文章基本信息

标题：Foreign Direct Investment Inflows and Financial Development in Central and Eastern European Union Countries: A Panel Cointegration and Causality
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作者：Bayar, Yilmaz ; Gavriletea, Marius Dan
期刊名称：International Journal of Financial Studies
印刷版ISSN：2227-7072
出版年度：2018
卷号：6
期号：2
页码：1-13
出版社：MDPI, Open Access Journal
摘要：Foreign direct investment (FDI) inflows have increased considerably in the globalized world as of the mid-1980s. The main objective of this research is to analyze interactions between FDI inflows and financial sector development in Central and Eastern European Union countries between 1996 and 2015 with panel data analysis. Our findings reveal that there is no cointegrating relationship among FDI inflows, investments of foreign portfolio, and the development of financial sectors, but there is a one-way causality from development of financial sectors to FDI inflows over the short run.
关键词：financial development; foreign direct investment inflows; foreign equity investments; panel data analysis