FDI in the post-EU accession Baltic Sea Region: A global or a regional concern?
2012 (English)In: Baltic Journal of Economics, ISSN 1406-099X, Vol. 12, no 2, p. 89-108Article in journal (Refereed) Published
Abstract [en]
This paper investigates the dynamics of FDIs in the Baltic Sea Region (BSR) by applying the Poisson Pseudo-Maximum Likelihood estimation method on a gravity model. In particular, we analyze the influence of macro and spatial factors on investment stock changes and discuss whether the origin of these investments and the 2004 EU enlargement have had any effects on BSR FDIs.
Our results suggest that EU enlargement has been significant for FDI activity in the region, and that FDI is basically a regional issue as it tends to be bilateral within the region. However, the same results also suggest that geographic distance is not a significant factor. We conclude that while being traditional in nature, the BSR FDI pattern is undergoing changes towards a lesser degree of geographic bias.
Place, publisher, year, edition, pages
Riga: BICEPS , 2012. Vol. 12, no 2, p. 89-108
Keywords [en]
Baltic Sea Region, FDI, Trade, Gravity Model, Poisson Pseudo-Maximum Likelihood method
National Category
Economics
Research subject
Baltic and East European studies
Identifiers
URN: urn:nbn:se:sh:diva-18150DOI: 10.1080/1406099X.2012.10840519ISI: 000314618900006Scopus ID: 2-s2.0-84874285970Local ID: 1303/42/2009OAI: oai:DiVA.org:sh-18150DiVA, id: diva2:600785
Part of project
Markets & Regions - A project on region building and the long-term sustainability and potential integrative effects of capital mobility and investment in the Baltic Sea Region, The Foundation for Baltic and East European Studies
Funder
The Foundation for Baltic and East European Studies, A066-20092013-01-252013-01-252021-04-27Bibliographically approved