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17-08-16 Economic Integration, Border Costs and FDI Location Evidence (Int Rev Econ Fin).pdf (598.78 kB)

Economic integration, border costs and FDI location: evidence from the fifth European enlargement

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posted on 2023-06-09, 07:43 authored by Jonathan Jones, Ilona Serwicka, Colin Wren
Little is known about the effect of border costs on FDI location. This paper explores this for the fifth European Union (EU) enlargement that integrated the ten Central and Eastern European countries (CEECs). It regresses count data for 35,105 FDI projects locating in 25 European countries over the period 1997–2010. Four EU accession events are examined for the more- and less-liberalized CEECs. It finds that the lower border costs doubled FDI in the CEECs at EU membership, of which 60% is diverted from the ‘old’ Europe. This membership effect is threetimes greater for the more-liberalized countries, for which earlier accession events are unimportant.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

International Review of Economics & Finance

ISSN

1059-0560

Publisher

Elsevier

Volume

54

Page range

193-205

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-03-26

First Open Access (FOA) Date

2019-08-19

First Compliant Deposit (FCD) Date

2018-04-06

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