International Portfolio Investments in Central and Eastern European Countries

Authors

  • Radostina Stamenova, PhD Student Department of Economics, Faculty of General Economics, UNWE Author

Keywords:

International portfolio investment, Central and Eastern Europe, Panel data analysis
C33, F21, G11

Abstract

The paper aims to identify the factors which determine international portfolio investments in Central and Eastern European countries. The study was performed using a multivariate regression analysis of panel data, covering 11 countries in the period 1999-2018. The results show that the change in global risk factor has the strongest impact on IPI in the analysed group of countries. Other statistically significant determinants include EU membership, currency risk, government debt and stock market capitalization.

References

L Alfaro, S Kalemli-Ozcan, V Volosovych - Capital controls and capital …, 2007 (2007). Capital flows in a globalized world: The role of policies and institutions. Capital controls and capital flows in emerging economies: Policies, practices and consequences (Ed. NA), pp. 19-72. URL: https://www.nber.org/system/files/chapters/c0148/c0148.pdf

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Published

2021-03-17

Issue

No. 5 (2020)

Section

Articles

License

Copyright (c) 2020 Radostina Stamenova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Stamenova, R. (2021). International Portfolio Investments in Central and Eastern European Countries. Research Papers, 5, 191-203. https://bjiep.e-dnrs.org/index.php/rp/article/view/5340