FDI and financial development: evidence from eight post-communist countries

FDI, Productivity and Financial Development

This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we found that FDI is beneficial for growth only if the host country has well-developed financial institutions. In this paper, we investigate whether this effect operates through factor accumulation and/or improvements in...

Panel Causality Relationship Among FDI And Trade (Evidence From 16 Advanced Europe Countries)

Mental health in post-communist countries.

Massive political, economic, and social changes in eastern and central Europe since the 1990s have created conditions of instability and stress, which are associated with troubling trends in health. Severe economic constraints after the collapse of the former Soviet Union followed by patchy economic growth have contributed to marked inequalities in income and social upheaval. These changes have...

How Financial Development Caused Economic Growth in Apec Countries: Financial Integration with Fdi or Privatization without Fdi

Politicians fashionably argue in favour of financial development to promote economic growth following the seminal study of King and Levine (1993a and 1993b). Financial development, however, could come through alternative channels that are sometimes not compatible in small, open economics. A relatively popular channel promotes privatization of domestic financial intermediaries but with restricti...

Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries

To understand the transformation of banking in the post-communist transition, this paper examines the cost efficiency of 289 banks in 15 east European countries. The findings showed that banking systems in which foreign-owned banks have a larger share of total assets record lower costs and that the association between a country’s progress in banking reform and cost efficiency is non-linear. Ear...