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Attracting foreign direct investment: the public policy scope for South East European countries

Based on earlier empirical literature for Central and Eastern European Countries this paper attempts to analyze the likely impact of changes in corporate income taxes, in the endowment with production-related material infrastructure and in the institutional environment on Foreign Direct Investment (FDI) - and thus on one channel of regional development in South Eastern European Countries (SEECs). Specifically, we explore the scope for public policy to attract FDI separated by these three policy areas and across the SEECs. Our findings suggest that the potential for SEECs to attract FDI upon changes in these policy areas varies not only substantially between the three policy areas but also within the group of SEECs. Yet, as a general picture, most SEECs have substantial scope to attract FDI by improving their institutional environment as well as their infrastructure endowment. The tax instrument, in contrast, is largely exhausted as a means to attract FDI. Based on these findings some medium- and long-term policy issues are outlined.

Identiferoai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:5516
Date12 1900
CreatorsBellak, Christian, Leibrecht, Markus, Liebensteiner, Mario
PublisherAlexandru Ioan Cuza University Press
Source SetsWirtschaftsuniversität Wien
LanguageEnglish
Detected LanguageEnglish
TypeArticle, PeerReviewed
Formatapplication/pdf
RightsCreative Commons: Attribution 4.0 International (CC BY 4.0)
Relationhttp://ejes.uaic.ro/EJES2010_vol1_issue2.htm, http://ejes.uaic.ro/index.htm, http://ejes.uaic.ro/about_EJES.htm, http://epub.wu.ac.at/5516/

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