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Determinants of foreign direct investment from OECD countries in Poland

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  • Andrzej Cieślik

    (University of Warsaw)

Abstract

In the last two decades, Poland became an important recipient of foreign direct investment most of which comes from the developed West European countries. This study uses panel data analysis to empirically examine the determinants of multinational activity of firms from the OECD member states in Poland during the period 1996–2015. The model’s estimated empirical specification is based on the modified knowledge-capital model of the multinational enterprise that includes two types of capital: human and physical. Our empirical evidence points to the vertical motive as the primary reason for undertaking foreign direct investment in Poland by multinational firms based in the OECD member states.

Suggested Citation

  • Andrzej Cieślik, 2020. "Determinants of foreign direct investment from OECD countries in Poland," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(1), pages 9-25, March.
    • Handle: RePEc:spr:eurase:v:10:y:2020:i:1:d:10.1007_s40822-019-00136-y
    DOI: 10.1007/s40822-019-00136-y
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    Cited by:

    1. Anh T. N. Nguyen & Andrzej Cieślik, 2021. "Determinants of foreign direct investment from Europe to Asia," The World Economy, Wiley Blackwell, vol. 44(6), pages 1842-1858, June.
    2. Zaneta Kubik, 2023. "The role of agricultural sector performance in attracting foreign direct investment in the food and beverages sector. Evidence from planned investments in Africa," Agribusiness, John Wiley & Sons, Ltd., vol. 39(3), pages 875-903, July.
    3. Andrzej Cieślik & Łukasz Goczek, 2022. "Who suffers and how much from corruption? Evidence from firm-level data," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(3), pages 451-473, September.
    4. Abdul Rashid & M. Kabir Hassan & Hafsa Karamat, 2021. "Firm size and the interlinkages between sales volatility, exports, and financial stability of Pakistani manufacturing firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 111-134, March.
    5. Cieślik, Andrzej & Ryan, Michael, 2023. "Host country corruption and Japanese outward foreign direct investment: A sectoral and industry-level analysis," Journal of Multinational Financial Management, Elsevier, vol. 70.
    6. Joel I. Deichmann & Stephen Grubaugh & Patrick Scholten, 2022. "FDI propensity and geo-cultural interaction in former Yugoslavia: pairwise analysis of origin and destination countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 12(3), pages 479-505, September.
    7. Jorge Silva, 2020. "Impact of public and private sector external debt on economic growth: the case of Portugal," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(4), pages 607-634, December.
    8. Beladi, Hamid & Deng, Jie & Hu, May, 2021. "Cross-border investment and corporate innovation: Evidence from the Chinese market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).

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    More about this item

    Keywords

    Foreign direct investment; OECD member states; Panel data analysis; Poland; Relative factor endowments;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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