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Foreign direct investment of Central and Eastern European countries, and the investment development path revisited

Author

Listed:
  • Marian GORYNIA

    (Poznañ University of Economics, Poland)

  • Jan NOWAK

    (Central European University, Hungary)

  • Rados³aw WOLNIAK

    (American Studies Centre of the University of Warsaw, Poland)

Abstract

The present study investigates long-term developments in inward and outward FDI of 10 Central and Eastern European (CEE) countries using Dunning’s investment development path (IDP) paradigm as a theoretical framework. Its main purpose is to determine how far the CEE countries have progressed along their IDPs since the beginning of transition. The results show that half of the analyzed countries have already reached Stage 3 of the IDP, while the other half are either firmly in Stage2 or are approaching Stage 3. With some notable exceptions, the study points to conformity of the analyzed IDP trajectories with Dunning’s model.

Suggested Citation

  • Marian GORYNIA & Jan NOWAK & Rados³aw WOLNIAK, 2010. "Foreign direct investment of Central and Eastern European countries, and the investment development path revisited," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 21-36, December.
    • Handle: RePEc:jes:journl:y:2010:v:1:p:21-36
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    Citations

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    Cited by:

    1. Gorynia, Marian & Nowak, Jan & Trąpczyński, Piotr & Wolniak, Radosław, 2019. "Friend or Foe? On the role of institutional reforms in the investment development path of Central and East European economies," International Business Review, Elsevier, vol. 28(3), pages 575-587.
    2. Yilmaz BAYAR & Mahmut Unsal SASMAZ, 2019. "Foreign borrowing, foreign direct investment inflows and economic growth in European Union transition economies," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 107-125, December.
    3. Niti Bhasin & Shilpa Garg, 2018. "Does Host Country Institutional Quality Act as a Differentiator in Intra-regional FDI? Evidence from Selected Asian Economies," Foreign Trade Review, , vol. 53(2), pages 81-97, May.
    4. Andreff, Wladimir & Andreff, Madeleine, 2017. "Multinational companies from transition economies and their outward foreign direct investment," Russian Journal of Economics, Elsevier, vol. 3(4), pages 445-474.
    5. Marta Gotz, 2013. "Exploring Foreign Direct Investment From Poland Using Grounded Theory Method," Oeconomia Copernicana, Institute of Economic Research, vol. 4(2), pages 73-96, June.

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