Foreign Direct Investment in the Real and Financial Sector of Industrial Countries

ISBN-13: 9783540005100 / Angielski / Twarda / 2003 / 366 str.

Robert Lipsey; Heinz Herrmann; Heinz Herrmann

Opis

A collection of papers on the determinants and consequences of foreign direct investment (FDI) in the real and financial sectors of industrial countries. The text sheds new light on the determinants of FDI, in particular the role of governmental incentives. Another main topic is the role of FDI in the east European accession countries. It provides insights into the question of whether EU enlargement will have consequences for capital flows into those countries. Since the start of European monetary union, the discussion on cross-border mergers in the European banking industry has intensified. The final part of the book contains contributions to this debate.

Recenzje

From the reviews:

"The book covers a broad range of empirical FDI issues ... . In an excellent introduction, the editors assemble the chapters in a way such that this coherent overall picture emerges. Discussions after almost every chapter by many high-profile economists enrich the book further. The book is an obligatory reading both for students and economists who want to gain an overview over facts and literature on empirical FDI research, as well as researchers who want to obtain an update from the research frontier ... ." (Dieter Urban, Review of World Economics, Vol. 140 (2), 2004)

Spis treści

Foreign Direct Investment in the Real and Financial Sector of Industrial Countries: A Summary.- 1 Host-Country Determinants of U.S. Foreign Direct Investment into Europe.- Discussion.- 2 The Economics of Foreign Direct Investment Incentives.- Discussion.- 3 Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment.- 4 Fiscal Policies, European Integration and Structural Changes in the Location of German Foreign Direct Investment.- Discussion.- 5 Ownership, Capital or Outsourcing: What Drives German Investment to Eastern Europe?.- 6 Is there a Potential for Increases in FDI for Central and Eastern European Countries Following EU Accession?.- Discussion.- 7 EU Accession and Prospective FDI Flows to CEE Countries: A View from Ireland.- Discussion.- 8 A “new” Micro Database for German FDI.- 9 Foreign Direct Investment: Who Cares about Ownership?.- Discussion.- 10 Determinants of Cross-Border Mergers in European Banking.- Discussion.- 11 Cross-border Mergers in European Banking and Bank Efficiency 295 Rudi Vander Vennet.- Discussion.- 12 Determinants of Cross-Border Bank Mergers: Is Europe Different?.- Discussion.- Notes on Contributors.