Foreign Direct Investment Flows and IMF Lending Programs. New Empirical Evidence from CESEE Countries

Sorin Anton ()

Scientific Annals of Economics and Business, 2016, vol. 63, issue 3, 311-320

Abstract: The aim of the paper it to assess the “catalytic effect” of IMF lending programs on foreign direct investment (FDI) flows to Central, Eastern and South-Eastern European (CESEE) countries during and after the latest global financial crisis. This paper provides new empirical evidence on this catalytic effect while controlling for banking stability. Our results show that IMF lending programs had a negative catalytic effect on FDI flows to emerging economies from CESEE over the period 1999-2013. Other key determinants of FDI flows to these countries are inflation, current account balance, level of education, and infrastructure.

Keywords: IMF; catalytic effect; FDI flows; financial crisis; Central; Eastern and South-Eastern Europe (search for similar items in EconPapers)
JEL-codes: F33 F34 G01 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1515/saeb-2016-0124 (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:vrs:aicuec:v:63:y:2016:i:3:p:311-320:n:2

DOI: 10.1515/saeb-2016-0124

Access Statistics for this article

Scientific Annals of Economics and Business is currently edited by Ovidiu Stoica

More articles in Scientific Annals of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().