China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors?
China has emerged as one of the top recipients of foreign direct investment in the world. Meanwhile, the successful transition experience of many Central and Eastern European countries has also allowed them to attract an increasing share of global...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/08/9755730/china-central-eastern-european-countries-regional-networks-global-supply-chain-or-international-competitors http://hdl.handle.net/10986/6809 |
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okr-10986-6809 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ADVANCED COUNTRIES ADVANCED ECONOMIES AFFILIATED ORGANIZATIONS ARBITRATION BALANCE OF PAYMENTS BANKING SYSTEM BENCHMARK BILATERAL TRADE BOND BUREAUCRATIC QUALITY BUSINESS ENVIRONMENT CAPITAL FLOW CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKETS CENTRAL PLANNING CHECKS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ECONOMICS CORPORATE TAX CORPORATE TAX RATES COUNTRY MARKETS COUNTRY RISK CREDIBILITY DECISION MAKING DEMOCRATIC ACCOUNTABILITY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DIRECT INVESTMENT INFLOWS DOMESTIC FIRMS DOMESTIC MARKET DUMMY VARIABLE EAST EUROPE EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORMS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATES EXOGENOUS VARIABLES FDI FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE FREE MARKET ECONOMY GDP PER CAPITA GLOBAL BANKING GLOBAL ECONOMY GLOBAL PRODUCTION NETWORK GLOBALIZATION GOVERNMENT FINANCE GROWTH RATE HORIZONTAL LINKAGE HOST COUNTRIES HOST COUNTRY HOST ECONOMY HOST-COUNTRY HUMAN CAPITAL INCOME INCOME TAX INCOME TAX RATE INCREASING RETURNS INSTITUTIONAL ENVIRONMENT INSTRUMENT INTERNATIONAL BANK INTERNATIONAL BUSINESS INTERNATIONAL ECONOMICS INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL TRADE INVESTING INVESTMENT ENVIRONMENT INVESTMENT FLOW INVESTMENT FLOWS INVESTMENT LOCATION DECISIONS INVESTMENT REGULATIONS LATIN AMERICAN LAW ENFORCEMENT LOCAL CURRENCIES LOCAL CURRENCY LOCAL ECONOMY LOCAL MARKET LONG-TERM CAPITAL LONG-TERM INVESTMENT MACROECONOMIC CONDITIONS MANUFACTURING SECTOR MARKET SIZE MERGERS MNE MONETARY FUND MULTINATIONAL CORPORATIONS MULTINATIONAL ENTERPRISE MULTINATIONAL ENTERPRISES MULTINATIONAL FIRMS NEWLY INDUSTRIALIZED COUNTRIES OPEN DOOR POLICY OUTSOURCING POLITICAL ECONOMY POLITICAL RISK POLITICAL STABILITY POSITIVE COEFFICIENT POSITIVE EFFECTS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PRIVATIZATION PRODUCTION COSTS PRODUCTIVITY GROWTH PROFIT MARGIN PURCHASING POWER RAPID GROWTH REAL ESTATE REAL GDP REGIONAL INTEGRATION REGULATORY RESTRICTIONS RETURNS STRUCTURAL CHANGE TAX TAX EXEMPTIONS TAX INCENTIVES TAX POLICIES TAX POLICY TAX RATE TECHNOLOGY SPILLOVERS TELEPHONE LINES TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRANSITION ECONOMIES TURNOVER VERTICAL LINKAGES VERTICAL MULTINATIONAL WAGE GROWTH WAGE RATES WAGES WORLD DEVELOPMENT INDICATOR WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INVESTMENT REPORT WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ACCOUNTING ADVANCED COUNTRIES ADVANCED ECONOMIES AFFILIATED ORGANIZATIONS ARBITRATION BALANCE OF PAYMENTS BANKING SYSTEM BENCHMARK BILATERAL TRADE BOND BUREAUCRATIC QUALITY BUSINESS ENVIRONMENT CAPITAL FLOW CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKETS CENTRAL PLANNING CHECKS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ECONOMICS CORPORATE TAX CORPORATE TAX RATES COUNTRY MARKETS COUNTRY RISK CREDIBILITY DECISION MAKING DEMOCRATIC ACCOUNTABILITY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DIRECT INVESTMENT INFLOWS DOMESTIC FIRMS DOMESTIC MARKET DUMMY VARIABLE EAST EUROPE EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORMS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATES EXOGENOUS VARIABLES FDI FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE FREE MARKET ECONOMY GDP PER CAPITA GLOBAL BANKING GLOBAL ECONOMY GLOBAL PRODUCTION NETWORK GLOBALIZATION GOVERNMENT FINANCE GROWTH RATE HORIZONTAL LINKAGE HOST COUNTRIES HOST COUNTRY HOST ECONOMY HOST-COUNTRY HUMAN CAPITAL INCOME INCOME TAX INCOME TAX RATE INCREASING RETURNS INSTITUTIONAL ENVIRONMENT INSTRUMENT INTERNATIONAL BANK INTERNATIONAL BUSINESS INTERNATIONAL ECONOMICS INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL TRADE INVESTING INVESTMENT ENVIRONMENT INVESTMENT FLOW INVESTMENT FLOWS INVESTMENT LOCATION DECISIONS INVESTMENT REGULATIONS LATIN AMERICAN LAW ENFORCEMENT LOCAL CURRENCIES LOCAL CURRENCY LOCAL ECONOMY LOCAL MARKET LONG-TERM CAPITAL LONG-TERM INVESTMENT MACROECONOMIC CONDITIONS MANUFACTURING SECTOR MARKET SIZE MERGERS MNE MONETARY FUND MULTINATIONAL CORPORATIONS MULTINATIONAL ENTERPRISE MULTINATIONAL ENTERPRISES MULTINATIONAL FIRMS NEWLY INDUSTRIALIZED COUNTRIES OPEN DOOR POLICY OUTSOURCING POLITICAL ECONOMY POLITICAL RISK POLITICAL STABILITY POSITIVE COEFFICIENT POSITIVE EFFECTS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PRIVATIZATION PRODUCTION COSTS PRODUCTIVITY GROWTH PROFIT MARGIN PURCHASING POWER RAPID GROWTH REAL ESTATE REAL GDP REGIONAL INTEGRATION REGULATORY RESTRICTIONS RETURNS STRUCTURAL CHANGE TAX TAX EXEMPTIONS TAX INCENTIVES TAX POLICIES TAX POLICY TAX RATE TECHNOLOGY SPILLOVERS TELEPHONE LINES TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRANSITION ECONOMIES TURNOVER VERTICAL LINKAGES VERTICAL MULTINATIONAL WAGE GROWTH WAGE RATES WAGES WORLD DEVELOPMENT INDICATOR WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INVESTMENT REPORT WORLD TRADE WORLD TRADE ORGANIZATION WTO Fung, K.C. Korhonen, Iikka Li, Ke Ng, Francis China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? |
| geographic_facet |
East Asia and Pacific Europe and Central Asia China |
| relation |
Policy Research Working Paper No. 4689 |
| description |
China has emerged as one of the top
recipients of foreign direct investment in the world.
Meanwhile, the successful transition experience of many
Central and Eastern European countries has also allowed them
to attract an increasing share of global foreign direct
investment. In this paper, the authors use a panel data set
to investigate whether foreign direct investment flows to
these two regions are complements, substitutes, or
independent of each other. Taking into account the role of
host country characteristics - such as market size, degree
of trade liberalization, and human capital - the authors
find no evidence that foreign direct investment flows to one
region are at the expense of those to the other. Instead,
the results suggest that foreign direct investment flows are
driven by distinct regional production networks (and thus
are largely independent of each other) and the development
of global supply chains (indicating that foreign direct
investment flows are complementary). |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Fung, K.C. Korhonen, Iikka Li, Ke Ng, Francis |
| author_facet |
Fung, K.C. Korhonen, Iikka Li, Ke Ng, Francis |
| author_sort |
Fung, K.C. |
| title |
China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? |
| title_short |
China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? |
| title_full |
China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? |
| title_fullStr |
China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? |
| title_full_unstemmed |
China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? |
| title_sort |
china and central and eastern european countries : regional networks, global supply chain, or international competitors? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/08/9755730/china-central-eastern-european-countries-regional-networks-global-supply-chain-or-international-competitors http://hdl.handle.net/10986/6809 |
| _version_ |
1764401130308108288 |
| spelling |
okr-10986-68092021-04-23T14:02:32Z China and Central and Eastern European Countries : Regional Networks, Global Supply Chain, or International Competitors? Fung, K.C. Korhonen, Iikka Li, Ke Ng, Francis ACCOUNTING ADVANCED COUNTRIES ADVANCED ECONOMIES AFFILIATED ORGANIZATIONS ARBITRATION BALANCE OF PAYMENTS BANKING SYSTEM BENCHMARK BILATERAL TRADE BOND BUREAUCRATIC QUALITY BUSINESS ENVIRONMENT CAPITAL FLOW CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKETS CENTRAL PLANNING CHECKS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ECONOMICS CORPORATE TAX CORPORATE TAX RATES COUNTRY MARKETS COUNTRY RISK CREDIBILITY DECISION MAKING DEMOCRATIC ACCOUNTABILITY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DIRECT INVESTMENT INFLOWS DOMESTIC FIRMS DOMESTIC MARKET DUMMY VARIABLE EAST EUROPE EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORMS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATES EXOGENOUS VARIABLES FDI FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE FREE MARKET ECONOMY GDP PER CAPITA GLOBAL BANKING GLOBAL ECONOMY GLOBAL PRODUCTION NETWORK GLOBALIZATION GOVERNMENT FINANCE GROWTH RATE HORIZONTAL LINKAGE HOST COUNTRIES HOST COUNTRY HOST ECONOMY HOST-COUNTRY HUMAN CAPITAL INCOME INCOME TAX INCOME TAX RATE INCREASING RETURNS INSTITUTIONAL ENVIRONMENT INSTRUMENT INTERNATIONAL BANK INTERNATIONAL BUSINESS INTERNATIONAL ECONOMICS INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL TRADE INVESTING INVESTMENT ENVIRONMENT INVESTMENT FLOW INVESTMENT FLOWS INVESTMENT LOCATION DECISIONS INVESTMENT REGULATIONS LATIN AMERICAN LAW ENFORCEMENT LOCAL CURRENCIES LOCAL CURRENCY LOCAL ECONOMY LOCAL MARKET LONG-TERM CAPITAL LONG-TERM INVESTMENT MACROECONOMIC CONDITIONS MANUFACTURING SECTOR MARKET SIZE MERGERS MNE MONETARY FUND MULTINATIONAL CORPORATIONS MULTINATIONAL ENTERPRISE MULTINATIONAL ENTERPRISES MULTINATIONAL FIRMS NEWLY INDUSTRIALIZED COUNTRIES OPEN DOOR POLICY OUTSOURCING POLITICAL ECONOMY POLITICAL RISK POLITICAL STABILITY POSITIVE COEFFICIENT POSITIVE EFFECTS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PRIVATIZATION PRODUCTION COSTS PRODUCTIVITY GROWTH PROFIT MARGIN PURCHASING POWER RAPID GROWTH REAL ESTATE REAL GDP REGIONAL INTEGRATION REGULATORY RESTRICTIONS RETURNS STRUCTURAL CHANGE TAX TAX EXEMPTIONS TAX INCENTIVES TAX POLICIES TAX POLICY TAX RATE TECHNOLOGY SPILLOVERS TELEPHONE LINES TOTAL REVENUE TRADE BARRIERS TRADE LIBERALIZATION TRANSITION ECONOMIES TURNOVER VERTICAL LINKAGES VERTICAL MULTINATIONAL WAGE GROWTH WAGE RATES WAGES WORLD DEVELOPMENT INDICATOR WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INVESTMENT REPORT WORLD TRADE WORLD TRADE ORGANIZATION WTO China has emerged as one of the top recipients of foreign direct investment in the world. Meanwhile, the successful transition experience of many Central and Eastern European countries has also allowed them to attract an increasing share of global foreign direct investment. In this paper, the authors use a panel data set to investigate whether foreign direct investment flows to these two regions are complements, substitutes, or independent of each other. Taking into account the role of host country characteristics - such as market size, degree of trade liberalization, and human capital - the authors find no evidence that foreign direct investment flows to one region are at the expense of those to the other. Instead, the results suggest that foreign direct investment flows are driven by distinct regional production networks (and thus are largely independent of each other) and the development of global supply chains (indicating that foreign direct investment flows are complementary). 2012-05-31T21:20:47Z 2012-05-31T21:20:47Z 2008-08 http://documents.worldbank.org/curated/en/2008/08/9755730/china-central-eastern-european-countries-regional-networks-global-supply-chain-or-international-competitors http://hdl.handle.net/10986/6809 English Policy Research Working Paper No. 4689 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Europe and Central Asia China |