EU membership and FDI: Is There an Endogenous Credibility Effect?

Journal
Journal of East-West Business
Date Issued
2018-02-08
Author(s)
Aleksandar Stojkov
Thierry Warin
DOI
10.1080/10669868.2018.1431579
Abstract
The European sovereign debt crisis has increased the
uncertainty regarding the benefits and costs of membership
in the Economic and Monetary Union. In this article, we decided
not to propose a general model but to focus on one of the
important components of the European financial integration. In
particular, we develop a structural gravity model, influenced by
some very recent theoretical and econometric advancements.
This new structural gravity approach provides needed
theoretical underpinnings as well as strong support for the
econometric estimation of gravity models.
Subjects

Capital mobility; for...

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Stojkov, Aleksandar; Warin, Thierry -- EU Membership and FDI- Is There an Endogenous Credibility Effect_.pdf

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