An Assessment of Foreign Direct Investment Towards the BSEC Transition Economies

Christos Papazoglou and Panagiotis Liargovas

Economia Internazionale / International Economics, 1997, vol. 50, issue 3, 475-487

Abstract: This paper represents an attempt to empirically determine the main factors affecting foreign investment inflows in the Black Sea Economic Cooperation (BSEC) transition economies. The analysis indicates that the timing and form of the privatization process as well as the progress towards liberalization constitute the two more important factors explaining the moderate performance of these countries in attracting foreign investment. Other factors such as, the size of the market, the strength of trade linkages, and labour costs also exert significant influence on the volume of foreign investment in the region.

JEL-codes: F21 (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0334

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