Accesso libero

Foreign direct investment and international trade across the former Soviet economies: What do we know after 30 years of research?

   | 06 ott 2023
INFORMAZIONI SU QUESTO ARTICOLO

Cita

Adarov, A. (2018). Eurasian economic integration: Impact evaluation using the gravity model and the synthetic control methods (Working Paper, No. 150). The Vienna Institute for International Economic Studies (WIIW). https://wiiw.ac.at/eurasian-economic-integration-impact-evaluation-using-the-gravity-model-and-the-synthetic-control-methods-dlp-4611.pdf Search in Google Scholar

Adarov, A., & Ghodsi, M. (2021). The impact of the Eurasian Economic Union–Iran preferential trade agreement on mutual trade at aggregate and sectoral levels. Eurasian Economic Review, 11(1), 125-157. https://doi.org/10.1007/s40822-020-00161-2 Search in Google Scholar

Andresson, K., Reiljan, J., & Reiljan, E. (2001). Attractiveness of Central and Eastern European countries for Foreign Direct Investment in the context of European integration: The case of Estonia. In 41st ERSA Conference Paper (ersa01p35), European Regional Science Association. Search in Google Scholar

Akulava, M., & Vakhitova, G. (2010). The impact of FDI on firm’s performance across sectors: Evidence from Ukraine (Working Paper, No. 010). BEROC. https://beroc.org/upload/iblock/ed2/ed28df87f965349aca8342302ce42635.pdf Search in Google Scholar

Alexeev, M., & Conrad, R. (2009). The elusive curse of oil. The Review of Economics and Statistics, 91(3), 586-598. https://doi.org/10.1162/rest.91.3.586 Search in Google Scholar

Anderson, J. E. (1979). A theoretical foundation for the gravity equation. American Economic Review, 69(1), 106-116. http://www.jstor.org/stable/1802501?origin=JSTOR-pdf Search in Google Scholar

Anderson, J. E., & van Wincoop, E. (2003). Gravity with gravitas: A solution to the border puzzle. American Economic Review, 93(1), 170-192. https://doi.org/10.1257/000282803321455214 Search in Google Scholar

Aitken, B. J., & Harrison, A. E. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. American Economic Review, 89(3), 605-618. https://doi.org/10.1257/aer.89.3.605 Search in Google Scholar

Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277-297. https://doi.org/10.2307/2297968 Search in Google Scholar

Asiedu, E., & Lien, D. (2011). Democracy, foreign direct investment and natural resources. Journal of International Economics, 84(1), 99-111. https://doi.org/10.1016/j.jinteco.2010.12.001 Search in Google Scholar

Azman-Saini, W. N. W., Baharumshah, A. Z., & Law, S. H. (2010). Foreign direct investment, economic freedom and economic growth: International evidence. Economic Modelling, 27(5), 1079-1089. https://doi.org/10.1016/j.econmod.2010.04.001 Search in Google Scholar

Babetskaia-Kukharchuk, O., & Maurel, M. (2004). Russia’s accession to the WTO: The potential for trade increase. Journal of Comparative Economics, 32(4), 680-699. https://doi.org/10.1016/j.jce.2004.08.005 Search in Google Scholar

Baier, S. L., & Bergstrand, J. H. (2007). Do free trade agreements actually increase members’ international trade? Journal of International Economics, 71(1), 72-95. https://doi.org/10.1016/j.jinteco.2006.02.005 Search in Google Scholar

Balassa, B. (1965). Trade liberalization and “revealed” comparative advantage. The Manchester School of Economic and Social Studies, 33(2), 99-123. https://doi.org/10.1111/j.1467-9957.1965.tb00050.x Search in Google Scholar

Balassa, B. A. (1989). “Revealed” comparative advantage revisited. In B. A. Balassa, Comparative advantage, trade policy and economic development (pp. 63-79). New York University Press. Search in Google Scholar

Blanchard, O., & Kremer, M. (1997). Disorganization. The Quarterly Journal of Economics, 112(4), 1091-1126. https://doi.org/10.1162/003355300555439 Search in Google Scholar

Borsos-Torstila, J. (1997). Foreign Direct Investment and technology transfer. Results of a survey in selected branches in Estonia (Keskustelauiheita Discussion Papers, No. 580). Elinkeinoelämän Tutkimuslaitos (ETLA). https://www.etla.fi/wp-content/uploads/dp580.pdf Search in Google Scholar

Borsos, J., & Erkkilä, M. (2002). Regional integration in the Baltic Rim-FDI and trade-based integration in the triangle of Finland, Estonia and St. Petersburg (Discussion Papers, No. 539). The Research Institute of the Finnish Economy (ETLA). https://www.econstor.eu/bitstream/10419/187151/1/dp539.pdf Search in Google Scholar

Bergstrand, J. H., & Egger, P. (2007). A knowledge and physical capital model of international trade flows, Foreign Direct Investment and multinational enterprises. Journal of International Economics, 73(2), 278-308. https://doi.org/10.1016/j.jinteco.2007.03.004 Search in Google Scholar

Bergstrand, J. H., & Egger, P. (2013). Shouldn’t physical capital also matter for multinational enterprise activity? Review of International Economics, 21(5), 945-965. https://doi.org/10.1111/roie.12081 Search in Google Scholar

Bradshaw, M. J. (1997). The geography of foreign investment in Russia, 1993-1995. Tijdschrift voor Economische en Sociale Geografie, 88(1), 77-84. https://doi.org/10.1111/j.1467-9663.1997.tb01585.x Search in Google Scholar

Brock, G. (1998). Foreign Direct Investment in Russia’s regions 1993-95. Why so little, and where has it gone? Economics of Transition, 6(2), 349-360. https://doi.org/10.1111/j.1468-0351.1998.tb00053.x Search in Google Scholar

Brock, G. (2005). Regional growth in Russia during the 1990s – what role did FDI play? Post-Communist Economies, 17(3), 319-329. https://doi.org/10.1080/14631370500204222 Search in Google Scholar

Busse, M., & Hefeker, C. (2007). Political risk, institutions and foreign direct investment. European Journal of Political Economy, 23(2), 397-415. https://doi.org/10.1016/j.ejpoleco.2006.02.003 Search in Google Scholar

Campos, N. F. (2004). What does WTO membership kindle in transition economies? An empirical investigation. Journal of Economic Integration, 19(2), 395-415. https://doi.org/10.11130/jei.2004.19.2.395 Search in Google Scholar

Caves, R. E. (2007). Multinational enterprise and economic analysis (2nd ed.). Cambridge University Press. https://doi.org/10.1017/CBO9780511619113 Search in Google Scholar

Cuervo-Cazurra, A. (2008). Better the devil you don’t know: Types of corruption and FDI in transition economies. Journal of International Management, 14(1), 12-27. https://doi.org/10.1016/j.intman.2007.02.003 Search in Google Scholar

Čičak, K., & Sorić, P. (2015). The interrelationship of FDI and GDP in European transition countries. International Journal of Management Science and Business Administration, 1(4), 41-58. https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.14.1003 Search in Google Scholar

Cieślik, A. (2009). Bilateral trade volumes, the gravity equation and factor proportions. The Journal of International Trade & Economic Development, 18(1), 37-59. https://doi.org/10.1080/09638190902757400 Search in Google Scholar

Cieślik, A., & Goczek, Ł. (2018). Control of corruption, international investment, and economic growth-evidence from panel data. World Development, 103, 323-335. https://doi.org/10.1016/j.worlddev.2017.10.028 Search in Google Scholar

Cieślik, A., & Gurshev, O. (2020). Determinants of inward FDI in Ukraine: Does political stability matter? International Journal of Management and Economics, 56(3), 243-254. https://doi.org/10.2478/ijme-2020-0021 Search in Google Scholar

Cieślik, A., & Gurshev, O. (2021). Factor endowments, economic integration, round-tripping, and inward FDI: Evidence from the Baltic economies. Journal of Risk and Financial Management, 14(8), 348. https://doi.org/10.3390/jrfm14080348 Search in Google Scholar

Cieślik, A., & Gurshev, O. (2022a). Factor endowments, economic integration, sanctions, and offshores: Evidence from inward FDI in Russia. Journal of Comparative Economic Studies, 1-33. https://doi.org/10.1057/s41294-022-00202-6 Search in Google Scholar

Cieślik, A., & Gurshev, O. (2022b). Friends with or without benefits? An empirical evaluation of bilateral trade and economic integration between some of the post-Soviet Economies. Eurasian Economic Review, 12, 769-795. https://doi.org/10.1007/s40822-022-00213-9 Search in Google Scholar

Cieślik, A., & Gurshev, O. (2023). Trade policies in Central Asia after EAEU enlargement and after Russian WTO accession: Regionalism and integration into the world economy revisited. Eurasian Geography and Economics, 1-23. https://doi.org/10.1080/15387216.2022.2162098 Search in Google Scholar

Crespo, N., & Fontoura, M. P. (2007). Determinant factors of FDI spillovers – what do we really know? World Development, 35(3), 410-425. https://doi.org/10.1016/j.worlddev.2006.04.001 Search in Google Scholar

Czerewacz-Filipowicz, K. (2019). Euroazjatycka Unia Gospodarcza jako element Inicjatywy Pasa i Drogi [The Eurasian Economic Union as an element of the Belt and Road Initiative]. Comparative Economic Research, 22(2), 23-37. https://doi.org/10.2478/cer-2019-0010 Search in Google Scholar

Djankov, S., & Freund, C. (2002a). Trade flows in the former Soviet Union, 1987 to 1996. Journal of Comparative Economics, 30(1), 76-90. https://doi.org/10.1006/jcec.2001.1752 Search in Google Scholar

Djankov, S., & Freund, C. (2002b). New borders: Evidence from the former Soviet Union. Weltwirtschaftliches Archiv, 138(3), 493-508. https://doi.org/10.1007/BF02707951 Search in Google Scholar

Damgaard, J., Elkjaer, T., & Johannesen, N. (2019). What is real and what is not in the global FDI network? (Working Paper, No. 274). International Monetary Fund. https://www.imf.org/en/Publications/WP/Issues/2019/12/11/what-is-real-and-what-is-not-in-the-global-fdi-network Search in Google Scholar

Dunning, J. H. (1994). Re-evaluating the benefits of Foreign Direct Investment. Transnational Corporations, 3(1), 23-52. https://unctad.org/system/files/official-document/iteiitv3n1a3_en.pdf Search in Google Scholar

Ehrlich, L., Kaasik, U., & Randveer, A. (2002). The impact of Scandinavian economies on Estonia via foreign trade and direct investments (Working Paper, No. 4). Bank of Estonia. https://haldus.eestipank.ee/sites/default/files/publication/en/WorkingPapers/2002/index.pdf Search in Google Scholar

Falkowski, K. (2018). Long-term comparative advantages of the Eurasian Economic Union member states in international trade. International Journal of Management and Economics, 53(4), 27-49. https://doi.org/10.1515/ijme-2017-0024 Search in Google Scholar

Frankel, J. A. (1997). Regional trading blocs in the world economic system. Peterson Institute for International Economics (PIIE). Search in Google Scholar

Gleason, G. (2003). Markets and politics in Central Asia. Routledge. https://doi.org/10.4324/9780203417683 Search in Google Scholar

Golovko, A., & Sahin, H. (2021). Analysis of international trade integration of Eurasian countries: Gravity model approach. Eurasian Economic Review, 11(3), 519-548. https://doi.org/10.1007/s40822-021-00168-3 Search in Google Scholar

Gonchar, K., & Marek, P. (2014). The regional distribution of foreign investment in Russia. Economics of Transition, 22(4), 605-634. https://doi.org/10.1111/ecot.12047 Search in Google Scholar

Grigoriou, C. (2007). Landlockedness, infrastructure and trade: New estimates for Central Asian Countries (Policy Research Working Paper, No. 4335). World Bank. https://documents1.worldbank.org/curated/en/289461468016849336/pdf/wps4335.pdf Search in Google Scholar

Guriev, S. (2019). Gorbachev versus Deng: A review of Chris Miller’s The Struggle to Save the Soviet Economy. Journal of Economic Literature, 57(1), 120-146. https://doi.org/10.1257/jel.20171470 Search in Google Scholar

Gurshev, O. (2019). What determines foreign direct investment in Russia? Central European Economic Journal, 6(53), 311-322. https://doi.org/10.2478/ceej-2019-0016 Search in Google Scholar

Güngör, H., & Ogus Binatli, A. (2010). The effect of European accession prospects on foreign direct investment flows (Working Papers in Economics, No. 06). Izmir University of Economics. https://eco.ieu.edu.tr/wp-content/wp1006.pdf Search in Google Scholar

Havranek, T., & Irsova, Z. (2011). Estimating vertical spillovers from FDI: Why results vary and what the true effect is. Journal of International Economics, 85(2), 234-244. https://doi.org/10.1016/j.jinteco.2011.07.004 Search in Google Scholar

Head, K., Mayer, T., & Ries, J. (2010). The erosion of colonial trade linkages after independence. Journal of International Economics, 81(1), 1-14. https://doi.org/10.1016/j.jinteco.2010.01.002 Search in Google Scholar

Igbokwe, V. C., Turner, N., & Aginam, O. (Eds.). (2011). Foreign direct investment in post-conflict countries: Opportunities and challenges. Adonis & Abbey Press. Search in Google Scholar

Irandoust, M. (2016). Structural changes, FDI, and economic growth: Evidence from the Baltic States. Journal of Economic Structures, 5, 14. https://doi.org/10.1186/s40008-016-0045-8 Search in Google Scholar

Ishaq, M. (1997). Foreign direct investment in Ukraine since independence (Discussion Papers, No. 9716). CERT. Heriot Watt University. https://doi.org/10.2139/ssrn.80289 Search in Google Scholar

Iwasaki, I., & Suganuma, K. (2005). Regional distribution of foreign direct investment in Russia. Post-Communist Economies, 17(2), 153-172. https://doi.org/10.1080/14631370500104828 Search in Google Scholar

Kaufmann, D., & Kaliberda, A. (1996). Integrating the unofficial economy into the dynamics of post-socialist economies. Economic Transition in Russia and the New States of Eurasia, 8, 81-120. https://doi.org/10.1596/1813-9450-1691 Search in Google Scholar

Kheyfets, B. A. (2019). Yevraziyskiy ekonomicheskiy soyuz – vremya dlya modernizatsii [Eurasian Economic Union – time for modernization]. Outlines of Global Transformations: Politics, Economics, Law, 12(2), 29-50. https://doi.org/10.23932/2542-0240-2019-12-2-29-50 Search in Google Scholar

Kotilainen, M., & Nikula, N. (2010). Why do firms invest in the Baltic Sea region? (Discussion Papers, No. 1229). The Research Institute of the Finnish Economy (ETLA). https://www.econstor.eu/bitstream/10419/44519/1/640296270.pdf Search in Google Scholar

Kubicek, P. (2009). The Commonwealth of Independent States: An example of failed regionalism? Review of International Studies, 35(S1), 237-256. https://doi.org/10.1017/S026021050900850X Search in Google Scholar

Kudina, A., & Jakubiak, M. (2008). The motives and impediments to FDI in the CIS (Network Studies & Analyses, No. 370). Center for Social and Economic Research (CASE). https://www.econstor.eu/bitstream/10419/128174/1/583342124.pdf Search in Google Scholar

Kuzmina, O., Volchkova, N., & Zueva, T. (2014). Foreign direct investment and governance quality in Russia. Journal of Comparative Economics, 42(4), 874-891. https://doi.org/10.1016/j.jce.2014.08.001 Search in Google Scholar

Ledyaeva, S. (2009). Spatial econometric analysis of Foreign Direct Investment determinants in Russian regions. The World Economy, 32(4), 643-666. https://doi.org/10.1111/j.1467-9701.2008.01145.x Search in Google Scholar

Ledyaeva, S., Karhunen, P., & Whalley, J. (2013). Offshore jurisdictions (including Cyprus), corruption money laundering and Russian round-trip investment (Working Paper, No. w19019). National Bureau of Economic Research. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2260657 Search in Google Scholar

Ledyaeva, S., Karhunen, P., Kosonen, R., & Whalley, J. (2015). Offshore foreign direct investment, capital round-tripping, and corruption: Empirical analysis of Russian regions. Economic Geography, 91(3), 305-341. https://doi.org/10.1111/ecge.12093 Search in Google Scholar

Levy, Y., & Ellis, T. J. (2006). A systems approach to conduct an effective literature review in support of information systems research. Informing Science, 9(1), 181-212. https://doi.org/10.28945/479 Search in Google Scholar

Libman, A., & Vinokurov, E. (2011). Is it really different? Patterns of regionalization in post-Soviet Central Asia. Post-Communist Economies, 23(4), 469-492. https://doi.org/10.1080/14631377.2011.623392 Search in Google Scholar

Lutz, S. H., Talavera, O., & Sang-Min, P. (2003). The effects of regional and industry-wide FDI spillovers on export of Ukrainian firms (Working Papers, No. B 18-2003). Zentrum für Europäische Integrationsforschung (ZEI). Rheinische Friedrich-Wilhelms-Universität Bonn. https://www.econstor.eu/bitstream/10419/39538/1/371933811.pdf Search in Google Scholar

Lücke, M., & Rothert, J. (2006). Central Asia’s comparative advantage in international trade (Kiel Economic Policy Papers, No. 6. The Kiel Institute for the World Economy (IfW). https://www.files.ethz.ch/isn/48177/kepp06.pdf Search in Google Scholar

Mariev, O., Drapkin, I., & Chukavina, K. (2016). Is Russia successful in attracting foreign direct investment? Evidence based on gravity model estimation. Review of Economic Perspectives, 16(3), 245-267. https://doi.org/10.1515/revecp-2016-0015 Search in Google Scholar

Markusen, J. R. (2002). Multinational firms and the theory of international trade. MIT Press. Search in Google Scholar

Masso, J., Varblane, U., & Vahter, P. (2008). The effect of outward FDI on home-country employment in a low-cost transition economy. Eastern European Economics, 46(6), 25-59. https://doi.org/10.2753/EEE0012-8775460602 Search in Google Scholar

Masso, J., Roolaht, T., & Varblane, U. (2013). Foreign direct investment and innovation in Estonia. Baltic Journal of Management, 8(2), 231-248. https://doi.org/10.1108/17465261311310036 Search in Google Scholar

Meyer, K. E. (2001). Institutions, transaction costs, and entry mode choice in Eastern Europe. Journal of International Business Studies, 32(2), 357-367. https://doi.org/10.1057/palgrave.jibs.8490957 Search in Google Scholar

Meyer, K. E., & Peng, M. W. (2005). Probing theoretically into Central and Eastern Europe: Transactions, resources, and institutions. Journal of International Business Studies, 36(6), 600-621. https://doi.org/10.1057/palgrave.jibs.8400167 Search in Google Scholar

Mazhikeyev, A., & Edwards, T. H. (2021). Post-colonial trade between Russia and former soviet republics: Back to big brother? Economic Change and Restructuring, 54(3), 877-918. https://doi.org/10.1007/s10644-020-09302-8 Search in Google Scholar

Mickiewicz, T., Bishop, K., & Varblane, U. (2004). Financial constraints in investment. Panel data results from Estonia, 1995-1999. Acta Oeconomica, 54(4), 425-449. https://doi.org/10.1556/AOecon.54.2004.4.2 Search in Google Scholar

Miller, C. (2016). The struggle to save the Soviet economy: Mikhail Gorbachev and the collapse of the USSR. UNC Press Books. Search in Google Scholar

Nitsch, V., & Wolf, N. (2013). Tear down this wall: On the persistence of borders in trade. Canadian Journal of Economics/Revue Canadienne d’Économique, 46(1), 154-179. https://doi.org/10.1111/caje.12002 Search in Google Scholar

Oh, J., Yuldashev B., & Moon, S. H. (2018). Where is Uzbekistan’s trade and where should it be directed? Gravity analyses for being doubly landlocked. International Area Studies Review, 21(1), 68-84. https://doi.org/10.1177/2233865917745959 Search in Google Scholar

Pomfret, R. (2003). Trade and exchange rate policies in formerly centrally planned economies. World Economy, 26(4), 585-612. https://doi.org/10.1111/1467-9701.00538 Search in Google Scholar

Pomfret, R. (2005). Trade policies in Central Asia After EU enlargement and before Russian WTO accession: Regionalism and integration into the world economy. Economic Systems, 29(1), 32-58. https://doi.org/10.1016/j.ecosys.2005.01.002 Search in Google Scholar

Raballand, G., Kunth, A., & Auty, R. (2005). Central Asia’s transport cost burden and its impact on trade. Economic Systems, 29(1), 6-31. https://doi.org/10.1016/j.ecosys.2005.02.004 Search in Google Scholar

Radosevic, S., Varblane, U., & Mickiewicz, T. (2003). Foreign direct investment and its effect on employment in Central Europe. Transnational Corporations, 12(1), 53-90. http://unctad.org/en/Docs/iteiit33_en.pdf Search in Google Scholar

Recanatini, F., & Broadman, H. G. (2001). Where has all the foreign investment gone in Russia? (Policy Research Working Paper, No. 2640). World Bank. https://doi.org/10.1596/1813-9450-2640 Search in Google Scholar

Redding, S. J., & Sturm, D. M. (2008). The costs of remoteness: Evidence from German division and reunification. American Economic Review, 98(5), 1766-1797. https://doi.org/10.1257/aer.98.5.1766 Search in Google Scholar

Roolaht, T., & Varblane, U. (2009). The inward-outward dynamics in the internationalisation of Baltic banks. Baltic Journal of Management, 4(2), 221-242. https://doi.org/10.1108/17465260910958827 Search in Google Scholar

Sakwa, R., & Webber, M. (1999). The Commonwealth of Independent States, 1991-1998: Stagnation and survival. Europe-Asia Studies, 51(3), 379-415. https://doi.org/10.1080/09668139998912 Search in Google Scholar

Simionescu, M. (2018). What drives economic growth in some CEE countries? Studia Universitatis „Vasile Goldiş” Arad – Economics Series, 28(1), 46-56. https://doi.org/10.2478/sues-2018-0004 Search in Google Scholar

Smarzynska Javorcik, B. (2004). Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages. American Economic Review, 94(3), 605-627. https://doi.org/10.1257/0002828041464605 Search in Google Scholar

Smith, D. (2019). The Russian job: The forgotten story of how America saved the Soviet Union from ruin. Farrar, Straus and Giroux. Search in Google Scholar

de Souza, V. L. (2011). An initial estimation of the economic effects of the creation of the EurAsEC customs union on its members. World Bank Economic Premise, 47, 1-7. https://openknowledge.worldbank.org/server/api/core/bitstreams/11b3bc01-69d3-5548-adc3-f56ddcae5653/content Search in Google Scholar

Tarr, D. G. (2016). The Eurasian Economic Union of Russia, Belarus, Kazakhstan, Armenia, and the Kyrgyz Republic: Can it succeed where its predecessor failed? Eastern European Economics, 54(1), 1-22. https://doi.org/10.1080/00128775.2015.1105672 Search in Google Scholar

Titarenko, D. (2006). The influence of Foreign Direct Investment on domestic investment processes in Latvia. Transport and Telecommunication, 7(1), 76-83. Search in Google Scholar

Vahter, P. (2004). The effect of foreign direct investment on labour productivity: Evidence from Estonia and Slovenia (Working Paper, No. 32). University of Tartu Economics and Business Administration. https://doi.org/10.2139/ssrn.623184 Search in Google Scholar

Vahter, P. (2011). Does FDI spur productivity, knowledge sourcing and innovation by incumbent firms? Evidence from manufacturing industry in Estonia. The World Economy, 34(8), 1308-1326. https://doi.org/10.1111/j.1467-9701.2011.01379.x Search in Google Scholar

Varblane, U., & Ziacik, T. L. (2000). The impact of foreign direct investment on the export activities of Estonian firms. Journal of East-West Business, 5(1-2), 173-190. https://doi.org/10.1300/J097v05n01_09 Search in Google Scholar

Varblane, U., Reiljan, E., & Roolaht, T. (2019). The role of outward foreign direct investments in the internationalization of Estonian firms. In M. Rojec & M. Svetlicic (Eds.), Facilitating transition by internationalization: Outward direct investment from Central European economies in transition (pp. 133-154). Routledge. https://doi.org/10.4324/9781315255583-8 Search in Google Scholar

Varblane, U., Mickiewicz, T., & Radosevic, S. (2003). The value of diversity: Foreign Direct Investment and employment in Central Europe during economic recovery. Transnational Corporations, 12(1), 53-90. https://doi.org/10.2139/ssrn.418541 Search in Google Scholar

Viaene, J.-M. (1982). A customs union between Spain and the EEC: An attempt at quantification of the long-term effects in a general equilibrium framework. European Economic Review, 18(2), 345-368. https://doi.org/10.1016/S0014-2921(82)80045-7 Search in Google Scholar

Wang, Z. K., & Winters, L. A. (1992). The trading potential of Eastern Europe. Journal of Economic Integration, 7(2), 113-136. https://www.jstor.org/stable/23000260 Search in Google Scholar

Webster, J., & Watson, R. T. (2002). Analyzing the past to prepare for the future: Writing a literature review. MIS Quarterly, 26(2), 13-23. https://www.jstor.org/stable/4132319 Search in Google Scholar

Wooster, R. B., &. Diebel, D. S. (2010). Productivity spillovers from foreign direct investment in developing countries: A meta-regression analysis. Review of Development Economics, 14(3), 640-655. https://doi.org/10.1111/j.1467-9361.2010.00579.x Search in Google Scholar

Yudaeva, K., Kozlov, K., Melentieva, N., & Ponomareva, N. (2003). Does foreign ownership matter? The Russian experience. Economics of Transition, 11(3), 383-409. https://doi.org/10.1111/1468-0351.00157 Search in Google Scholar

Zvirgzde, D., Schiller, D., & Revilla, D. J. (2013). Location choices of multinational companies in Ukraine. ERSA Conference Papers, ersa13p219. European Regional Science Association (ERSA). Search in Google Scholar