Foreign Direct Investment Inflows and Financial Development in Central and Eastern European Union Countries: A Panel Cointegration and Causality

Yılmaz Bayar · Marius Dan Gavriletea

72 citations0/0 files storedInternational Journal of Financial Studies

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

International Business and FDI Monetary Policy and Economic Impact Global Financial Crisis and Policies

Abstract

Foreign direct investment (FDI) inflows have increased considerably in the globalized world as of the mid-1980s. The main objective of this research is to analyze interactions between FDI inflows and financial sector development in Central and Eastern European Union countries between 1996 and 2015 with panel data analysis. Our findings reveal that there is no cointegrating relationship among FDI inflows, investments of foreign portfolio, and the development of financial sectors, but there is a one-way causality from development of financial sectors to FDI inflows over the short run.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 72 citations exist upstream.

References

1969Investigating Causal Relations by Econometric Models and Cross-spectral Methods 2003Testing for unit roots in heterogeneous panels 2007A simple panel unit root test in the presence of cross‐section dependence 2004General Diagnostic Tests for Cross Section Dependence in Panels 1999A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test 2004PANEL COINTEGRATION: ASYMPTOTIC AND FINITE SAMPLE PROPERTIES OF POOLED TIME SERIES TESTS WITH AN APPLICATION TO THE PPP HYPOTHESIS 2007Testing slope homogeneity in large panels 2012Testing for Granger non-causality in heterogeneous panels

Cited by

2022The role of institutional quality in FDI inflows and carbon emission reduction: evidence from the global developing and belt road initiative countries 2020The Relationship between Renewable Energy and Human Development in OECD Countries: A Panel Data Analysis 2021The Impact of Foreign Direct Investment on Financial Development: New Evidence from Panel Cointegration and Causality Analysis 2020Determinants of FDI in France: Role of transport infrastructure, education, financial development and energy consumption

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.