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The Determinants of Foreign Direct Investment in Transition Economies: A Meta‐analysis
Author(s) -
Tokunaga Masahiro,
Iwasaki Ichiro
Publication year - 2017
Publication title -
the world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/twec.12477
Subject(s) - foreign direct investment , meta regression , economics , meta analysis , publication bias , selection bias , transition (genetics) , soviet union , transition countries , investment (military) , selection (genetic algorithm) , transition economy , regression analysis , international economics , econometrics , macroeconomics , political science , market economy , statistics , politics , medicine , biochemistry , chemistry , mathematics , artificial intelligence , gene , computer science , law
In this paper, we conduct a meta‐analysis of studies that empirically examine the relationship between economic transformation and foreign direct investment ( FDI ) performance in Central and Eastern Europe and the former Soviet Union over the past quarter century. More specifically, we synthesise the empirical evidence reported in previous studies that deal with the determinants of FDI in transition economies, focusing on the impacts of transition factors. We also perform meta‐regression analysis to specify determinant factors of the heterogeneity among the relevant studies and the presence of publication‐selection bias. We find that the existing literature reports a statistically significant non‐zero effect as a whole, and a genuine effect is confirmed for some FDI determinants beyond the publication‐selection bias.