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The value of waiting: Russia's integration into the international capital markets

Article Abstract:

Russia joined the international capital markets but foreign direct investments have been scarce and portfolio capitals are coming in temporarily. A study reveals that unclear macroeconomic stabilization affects the number of capital inflows negatively in irreversible investment decisions. However, lessening the uncertainty may bring more investments if the level of irreversibility is not lowered by institutional changes.

Author: Buch, Claudia M., Pierdzioch, Christian, Heinrich, Ralph P.
Publisher: Academic Press, Inc.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 1999
Net Foreign Investment, Russia, Capital market, Capital markets

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Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis

Article Abstract:

The dynamic panel data methods are used to study the determinants of foreign direct investment (FDI) into Central and Eastern European countries (CEECs). The empirical model shows that the traditional determinants such as market potential, low relative unit labor costs, a skilled workforce and relative endowments, have significant and plausible effects.

Author: Carstensen, Kai, Toubal, Farid
Publisher: Academic Press, Inc.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2004
Europe, Comparative analysis, Foreign direct investment

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Subjects list: Foreign investments, Economic aspects
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