Publication
Nov 2009
This paper analyzes foreign direct investment (FDI) decisions by German firms with and without affiliates in the Czech Republic at different stages of transition. The authors find that FDI entry strongly depends on firm productivity immediately after the political and economic regime change, but less so with diminishing uncertainty. Likewise, they show that distance-related transaction costs discourage FDI by latecomers considerably less than FDI by early movers.
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English (PDF, 18 pages, 176 KB) |
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Author | Henning Mühlen, Peter Nunnenkamp |
Series | Kiel Institute Working Papers |
Issue | 1571 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |