{"title":"Distributional effects of foreign versus domestic investment: Evidence from post-communist EU member states","authors":"Kosta Josifidis, Novica Supic, S. Bodor","doi":"10.2298/PAN2102187J","DOIUrl":null,"url":null,"abstract":"The paper provides insight into the relationship between foreign and domestic\n investment, and its effect on income distribution in the post-communist EU\n member states. The analysis is conducted using the general method of moment\n (GMM) estimator on panel data of the 10 Central and Eastern European (CEE)\n new member states from 1993-2017. The results reveal that a greater level of\n foreign direct investments (FDI) contributed to eliminating the negative\n effects of domestic investment on income distribution, particularly mass\n layoffs and the transfer of wealth into the hands of a small economic and\n political elite. It leads to the conclusion that FDI has played a\n significant role in reducing income inequality and rebuilding the middle\n class in the post-communist EU member states.","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":" ","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2021-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Panoeconomicus","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.2298/PAN2102187J","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 3
Abstract
The paper provides insight into the relationship between foreign and domestic
investment, and its effect on income distribution in the post-communist EU
member states. The analysis is conducted using the general method of moment
(GMM) estimator on panel data of the 10 Central and Eastern European (CEE)
new member states from 1993-2017. The results reveal that a greater level of
foreign direct investments (FDI) contributed to eliminating the negative
effects of domestic investment on income distribution, particularly mass
layoffs and the transfer of wealth into the hands of a small economic and
political elite. It leads to the conclusion that FDI has played a
significant role in reducing income inequality and rebuilding the middle
class in the post-communist EU member states.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
