Foreign direct investment and institutional reform : evidence and an application to Portugal

Author: A Alesina, A Bevan, A Bénassy-Quéré, A Chakrabarti, A Scaperlanda, B Blonigen, B Eichengreen, B Larraún, C Altomonte, C Buch, C Culem, D Hartman, D Hartman, D Wheeler, E Borensztein, E Stein, F Schneider, G Stevens, H Grubert, H Janicki, I Horstmann, I Kravis, J Botero, J Dunning, J Hines, J Hwang, J Love, J Silva, J Tavares, J Tavares, José Tavares, JY Lee, M Devereux, N Billington, O Bajo-Rubio, Paulo Jílio, PL Tsai, R Barrell, R Barrell, R Barro, R Biswas, R Caves, R Mooij de, Ricardo Pinheiro‚ÄìAlves, S Cassou, S Djankov, S Djankov, S Knack, SJ Wei, SJ Wei, SL Brainard, T Cavalcanti, T Gao, UNCTAD
Publisher: Springer Science and Business Media LLC

ABOUT BOOK

We examine the role of geographic, economic, and institutional factors in attracting Foreign Direct Investment (FDI) in Europe, using a cross-section of inward bilateral investments. We estimate and assess the expected benefits, the required reform efforts, and the efficiency of reform options corresponding to a con- vergence of Portuguese institutions to EU standards. We conclude that improving home institutions is likely to have a quantitatively very significant role in attracting FDI. Geographical and market size factors also play a role. Reforms promoting the independence of financial institutions and a leaner bureaucracy, lowering political risk and corruption, and improving the investment code may significantly affect the amount of bilateral inward FDI that is targeted to Portugal.info:eu-repo/semantics/publishedVersio

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