Naslov
Effect if IMF Programmes on Foreign Direct Investment in Central and Southeastern Europe

Autori
Sundać, Dragomir ; Andrijić, Marijana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital / Galetić, Lovorka ; Načinović Braje, Ivana ; Jaković, Božidar - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2016, 487-494

ISBN
978-953-346-027-7

Skup
8th International Conference "An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital"

Mjesto i datum
Zagreb, Hrvatska, 08.06.2016. - 11.06.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
IMF ; FDI ; treatment effect ; catalytic finance ; international capital

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Sveučilište u Rijeci sufinanciralo je ovaj rad projektnom potporom 13.02.1.2.04

POVEZANOST RADA