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Capital Mobility in Transition Countries of Central Europe: Macroeconomic Performance Factors and Stuctural Policies. NCRE Online Paper No. 00/01

Bal, Vladimir and Williams, Allan M. (2000) Capital Mobility in Transition Countries of Central Europe: Macroeconomic Performance Factors and Stuctural Policies. NCRE Online Paper No. 00/01. [Policy Paper]

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    Abstract

    In the course of transition, the former centrally planned economies of central Europe have attracted increasing shares of the international capital flows to emerging market economies. Moreover, compared to other world regions, a relatively large share of these flows has been constituted of foreign direct investment. An exploration of the determinants of these capital flows, using a neo-classical model, provided only medium-low levels of explanation, and the importance of considering institutional frameworks. The remainder of the paper examines the influence of financial sector development and of privatisation on foreign direct investment, portfolio investment, and ‘other’ forms of investment.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Capital flows; Foreign direct investment; Privatisation; Financial sector; Central Europe. Transition economies
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > External relations > EU-Central and Eastern Europe
    EU policies and themes > Treaty reform > enlargement
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > University of Canterbury (NZ), National Centre for Research on Europe > NRCE Online Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 May 2009
    Page Range: p. 41
    Last Modified: 15 Feb 2011 18:11
    URI: http://aei.pitt.edu/id/eprint/10956

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