97-110

• Λυρούδη, Κατερίνα
• Παπαναστασίου, Γιάννης Α.
• Βαμβακίδης, Αθανάσιος

Empirical research on the effects of Foreign Direct Investment (FDI) on economic growth mainly focuses on the US and the western European countries. The objective of this paper is to investigate the existence and the nature of the effect of FDI on the rate of growth of a panel of transition economies. We apply Bayesian analysis. Our results indicate that FDI does not exhibit any significant relationship with economic growth for the transition countries.

• Economics and Business
• Computer and information sciences

• Economic development
• Finance
• Statistics

Foreign Direct Investment (FDI), economic growth, transition economies

Περιέχει πίνακες, σημειώσεις και βιβλιογραφία, The authors would like to thank delegates to the Amiens conference in January 2002, for their comments on the first version of this paper., JEL Classification: F23: Multinational Firms - International businessP2: Socialist Systems and Transitional Economies