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Determinants of foreign direct investment from EU-15 Countries in Poland

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  • Cieślik Andrzej

    (Faculty of Economic Sciences, University of Warsaw, Długa 44/50, 00-241Warszawa, Poland)

Abstract

During the last two decades, Poland has become a large recipient of inward foreign direct investment (FDI). This article uses standard panel data techniques to study empirically the determinants of inward FDI in Poland during the period 1996–2015 made by multinational enterprises coming from the old European Union (EU)-15 member states. The estimated specification is derived from the knowledge-capital (KC) model and includes two types of capital: human and physical. The assembled empirical evidence points to the horizontal motive as the primary reason for undertaking FDI in Poland by multinational firms based in the old EU-15 member states. Moreover, the KC model does not seem to explain better the pattern of inward FDI in Poland compared to the standard ad hoc gravity model of international capital mobility.

Suggested Citation

  • Cieślik Andrzej, 2019. "Determinants of foreign direct investment from EU-15 Countries in Poland," Central European Economic Journal, Sciendo, vol. 6(53), pages 39-52, January.
    • Handle: RePEc:vrs:ceuecj:v:6:y:2019:i:53:p:39-52:n:3
    DOI: 10.2478/ceej-2019-0007
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    3. Batrancea Ioan & Rathnaswamy Malar Mozi & Gaban Lucian & Fatacean Gheorghe & Tulai Horia & Bircea Ioan & Rus Mircea-Iosif, 2020. "An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries," JRFM, MDPI, vol. 13(7), pages 1-24, July.
    4. Maciej Gawrysiak & Aleksandra Mazur-Pietrzak & Sebastian Stępień, 2019. "The Dynamics And Determinants Of Foreign Direct Investment In Selected Asean Countries," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(21), pages 1-3.
    5. Andrzej Cieślik & Oleg Gurshev, 2023. "Factor Endowments, Economic Integration, Sanctions, and Offshores: Evidence from Inward FDI in Russia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(4), pages 617-649, December.

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    More about this item

    Keywords

    factor endowments; foreign direct investment; EU-15 member states; panel data analysis; Poland;
    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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