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The Invesment Development Path and the Product Cycle - and Integrated Approach: Empirical Evidence from the new EU member States of CEE

Constantina Kottaridi (), Fragkiskos Filippaios () and Marina Papanastassiou ()
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Marina Papanastassiou: Athens University of Economics and Business

No em-dp2004-03, Economics Discussion Papers from Department of Economics, University of Reading

Abstract: In a globalized environment, where intense competitive pressures constitute the main features, Central and eastern Europe is emerging as a promising investment host region. Following the main lines of Vernon's Produce Life Cycle (PLC), Hirsch's International Trade and Investment Theory of the Firm (ITITF) and Dunning's Investment Development Path (IDP), a theoretical argumentation is synthesized and basic hypotheses are posed and empirically tested. Results demonstrate that these economies are going through the second stage of Dip and confirm a complementary relationship between FDI and Imports as well as the importance of specific location advantages advantages as key determinants of inwards FDI in the region.

Keywords: CEE; product cycle; investment development path; in ward FDI; imports (search for similar items in EconPapers)
Pages: 26 pages
Date: 2004-02
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