THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN Regional Determinants of FDI Distribution in Poland

THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America

This paper investigates the role of structural reforms – privatization, financial reform and trade liberalization– as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main finding is a strong empirical relationship from reforms to FDI, in particular, from financial liberalizati...

THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN BUSINESS SCHOOL Who Is in Favor of Enlargement? Determinants of Support for EU Membership in the Candidate Countries’ Referenda

We analyze support for EU membership as expressed in voting patterns in the candidate countries’ referenda on EU membership, using regional referendum results and individual survey data on voting intentions. We find that favorable individual and regional characteristics are positively correlated with support for accession and voter participation. In contrast, those who should benefit from futur...

THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN BUSINESS SCHOOL Growth and Regional Inequality in China During the Reform Era

Chinese city-level data indicate that differences in growth rates are far more severe than indicated in previous studies which typically use data at higher levels of aggregation. We estimate growth equations using city-level data and find that the policy of awarding a special economic zone status enhances growth substantially, increasing annual growth rates by 5.5 percentage points. Annual grow...

THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN BUSINESS SCHOOL Formation of social capital in Central and Eastern Europe: Understanding the gap vis-à-vis developed countries

The William Davidson Institute at the University of Michigan Current Account Sustainability in Selected Transition Countries

The article examines the question of whether the current account deficits seen in selected transition economies in recent years mainly as a symptom of the dynamic economic activity of the catching-up process are a source of potential macroeconomic destabilisation. Given the possible significant reduction of capital flows, as well as restrictions and lessons from recent financial crises, current...