Outward foreign direct investment in Hungary - motivations and effects

Andrea Elteto () and Katalin Antaloczy
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Andrea Elteto: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences

No 125, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: Outward foreign direct investment (OFDI) from Hungary has been increasing since 1997. Until that year, the value of Hungarian investment abroad had been insignificant. Since then, Hungary has become one of the main investors in the CEE region. The quantity and geographical and sectoral distribution of outward investment are heavily influenced by large single projects, which can dominate the annual figures. Apart from the official data, the analysis in this paper was based on a questionnaire survey. The 22 companies that responded represented hardly 2 per cent of the Hungarian companies that have invested abroad, but their investments there amounted to 52 per cent of the total capital placement from Hungary. Thus it covered the large, important investors, who were mainly ‘old’, traditional, domestically controlled companies that were relatively well capitalized.

Keywords: Hungary; outward FDI; investment strategy; foreign firms; investors (search for similar items in EconPapers)
Pages: 32 pages
Date: 2002-04
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:125

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