investigate a set of possible factors that drive inward FDI. Our analysis demonstrates that factor endowments play a dominant role in driving vertical foreign direct investment, while external market barriers generate "tariff-jumping" FDI. Our analysis quantifies the effects of round-trip FDI, European integration, and external bilateral free trade agreements vis-a-vis inward FDI in the Baltics.

引用

页数：26