摘要:The objective (aim) of this paper is to explore the impact of the Ease of Doing Business Indicatorson FDI on transition economies in Europe. Authors have used the dynamic panel methodology, by using threemethods: Pooled Ordinary Least Square (POLS), Fixed Effect (FE), and Two Step-System Generalised Methodof Moments (GMM) estimation techniques. By referring to the GMM technique, it can be seen that variablessuch as: Starting a Business, Registering property, Getting electricity and Resolving insolvency have a positiveand significant impact in attracting FDI in 16 European transition countries, while variables as: Dealing withconstruction permits, Getting credit, Paying taxes, Protecting minority investors, have shown negative impact,whereas Trading Across Border and Enforcing contracts have not shown any impact on attracting FDIs inEuropean transition countries. This paper contributes to the enrichment of existing literature in this field byusing these three methods.
关键词:FDI; Ease of Doing Business Indicators; Transition economies.