AN ANALYSIS OF THE RE-ALLOCATION OF INVESTORS BETWEEN FOREIGN DIRECT INVESTMENT AND FOREIGN PORTFOLIO INVESTMENT AFTER EUROPEAN INTEGRATION

Gabriela Prelipcean, Elena Hlaciuc, Mircea Boşcoianu and Mariana Lupan
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Elena Hlaciuc: University "Ştefan cel Mare", Suceava
Mircea Boşcoianu: University "Ştefan cel Mare", Suceava

Theoretical and Applied Economics, 2007, vol. 11(516)(supplement)(vol2), issue 11(516)(supplement)(vol2), 373-380

Abstract: There are two major types of international equity flows. In the economic literature there are only few publications in the field of explaining bilateral correlation between Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) in a robust analytical framework. We consider Lipsey-Razin model to highlight the major differences between the two types of investments (FDI with better control and supervision versus FPI with less control over domestic firms). The re-allocation of investors between FDI and FPI after European integration is very interesting especially in the context of euro macroeconomic cyclicity which leads welfare parameters an early withdrawal.

Keywords: FDI; FPI; re-allocation of investors; European integration; macroeconomic cycle. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(516)(supplement)(vol2):y:2007:i:11(516)(supplement)(vol2):p:373-380

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