{"id":1274,"date":"2023-02-13T16:19:16","date_gmt":"2023-02-13T16:19:16","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/"},"modified":"2023-02-13T16:19:16","modified_gmt":"2023-02-13T16:19:16","slug":"determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/","title":{"rendered":"Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia&#8217;s Performance"},"content":{"rendered":"\nUsing a panel dataset of bilateral flows of foreign direct investment (FDI), we study the determinants of FDI in transition economies, with particular reference to Macedonia\u2019s performance. As many transition countries, Macedonia has a low FDI potential and performance. The empirical work confirms the expectation of the positive feedback effect of past FDI onto current FDI. We do not have enough large dataset to say that all other variables, such as the GDP of the host and source country, unit labour cost, trade, inflation, legal environment, distance, and dummy variables capturing the language, common border and colonizing effect, do not have an effect on FDI stocks. Our suggestion is that all the econometric findings on the determinants of FDI in transition economies using small dataset and static models should be accepted only with caution.\n\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[],"keyword":[491,493,494,495,492],"class_list":["post-1274","publication","type-publication","status-publish","hentry","keyword-foreign-direct-investments","keyword-gravity","keyword-model","keyword-panel-data-estimation","keyword-transition-countries"],"acf":{"year":2008,"month":10,"day":"","volume":"","number":"019","pages":35,"reviewed":"0","citeid":"FIW_WP_019","fiwseries":"FIW Working Papers","event":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia&#039;s Performance - FIW<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia&#039;s Performance - FIW\" \/>\n<meta property=\"og:description\" content=\"Using a panel dataset of bilateral flows of foreign direct investment (FDI), we study the determinants of FDI in transition economies, with particular reference to Macedonia\u2019s performance. As many transition countries, Macedonia has a low FDI potential and performance. The empirical work confirms the expectation of the positive feedback effect of past FDI onto current [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/\" \/>\n<meta property=\"og:site_name\" content=\"FIW\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_short_rgb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CentreFiw\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/\",\"name\":\"Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia's Performance - FIW\",\"isPartOf\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\"},\"datePublished\":\"2023-02-13T16:19:16+00:00\",\"dateModified\":\"2023-02-13T16:19:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/publications\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia&#8217;s Performance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"name\":\"FIW\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fiw.ac.at\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\",\"name\":\"FIW\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"contentUrl\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"width\":843,\"height\":843,\"caption\":\"FIW\"},\"image\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CentreFiw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia's Performance - FIW","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fiw.ac.at\/en\/publications\/determinants-of-foreign-direct-investment-in-transition-economies-with-particular-reference-to-macedonias-performance\/","og_locale":"en_US","og_type":"article","og_title":"Determinants of Foreign Direct Investment in Transition Economies: With particular Reference to Macedonia's Performance - FIW","og_description":"Using a panel dataset of bilateral flows of foreign direct investment (FDI), we study the determinants of FDI in transition economies, with particular reference to Macedonia\u2019s performance. 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