Foreign Direct Investment in the Real and Financial Sector of Industrial Countries

The international integration of national economies is a dominant feature of the present time. This book brings together papers on the determinants and consequences of foreign direct investment (FDI) in the real and financial sectors of industrial countries. It sheds new light on the determinants of FDI, in particular the role of governmental incentives. Another main topic of this volume is the role of FDI in the east European accession countries. It provides insights into the question of whether EU enlargement will have consequences for capital flows into those countries. Since the start of European monetary union the discussion on cross-border mergers in the European banking industry has intensified. The final part of the book contains contributions to this debate. Front Matter....Pages I-VII Foreign Direct Investment in the Real and Financial Sector of Industrial Countries: A Summary....Pages 1-6 Host-Country Determinants of U.S. Foreign Direct Investment into Europe....Pages 7-35 The Economics of Foreign Direct Investment Incentives....Pages 37-60 Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment....Pages 61-98 Fiscal Policies, European Integration and Structural Changes in the Location of German Foreign Direct Investment....Pages 99-146 Ownership, Capital or Outsourcing: What Drives German Investment to Eastern Europe?....Pages 147-163 Is there a Potential for Increases in FDI for Central and Eastern European Countries Following EU Accession?....Pages 165-185 EU Accession and Prospective FDI Flows to CEE Countries: A View from Ireland....Pages 187-213 A ”new“ Micro Database for German FDI....Pages 215-244 Foreign Direct Investment: Who Cares about Ownership?....Pages 245-272 Determinants of Cross-Border Mergers in European Banking....Pages 273-294 Cross-border Mergers in European Banking and Bank Efficiency....Pages 295-321 Determinants of Cross-Border Bank Mergers: Is Europe Different?....Pages 323-363 Back Matter....Pages 365-366 A collection of papers on the determinants and consequences of foreign direct investment (FDI) in the real and financial sectors of industrial countries. The text sheds new light on the determinants of FDI, in particular the role of governmental incentives. Another main topic is the role of FDI in the east European accession countries. It provides insights into the question of whether EU enlargement will have consequences for capital flows into those countries. Since the start of European monetary union, the discussion on cross-border mergers in the European banking industry has intensified. The final part of the book contains contributions to this debate.