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What is the Impact of Currency Unions on FDI flows? Evidence from Eurozone Countries

Kyriacos Aristotelous () and Stilianos Fountas ()
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Kyriacos Aristotelous: Department of Business, Accounting, and Economics, Otterbein College

Discussion Paper Series from Department of Economics, University of Macedonia

Abstract: This paper investigates the effect of EMU on inward FDI flows to eurozone using panel data from 22 OECD countries for the period 1973-2006. The empirical findings suggest that the EMU led to a statistically significant overall increase in inward FDI flows to countries that adopted the euro as their national currency. They also show that the EMU effect on inward FDI flows differs substantially across member countries with the core countries having benefited mostly from FDI flows.

Keywords: bank Currency Unions; Euro; EMU; FDI. (search for similar items in EconPapers)
JEL-codes: F15 F21 F36 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn
Date: 2009-05, Revised 2009-05
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http://aphrodite.uom.gr/econwp/pdf/dp1009.pdf

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Journal Article: What is the Impact of Currency Unions on FDI Flows? Evidence from Eurozone Countries (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:mcd:mcddps:2009_10

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