Direct Investment in a Small Open Economy: The Case of Greece

Dimitri Mardas () and Nikos Varsakelis ()
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Dimitri Mardas: Aristotle University of Thessaloniki, Department of Economics, Postal: P.O. Box 184 54124, Thessaloniki Greece, http://www.auth.gr/econ/

Economia Internazionale / International Economics, 1996, vol. 49, issue 3, 401-415

Abstract: This paper examines the main factors that affect the strategic decision of the multinational enterprises to enter the Greek market. It answers the question whether the foreign firms under analysis intended to exploit the comparative advantage of the country or the monopolistic or oligopolistic advantage provided by the structure of the domestic market. The first part of the paper discusses the trend of FDI in Greece in the post war era and analyses the motivation of multinationals to establish affiliates in Greece in the same period. The second part tests the main determinants for the FDI decision through a single equation model using cross section data.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0362

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