Effect if IMF Programmes on Foreign Direct Investment in Central and Southeastern Europe (CROSBI ID 637109)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Sundać, Dragomir ; Andrijić, Marijana
engleski
Effect if IMF Programmes on Foreign Direct Investment in Central and Southeastern Europe
This paper investigates whether participation in IMF programmes is a positive catalyst for FDI investors in Central and Southeastern Europe, differentiating between 3 types of IMF arrangements. We use time-series cross-section data for 17 countries in the region between 1990 and 2013. The research employs treatment effect model to address endogeneity bias, as participation in IMF arrangements is not a random event. We find evidence that only under those circumstances (i.e. under those types of arrangements) where countries can more credibly commit to required reforms and where IMF can influence them more strongly to do it, catalytic effect is positive.
IMF ; FDI ; treatment effect ; catalytic finance ; international capital
Sveučilište u Rijeci sufinanciralo je ovaj rad projektnom potporom 13.02.1.2.04
nije evidentirano
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Podaci o prilogu
487-494.
2016.
objavljeno
Podaci o matičnoj publikaciji
An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital
Galetić, Lovorka ; Načinović Braje, Ivana ; Jaković, Božidar
Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu
978-953-346-027-7
Podaci o skupu
8th International Conference "An Enterprise Odyssey: Saving the Sinking SHip Through Human Capital
predavanje
08.06.2016-11.06.2016
Zagreb, Hrvatska