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Publication
Localization factors and inward foreign direct investment in Greece
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Authors
Advisor(s)
Abstract(s)
This study examines the foreign direct investment (FDI) attractiveness for Greece as a host country in the period 1998-2007. The
purpose of this paper is to analyze the impact of variables, such as market size, labour costs, trade openness, taxes, inflation and economic stability. The manuscript applies a panel data approach (Fixed Effects estimator and GMM system estimator). In contrast to previous studies,
this paper used a dynamic panel data to solve the problems of serial correlation and endogeneity. The empirical results indicate that the market size, trade openness, and labour costs are significant factors to
explain inward FDI to Greece. These results indicate that the FDI attracting will be influenced by market size. Our results also show that Greece has some problems of macroeconomic stability, which discourages the investors.
Description
Keywords
Foreign direct investment Panel data Greece
Citation
LEITÃO, Nuno Carlos - Localization factors and inward foreign direct investment in Greece. Theoretical and Applied Economics. ISSN 1841-8678. Vol. 17, no. 6 (2010), p. 17-26.
Publisher
General Association of Economists From Romania