Foreign Investment And Growth: Central And Eastern Europe In Transition

Topics:
Foreign Direct Investment
Tags:
Auburn University,
Eastern Europe,
Finance,
Growth,
Investment
Source:
Auburn University

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Overview: An empirical neoclassical growth model of the transition in Central and Eastern Europe reveals that foreign investment has incrementally contributed to economic growth. The model departs from the theoretical and applied growth literature with a partial adjustment model of foreign investment, estimating its phase equation with pooled data. Estimation reveals the region is in an early phase of economic growth that will take decades to reach the level of developed countries although there are a few positive outliers.

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Format: PDF | Size: 283KB | Date: Dec 2005 | Pages: 20

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