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Les déterminants des investissements directs européens dans les pays d’Europe Centrale et Orientale

Author

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  • Dupuch, Sébastien

    (Centre d’économie)

  • Milan, Christelle

    (Centre d’économie)

Abstract

This article focuses on the determinants of European FDI (foreign direct investment) in the Central and Eastern Europe countries (CEECs). Our estimation is run on a panel data set covering the 1993-1998 period. Our results show that wage costs differences between the CEECs do not affect the pattern of FDI contrary to wage differences between European Union (EU) member countries and the EU applicants. The human capital effect is sensitive to the construction of the education variable and to the sample. Finally, the market size, the geographic proximity and the privatization method explain a great part of bilateral FDI to the applicant countries. Cet article s’intéresse aux déterminants des investissements directs étrangers européens dans les pays d’Europe centrale et orientale. L’estimation est effectuée en données de panel et porte sur la période 1993-1998. Nous montrons que les écarts de coûts salariaux entre les PECO ne constituent pas un facteur déterminant des investissements étrangers contrairement au différentiel de salaire entre les pays de l’Union européenne (UE) et les pays candidats. L’effet du capital humain apparaît sensible à la construction de la variable d’éducation et au choix de l’échantillon tandis que l’importance de la taille des marchés, de la proximité géographique et du choix de méthode de privatisation contribuent à expliquer les flux d’investissements directs européens à destination des PECO.

Suggested Citation

  • Dupuch, Sébastien & Milan, Christelle, 2005. "Les déterminants des investissements directs européens dans les pays d’Europe Centrale et Orientale," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(3), pages 521-534, Septembre.
    • Handle: RePEc:ris:actuec:v:81:y:2005:i:3:p:521-534
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