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An empirical analysis of inward foreign direct investment flows in the European Union with emphasis on the market enlargement hypothesis

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dc.contributor.author Fountas, Stilianos en
dc.date.accessioned 2010-11-08T10:14:56Z en
dc.date.available 2010-11-08T10:14:56Z en
dc.date.issued 1995-09 en
dc.identifier.citation Fountas, S. (1995). "An empirical analysis of inward foreign direct investment flows in the European Union with emphasis on the market enlargement hypothesis" (Working Paper No. 004) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1363 en
dc.description.abstract We use a cross-section, time-series approach to study the determinants of foreign direct investment (FDI) in the European union with particular emphasis on the expectations of a Single Market following the Single European Act of 1987. Using annual data from the 1980s and early 1990s, we investigate the determinants of US and Japanese FDI in the EU by pooling the data by the host country. We find strong evidence in favour of a Single Market effect where the anticipation of a larger market size due to a barriers-free European market leads to an increase in the inflows of FDI. In addition, our estimation results show that FDI flows in the EU also depend on market size and the real exchange rate (as a proxy of relative labour costs). en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries Economics working papers;004 en
dc.relation.ispartofseries Economics working papers;004 en
dc.subject Economics en
dc.subject Single market effect en
dc.subject Foreign direct investment en
dc.title An empirical analysis of inward foreign direct investment flows in the European Union with emphasis on the market enlargement hypothesis en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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