Kamal Upadhyaya

Document Type


Publication Date


Subject: LCSH

Investments, Foreign




This paper identifies the factors that determine FDI inflows in the former socialist countries of Eastern and Central Europe. In our analysis, FDI inflows are modeled as a function of the market size (i.e., real GDP), inflation, the current account balance, the real exchange rate, openness and government regulation -- for the host country. Using data from 1995 to 2004, a panel data estimator suggests that the real exchange rate, openness of the economy and deregulation are the primary factors determining FDI inflows in these countries.


This is an open access article published in Economics Bulletin: Vol. 6 no.33 pp. 1-9.

Publisher Citation

Kamal Upadhyaya and Franklin Mixon, Jr. and Dharmendra Dhakal, (2007) ''Foreign direct investment and transition economies: empirical evidence from a panel data estimator'', Economics Bulletin, Vol. 6 no.33 pp. 1-9

Included in

Economics Commons



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