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SUMMARY:European Union Accession Events and the Timing of FDI Location: Do
  Actions Speak Louder than Words? - Professor Colin Wren\, Newcastle Unive
 rsity
DTSTART:20140305T160000Z
DTEND:20140305T170000Z
UID:TALK50987@talks.cam.ac.uk
CONTACT:Joanna Laver
DESCRIPTION:This paper examines the effect of announcements under the Euro
 pean Union (EU) accession process on the timing of foreign direct investme
 nt (FDI) in the Central and Eastern European Countries (CEECs).  It analys
 es count data for the number of foreign investments in EU countries over 1
 997-2010 using a stochastic frontier model to allow for inefficiency in FD
 I data collection in the CEECs prior to accession from a weaker institutio
 nal environment.  EU membership is found to be the most important accessio
 n event for FDI location\, while events that signal the fulfilment of the 
 political and economic criteria for enlargement have weaker effects.  This
  is the case if FDI is measured as an EU share\, while in all cases there 
 is a fall-off in FDI after membership.  The FDI effect is greater for CEEC
 s entering into negotiations later\, perhaps because these announcements h
 ave greater credibility.  Overall\, the results point to the importance of
  access to the Single Market.\n\nColin Wren is a Professor in Economics at
  the Newcastle University Business School.  His research is in regional ec
 onomics\, focusing on the interface between government and industry\, with
  implications for economic development.  Recent work examines industrial l
 ocation\, and in particular foreign direct investment and its spatial loca
 tion in response to policy.  He has carried out many studies evaluating th
 e impacts of public interventions and has served on national bodies.  He w
 as a project leader on the ESRC Spatial Economics Research Centre and a pa
 st editor of Regional Studies.  He has published numerous articles in main
 stream Economics and field journals\, authoring three books.
LOCATION:Mill Lane Lecture Room 7
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