Attracting Foreign Direct Investment: The Public Policy Scope for South East European Countries
Bellak C, Leibrecht M, Liebensteiner M (2010)
Publication Language: English
Publication Type: Journal article
Publication year: 2010
Journal
Book Volume: 1
Pages Range: 37-53
Journal Issue: 2
Abstract
Based on earlier empirical literature for Central and Eastern European Countries this paper attempts to analyze the likely impact of changes in corporate income taxes, in the endowment with production-related material infrastructure and in the institutional environment on Foreign Direct Investment (FDI) – and thus on one channel of regional development in South Eastern European Countries (SEECs). Specifically, we explore the scope for public policy to attract FDI separated by these three policy areas and across the SEECs. Our findings suggest that the potential for SEECs to attract FDI upon changes in these policy areas varies not only substantially between the three policy areas but also within the group of SEECs. Yet, as a general picture, most SEECs have substantial scope to attract FDI by improving their institutional environment as well as their infrastructure endowment. The tax instrument, in contrast, is largely exhausted as a means to attract FDI. Based on these findings some medium- and long-term policy issues are outlined.
Authors with CRIS profile
Mario Liebensteiner
Juniorprofessur für Wirtschaftswissenschaften (Energiemärkte und Energiesystemanalyse)
Involved external institutions
Austria (AT)How to cite
APA:
Bellak, C., Leibrecht, M., & Liebensteiner, M. (2010). Attracting Foreign Direct Investment: The Public Policy Scope for South East European Countries. Eastern Journal of European Studies , 1(2), 37-53.
MLA:
Bellak, Christian, Markus Leibrecht, and Mario Liebensteiner. "Attracting Foreign Direct Investment: The Public Policy Scope for South East European Countries." Eastern Journal of European Studies 1.2 (2010): 37-53.
BibTeX: Download