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Introduction to symposium on exchange rate regimes in transition economies: the Euroization debate

Estrin, Saul and Uvalic, Milica (2014) Introduction to symposium on exchange rate regimes in transition economies: the Euroization debate. Economics of Transition, 22 (2). pp. 281-312. ISSN 1468-0351

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Abstract

The article explores the determination of foreign direct investment (FDI) into the Balkan transition economies – Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania and Serbia. Detailed FDI inflows to Southeast Europe are analysed to determine the main differences in the volume, timing and sectoral structure of FDI within the region and in comparison to the Central East European countries. A gravity model for all transition economies during 1990–2011 is then estimated to assess whether the factors driving FDI to the Western Balkans are different. They are found to be so; even when the size of their economies, distance from the source economies, institutional quality and prospects of EU membership are taken into account, Western Balkans countries receive less FDI than other transition countries. These issues are of policy relevance for the Balkan economies and ought to contribute to the current debate on the ‘new growth model’.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/
Additional Information: © 2014 John Wiley & Sons
Library of Congress subject classification: H Social Sciences > HA Statistics
H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates
Sets: Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 30 May 2014 13:26
URL: http://eprints.lse.ac.uk/56891/

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