What is the Impact of Currency Unions on FDI Flows? Evidence from Eurozone Countries

Kyriacos Aristotelous and Stilianos Fountas
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Kyriacos Aristotelous: Otterbein College, USA

South-Eastern Europe Journal of Economics, 2012, vol. 10, issue 2, 87-98

Abstract: This paper investigates the effect of EMU on inward FDI flows to the Eurozone using panel data from 22 OECD countries for the period 1973-2006. The empirical findings suggest that the EMU led to a statistically significant overall increase in inward FDI flows to countries that adopted the euro as their national currency. They also show that the EMU effect on inward FDI flows differs substantially across member countries.

Keywords: Currency Unions; Euro; EMU; FDI (search for similar items in EconPapers)
JEL-codes: F15 F21 F36 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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http://www.asecu.gr/Seeje/issue19/issue19-fountas.pdf (application/pdf)

Related works:
Working Paper: What is the Impact of Currency Unions on FDI flows? Evidence from Eurozone Countries (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:10:y:2012:i:2:p:87-98

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