Effects of currency unions on foreign direct investment inflows: The European economic and monetary union case

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dc.contributor.authorKilic, C.
dc.contributor.authorBayar, Y.
dc.contributor.authorArica, F.
dc.date.accessioned2024-09-29T16:22:05Z
dc.date.available2024-09-29T16:22:05Z
dc.date.issued2014
dc.departmentKarabük Üniversitesien_US
dc.description.abstractReducing exchange rate and inflation, transaction costs and achieving the economic convergence among member countries are major causes of establishing a monetary union. This paper examines the effects of European Economic and Monetary Union on inflows of foreign direct investments to the Eurozone by using panel data from 16 Group of 20 countries for the period 1999-2012. We found that real GDP, GDP growth rate and exchange rates of 16 Group20 countries affect inflows of real foreign direct investment positively while exchange rate volatility, inflation volatility and distance affects inflows of real foreign direct investment negatively. So European Economic and Monetary Union contribute to the inflows of foreign direct investment by reducing the exchange rate volatility, inflation volatility and distance and supporting economic growth. © 2014 Econjournals. All rights reserved.en_US
dc.identifier.endpage15en_US
dc.identifier.issn2146-4138
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-84979725985en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage8en_US
dc.identifier.urihttps://hdl.handle.net/20.500.14619/9803
dc.identifier.volume4en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEconjournalsen_US
dc.relation.ispartofInternational Journal of Economics and Financial Issuesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEuropean economic and monetary unionen_US
dc.subjectForeign direct investmenten_US
dc.subjectGroup 20 countriesen_US
dc.subjectPanel data analysisen_US
dc.titleEffects of currency unions on foreign direct investment inflows: The European economic and monetary union caseen_US
dc.typeArticleen_US

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