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Autor
Marszk Adam (Gdansk University of Technology, Poland)
Tytuł
Economic Integration and Foreign Direct Investment : Review of Main Theoretical Concepts
Źródło
Entrepreneurial Business and Economics Review, 2014, vol. 2, nr 3, s. 79-89, tab., bibliogr. 27 poz.
Tytuł własny numeru
FDI in Central Europe
Słowa kluczowe
Inwestycje bezpośrednie, Inwestycje zagraniczne, Integracja gospodarcza, Regionalne umowy handlowe
Direct investments, Foreign investment, Economic integration, Regional trade agreements
Uwagi
summ.
Abstrakt
Objective: The objective of the article is to present key theoretical relationships between economic integration and FDI flows.

Research Design & Methods: The research method used is a comprehensive literature review. Most influential publications, including books, articles, working papers, etc. contributing to the subject were identified. The review consists of two essential parts: theory of FDI, and theoretical relationships between economic integration and FDI flows. Finally, the outlined publications were discussed and critiqued, including the empirical context, i.e. empirical verification of the presented links.

Findings: In some areas the theoretical impact of integration on FDI is unclear, thus being an obstacle to making informed policy decisions. According to various theoretical concepts, economic integration should influence FDI flows mostly positively, due to e.g. reduced trade barriers and extended market sizes.

Implications & Recommendations: A number of theoretical concepts support the positive impact of economic integration on FDI flows. Possible directions of future research include comparisons of blocs with members at different development level, and further development of FDI theories in order to account for integration effects.

Contribution & Value Added: For the time being, this paper seems to be the most comprehensive and up-to-date survey of this topic. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
Pokaż
Bibliografia
Pokaż
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  2. Baltagi, B. H., Egger, P., & Pfaffermayr, M. (2008). Estimating regional trade agreement effects on FDI in an interdependent world. Journal of Econometrics, 145(1-2), 194-208.
  3. Bevan, A. A., & Estrin, S. (2004). The determinants of foreign direct investment into European transition economies. Journal of Comparative Economics, 32, 775-787.
  4. Brainard, S. L. (1993). A simple theory of multinational corporations and trade with a trade-off between proximity and concentration. NBER Working Paper. Retrieved on February 1, 2014, from http://www.nber.org/papers/w4269.pdf
  5. Chen, M. X. (2009). Regional economic integration and geographic concentration of multinational firms. European Economic Review, 53, 355-375.
  6. Di Mauro, F. (2000). The Impact of Economic Integration on FDI and Exports: A Gravity Approach. Centre for European Policy Studies Working Documents. Retrieved on January 19, 2014 from http://aei.pitt.edu/11687/1/66.pdf.
  7. Dunning, J. H. (1979). Explaining changing patterns of international production: in defence of the eclectic theory. Oxford Bulletin of Economics and Statistics, 41(4), 269-295.
  8. Dunning, J. H. (1980). Toward an eclectic theory of international production: some empirical tests. Journal of International Business Studies, 11, 9-31.
  9. Folfas, D. (2012). Does Monetary Integration Affect FDI between EU Member States. Retrieved on February 1, 2014, from http://www.etsg.org/ETSG2012/Programme/Papers/301.pdf
  10. Helpman, E., & Krugman, P. (1985). Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy. Cambridge: MIT Press.
  11. Ietto-Gillies, G. (2005). Transnational Corporations and International Production: Concepts, Theories and Effects. Cheltenham & Northampton: Edward Elgar Publishing.
  12. Kilic, C., Bayar, Y., & Arica, F. (2014). Effects of Currency Unions on Foreign Direct Investment Inflows: The European Economic and Monetary Union Case. International Journal of Economics and Financial Issues, 4(1), 8-15.
  13. Kojima, K., & Ozawa, T. (1993). Micro- and Macro-Economic Models of Direct Foreign Investment: Toward a Synthesis. In H. P. Gray (Ed.), Transnational Corporations and International Trade and Payments (pp. 63-85). New York: Routledge.
  14. Kreinin, M. E., & Plummer, M. G. (2008). Effects of regional integration on FDI: An empirical approach. Journal of Asian Economics, 19(5-6), 447-454.
  15. Kubny, J., Mölders, F., & Nunnenkamp, P. (2011). Regional integration and FDI in emerging markets. In U Volz (Ed.), Regional Integration, Economic Development and Global Governance (pp. 172-206). Cheltenham & Northampton: Edward Elgar Publishing.
  16. Ładyka, S. (2001). Z teorii integracji gospodarczej. Warszawa: Szkoła Główna Handlowa w Warszawie.
  17. Marszk, A. (2010). Północnoamerykańskie Porozumienie o Wolnym Handlu (NAFTA) i jego postanowienia dotyczące bezpośrednich inwestycji zagranicznych [North American Free Trade Agreement (NAFTA) and its regulations concerning foreign direct investment]. Ekonomia Międzynarodowa, 1(1), 67-85.
  18. Medvedev, D. (2012). Beyond trade: the impact of preferential trade agreements on FDI inflows. World Development, 40(1), 49-61.
  19. Narula, R., & Guimón, J. (2010). The investment development path in a globalised world: implications for Eastern Europe. Eastern Journal of European Studies, 1(2), 5-19.
  20. Petroulas, P. (2007). The effect of the euro on foreign direct investment. European Economic Review, 51(6), 1468-1491.
  21. Robson, P. (1998). The Economics of International Integration. New York: Unwin Hyman/Routledge.
  22. Sousa de, J., & Lochard, J. (2006). Does the single currency affect FDI? A gravity-like approach. Retrieved February 5, 2014, from http://www.fm-kp.si/Files/File/Konference/EIIE%202006/deSousa.pdf
  23. United Nations Conference on Trade and Development. (2013a). Regional integration and foreign direct investment in developing and transition economies. Retrieved on February 5, 2014, from http://unctad.org/meetings/en/SessionalDocuments/ciimem4d2_en.pdf
  24. United Nations Conference on Trade and Development. (2013b). Report of the Multi-year Expert Meeting on Investment, Innovation and Entrepreneurship for Productive Capacity building and Sustainable Development on its first session. Retrieved on February 5, 2014, from http://unctad.org/meetings/en/SessionalDocuments/ciimem4d3_en.pdf
  25. Veldete, D. W., & Bezemer, D. (2006). Regional integration and foreign direct investment in developing countries. Transnational Corporations, 15(2), 41-70.
  26. Witkowska, J. (2001). Rynek czynników produkcji w procesie integracji europejskiej [Production factors market within the European integration process]. Łódź: Wydawnictwo Uniwersytetu Łódzkiego.
  27. World Trade Organization. (2014). Some Figures on Regional Trade Agreements notified to the GATT/WTO and in force. Retrieved on February 5, 2014, from http://rtais.wto.org/UI/publicsummarytable.aspx
Cytowane przez
Pokaż
ISSN
2353-883X
Język
eng
URI / DOI
http://dx.doi.org/10.15678/EBER.2014.020307
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