Does FDI crowd out domestic investment in transition countries?

被引：32
|
作者：
Jude, Cristina [1 ,2 ]
机构：
[1] Banque France, Paris, France
[2] Univ Orleans, Lab Econ Orleans, Orleans, France
来源：
ECONOMICS OF TRANSITION | 2019年 / 27卷 / 01期
关键词：
Investment; FDI; crowding out; economic transition; financial development; FOREIGN DIRECT-INVESTMENT; CAPITAL FLOWS; TECHNOLOGY SPILLOVERS; GREENFIELD INVESTMENT; DEVELOPMENTAL IMPACT; ECONOMIC-GROWTH; FIRMS;
D O I：
10.1111/ecot.12184
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this paper is to empirically investigate the relationship between foreign direct investment (FDI) and domestic investment in a sample of 10 Central and Eastern European countries over the period 1995-2015. We find FDI to lead to a creative destruction phenomenon, with a short-term crowding out effect on domestic investment, followed by a long-term crowding in. Greenfield FDI develops stronger long-run complementarities with domestic investment, while mergers and acquisitions do not show a significant effect on domestic investment. Financial development seems to mitigate crowding out pressures and even foster a crowding in for mergers and acquisitions.
引用
收藏
页码：163 / 200
页数：38
相关论文
共 50 条
  • [1] Does FDI Crowd out Domestic Investment-A Comparison of Developing and Developed Countries
    Xiao Qian
    Li Junjiang
    Chen Huiyu
    GMC 11: PROCEEDINGS OF THE SEVENTH INTERNATIONAL SYMPOSIUM ON GLOBAL MANUFACTURING AND CHINA, 2011, : 33 - 37
  • [2] Foreign Direct Investment in Selected Countries of Balkan and in the Visegrad Group Countries: Does it Crowd out or Crowd in Domestic Investment?
    Gallova, Zuzana
    PROCEEDINGS OF THE 13TH INTERNATIONAL CONFERENCE ON FINANCE AND BANKING, 2012, : 90 - 97
  • [3] Do public investment and FDI crowd in or crowd out private domestic investment in Malaysia?
    Ang, James B.
    APPLIED ECONOMICS, 2009, 41 (07) : 913 - 919
  • [4] Does FDI Crowd-In or Crowd-Out Domestic Investment? Evidence from African Economies
    Seetanah, Boopen
    Matadeen, Jevita
    Fauzel, Shareen
    Kheshansing, Gopal
    EDAMBA 2018: INTERNATIONAL SCIENTIFIC CONFERENCE FOR DOCTORAL STUDENTS AND POST-DOCTORAL SCHOLARS: CAPACITY AND RESOURCES FOR SUSTAINABLE DEVELOPMENT: THE ROLE OF ECONOMICS, BUSINESS, MANAGEMENT AND RELATED DISCIPLINES, 2018, : 429 - 437
  • [5] Does foreign direct investment crowd in or crowd out domestic investment?
    Misun, J
    Tomsík, V
    EASTERN EUROPEAN ECONOMICS, 2002, 40 (02) : 38 - 56
  • [6] Does inward FDI crowd-out Domestic Investment? Evidence from Uganda
    Ahmed, Kasule Twaha
    Ghani, Gairuzazmi M.
    Mohamad, Noorihsan
    Derus, Alias M.
    CONTEMPORARY ISSUES IN MANAGEMENT AND SOCIAL SCIENCE RESEARCH, 2015, 172 : 419 - 426
  • [7] Foreign Investment in Developing Countries: Does it Crowd in Domestic Investment?
    Agosin, Manuel
    Machado, Roberto
    OXFORD DEVELOPMENT STUDIES, 2005, 33 (02) : 149 - 162
  • [8] Foreign Investment, Domestic Investment and Economic Growth in China: Does Foreign Investment Crowd in or Crowd out Domestic Investment?
    Ahmad, Najid
    Hdia, Mouna
    Li, Hong-Zhou
    Wang, Jianlin
    Tian, Xian-Liang
    ECONOMICS BULLETIN, 2018, 38 (03): : 1279 - 1291
  • [9] Foreign Direct Investment in the Baltic States: Does it Crowd out or Crowd in Domestic investment?
    Szkorupova, Zuzana
    MATHEMATICAL METHODS IN ECONOMICS 2013, PTS I AND II, 2013, : 893 - 897
  • [10] Does outward foreign direct investment crowd in or crowd out domestic investment in central, east and southeast europe countries? an asymmetric approach
    Safet Kurtović
    Nehat Maxhuni
    Blerim Halili
    Bujar Krasniqi
    Economic Change and Restructuring, 2022, 55 : 1419 - 1444
12345