What determines the portfolio investment flows to Central and Eastern European Countries in the European Union 2001-2017?

Donny Tang
Additional contact information
Donny Tang: Temple University, Philadelphia, USA

Theoretical and Applied Economics, 2020, vol. XXVII, issue 4(625), Winter, 21-42

Abstract: This study estimates whether the Central and Eastern European (CEE) financial market integration and higher trade flows can explain the foreign portfolio investment inflows since EU accession during 2001-2017. The results suggest that the stock market development has facilitated the foreign portfolio equity flows during the European Union (EU) and crisis periods. But it only has positive effect on the foreign portfolio debt flows during the EU period. In contrast, the banking sector development has very weak effect on the foreign portfolio investment. The higher bank development has only increased the foreign portfolio equity flows during the EU period.

Keywords: economic integration; European Union; portfolio investment; financial market. (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/1491.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1491&rid=141 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:4(625):y:2020:i:4(625):p:21-42

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().