Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries

Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries

The aim of the paper it to assess the “catalytic effect” of IMF lending programs on foreign direct investment (FDI) flows to Central, Eastern and South-Eastern European (CESEE) countries during and after the latest global financial crisis. This paper provides new empirical evidence on this catalytic...

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Bibliographic Details
Main Author: Anton Sorin Gabriel
Format: Article
Language:English
Published: Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house 2016-11-01
Series:Scientific Annals of Economics and Business
Subjects:
IMF
catalytic effect
FDI flows
financial crisis
Central
Eastern and South-Eastern Europe
F33
F34
G01
Online Access:http://www.degruyter.com/view/j/saeb.2016.63.issue-3/saeb-2016-0124/saeb-2016-0124.xml?format=INT
id doaj-c7050882ab024beca42b2c6491e25f14
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spelling doaj-c7050882ab024beca42b2c6491e25f142020-11-25T03:31:47ZengEditura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing houseScientific Annals of Economics and Business2501-31652016-11-0163331132010.1515/saeb-2016-0124saeb-2016-0124Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE CountriesAnton Sorin Gabriel0Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iași, RomaniaThe aim of the paper it to assess the “catalytic effect” of IMF lending programs on foreign direct investment (FDI) flows to Central, Eastern and South-Eastern European (CESEE) countries during and after the latest global financial crisis. This paper provides new empirical evidence on this catalytic effect while controlling for banking stability. Our results show that IMF lending programs had a negative catalytic effect on FDI flows to emerging economies from CESEE over the period 1999-2013. Other key determinants of FDI flows to these countries are inflation, current account balance, level of education, and infrastructure.http://www.degruyter.com/view/j/saeb.2016.63.issue-3/saeb-2016-0124/saeb-2016-0124.xml?format=INTIMFcatalytic effectFDI flowsfinancial crisisCentralEastern and South-Eastern EuropeF33F34G01
collection DOAJ
language English
format Article
sources DOAJ
author Anton Sorin Gabriel
spellingShingle Anton Sorin Gabriel
Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries
Scientific Annals of Economics and Business
IMF
catalytic effect
FDI flows
financial crisis
Central
Eastern and South-Eastern Europe
F33
F34
G01
author_facet Anton Sorin Gabriel
author_sort Anton Sorin Gabriel
title Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries
title_short Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries
title_full Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries
title_fullStr Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries
title_full_unstemmed Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries
title_sort foreign direct investment flows and imf lending programs. new empirical evidence from cesee countries
publisher Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house
series Scientific Annals of Economics and Business
issn 2501-3165
publishDate 2016-11-01
description The aim of the paper it to assess the “catalytic effect” of IMF lending programs on foreign direct investment (FDI) flows to Central, Eastern and South-Eastern European (CESEE) countries during and after the latest global financial crisis. This paper provides new empirical evidence on this catalytic effect while controlling for banking stability. Our results show that IMF lending programs had a negative catalytic effect on FDI flows to emerging economies from CESEE over the period 1999-2013. Other key determinants of FDI flows to these countries are inflation, current account balance, level of education, and infrastructure.
topic IMF
catalytic effect
FDI flows
financial crisis
Central
Eastern and South-Eastern Europe
F33
F34
G01
url http://www.degruyter.com/view/j/saeb.2016.63.issue-3/saeb-2016-0124/saeb-2016-0124.xml?format=INT
work_keys_str_mv AT antonsoringabriel foreigndirectinvestmentflowsandimflendingprogramsnewempiricalevidencefromceseecountries
_version_ 1724571707271806976

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