Role of foreign direct investment stock in business cycle synchronization  

Oleh:

Ševela, Marcel

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Procedia - Social and Behavioral Sciences vol. 220 (May 2016), page 1-7.
Topik: Business cycle synchronisation; foreign direct investment stock; foreign trade; product structure; transition countries; trade distance; panel data.
Fulltext: Procedia v220 Page 506.pdf (162.73KB)

Isi artikel

The business cycle synchronization was widely discussed before the last economic crisis and now the interest in this topic revives. The majority of business cycle synchronization literature stresses the role of mutual trade and similarities among the economies, while the investment links are very often quite ignored or marginalized. The paper aims to estimate the role of continually increasing stock of foreign direct investment in synchronization of business cycles of Central European economies with business cycles of their most important trade partners. The extent of trade flows, industrial structure similarity and selected trade environment variables are used to extend the regression formula.

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