U.S. Foreign Direct Investment in Poland and Germany. The Possible Disconnect Between Theory and Econometric Results

• Autorzy: Tomasz M. Napiórkowski
• Języki publikacji: EN

Abstrakty

EN

The article looks at the determinants of foreign direct investments most commonly cross-quoted by the literature and uses them, through econometric means of research, to establish links between the theory and statistical results. The author achieves this by looking at the biggest net foreign investor, the United States of America, and its investments in two European economies: Germany, being the more economically developed country and a recipient of U.S. investments since prior to World War II, and Poland, a relative newcomer to the scene where U.S. investments have become significant only since 1990. Through the use of real-life data and composition and testing of various econometric models, the article concludes that statistical results are spot on with hypotheses from the literature with slight, yet fully explained, exceptions. (original abstract)

Słowa kluczowe

EN

Direct investments; Econometric models

PL

Inwestycje bezpośrednie; Modele ekonometryczne

• Czasopismo: Studia Ekonomiczne / Uniwersytet Ekonomiczny w Katowicach
• Rocznik: 2012
• Numer: nr 122 Międzynarodowe stosunki gospodarcze - wybrane podmioty i procesy gospodarki światowej
• Strony: 243--253

Twórcy

autor

Tomasz M. Napiórkowski

• Warsaw School of Economics, Poland

Bibliografia

• Barry F., Görg H. with McDowell A.: Outward FDI and the Investment Development Path of Late-Industrializing Economy: Evidence from Ireland. "Taylor and Francis Journals" 2002, Vol. 37, No. 4.
• Beer F.M. with Cory S.N.: The Locational Determinants of U.S. Foreign Direct Investment in the European Union. "Journal Of Financial And Strategic Decisions" 1996, Vol. 9, No. 2.
• Bénassy-Quéré A., Coupet M. with Mayer T.: Institutional Determinants of Foreign Direct Investment. Centre d'Etudes Prospectives et d'Informations Internationales CEPII Working Paper No. 2005-2005, 2005.
• Bevan A.A. with Estrin S.: The Determinants of Foreign Direct Investment in Transition Economies. William Davidson Institute, William Davidson Institute Working Paper No. 342, 2000.
• Blomström M. with Konan D. and Lipsey R.E.: FDI in Restructuring of the Japanese Economy. National Bureau of Economic Research, Working Paper 7693, 2000.
• Blonigen B.A. with Piger J.: Determinants of Foreign Direct Investment. National Bureau of Economic Research, Working Paper 16704, 2011.
• Buch C.M., Kotka R.M. with Piazolo D.: Does the East Get What Would Otherwise Flow to the South? FDI Diversion in Europe. Kiel Institute for World Economics, Kiel Working Paper No. 1061, 2001.
• Buckley P.J. with Castro F.B.: The Investment Development Path: The Case of Portugal. "Transnational Corporations" 1998, Vol. 7, No. 1.
• BEA 1. Bureau of Economic Analysis, "U.S. Direct Investment Position Abroad on Historical-Cost Basis: Country Detail by Industry" Reports. http://www.bea.gov/ international/di1usdbal.htm
• Carstensen K. with Toubal F.: Foreign Direct Investment in Central and Eastern European Countries: A Dynamic Panel Analysis. Kiel Institute for World Economics, Kiel Working Paper No. 1143, 2003.
• Durán J.J. with Ubeda F.: The Investment Development Path: A New Empirical Approach and Some Theoretical Issues. "Transnational Corporations" 2001, Vol. 10, No. 2.
• Holland D. with Pomerantz O.: FDI Penetration and Net Trade in the EU Accession Countries. National Institute of Economic and Social Research, 2004.
• Hilger S.: American Firms in Germany. The Case of Procter & Gamble and the Transfer of American Marketing Strategies after World War II. Helsinki Congress of the International Economic History Association 21st to 25th August, 2006: Session 93, 2006.
• Hyper Zebra 1. http://www.happyzebra.com/distance-calculator/
• Kalemil-Ozcan S. with Nikolsko-Rzhevskyy A.: Does the Trade Cause Capital to Flow? Evidence from Historical Rainfalls. National Bureau of Economic Research, Working Paper 16034, 2010.
• Kerr I.A. with Monsingh P.V.: The Determinants of Foreign Direct Investment in China. 30th Annual Conference of Economists 23rd to 26th September, 2001.
• Lipsey R.E.: The Role of Foreign Direct Investment in International Capital Flows. National Bureau of Economic Research, Working Paper 7094, 1999.
• Lipsey R.E.: Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History, and Data. National Bureau of Economic Research, Working Paper 8665, 2001.
• Lipsey R.E.: Measuring the Impacts of FDI in Central and Eastern Europe. National Bureau of Economic Research, Working Paper 12808, 2006.
• McGrattan E.R.: Transition to FDI Openness: Reconciling Theory and Evidence. National Bureau of Economic Research, Working Paper 16774, 2011.
• Narula R. with Wakelin K.: The Pattern and Determinants of US Foreign Direct Investment in Industrialized Countries. MERIT, Maastricht University, 1997.
• OECD.StatExtracts 1. http://stats.oecd.org/index.aspx?DatasetCode=ULC_QUA
• Perugini C., Pompei F. with Signorelli M.: FDI, R&D and Human Capital in the Central and Eastern European Countries. National Innovation Systems and FDI in Central Eastern Europe: The Role of Technology Transfer, the Impact on Regional Development and Economic Convergence June 30-July 2, 2005.
• Pontes J.P.: FDI and Trade: Complements and Substitutes. Instituto Superior de Economia e Gestão Departamento de Economia DE Working paper 3-2006/DE/ UECE, 2005.
• Walsh J.P. with Yu J.: Determinants of Foreign Direct Investment: A Sectoral and Institutional Approach. International Monetary Fund, IMF Working Paper WP/10/187, 2010.
• WB 1. http://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD
• WB 2. http://data.worldbank.org/