The Impact of Eurozone Crisison Foreign Direct Investment Inflows in the EU 15

Ersoy İ. S., Erol K. O.

Global Business and Economics Review, cilt.18, ss.216-226, 2016 (Scopus)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 18
  • Basım Tarihi: 2016
  • Dergi Adı: Global Business and Economics Review
  • Derginin Tarandığı İndeksler: Scopus
  • Sayfa Sayıları: ss.216-226
  • Marmara Üniversitesi Adresli: Evet

Özet

The aim of this paper is to scrutinise the impact of financial crises on foreign direct investments (FDIs) of the EU-15 by using dynamic panel data analysis. The empirical analysis depicts that financial crisis is one of the most important determinants of FDI inflows in the EU-15. Our main finding is that contrary to global financial crisis, Euro-zone crisis has increased FDI inflows to Greece, Italy, Ireland, Portugal and Spain (GIIPS). Yet, FDI inflows in crisis time do not always indicate successful FDI policy.