Foreign Direct Investment Inflows and Financial Development in Central and Eastern European Union Countries: A Panel Cointegration and Causality

被引：40

作者：

Bayar, Yilmaz ^{[1
]}

Gavriletea, Marius Dan ^{[2
]}

机构：

[1] Usak Univ, Fac Econ & Adm Sci, TR-64100 Usak, Turkey

[2] Babes Bolyai Univ, Dept Business, Fac Business, Cluj Napoca 400084, Romania

来源：

INTERNATIONAL JOURNAL OF FINANCIAL STUDIES | 2018年 / 6卷 / 02期

关键词：

financial development; foreign direct investment inflows; foreign equity investments; panel data analysis;

D O I：

10.3390/ijfs6020055

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Foreign direct investment (FDI) inflows have increased considerably in the globalized world as of the mid-1980s. The main objective of this research is to analyze interactions between FDI inflows and financial sector development in Central and Eastern European Union countries between 1996 and 2015 with panel data analysis. Our findings reveal that there is no cointegrating relationship among FDI inflows, investments of foreign portfolio, and the development of financial sectors, but there is a one-way causality from development of financial sectors to FDI inflows over the short run.

引用

页数：13

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