The impact of Euro-zone crisis on foreign direct investment inflows in the EU-15

İmre Ersoy and Kazım Okan Erol

Global Business and Economics Review, 2016, vol. 18, issue 2, 216-226

Abstract: The aim of this paper is to scrutinise the impact of financial crises on foreign direct investments (FDIs) of the EU-15 by using dynamic panel data analysis. The empirical analysis depicts that financial crisis is one of the most important determinants of FDI inflows in the EU-15. Our main finding is that contrary to global financial crisis, Euro-zone crisis has increased FDI inflows to Greece, Italy, Ireland, Portugal and Spain (GIIPS). Yet, FDI inflows in crisis time do not always indicate successful FDI policy.

Keywords: foreign direct investment; FDI inflows; European Union; financial crisis; dynamic panel data models; Eurozone crisis; EU-15. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:18:y:2016:i:2:p:216-226

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