reason for this is that the EU countries have started to divert their new FDI to the non-EU countries. …This study examines whether the CEECs' financial market development can explain the EU FDI in the CEECs during 1994 … sector reforms undertaken before the CEECs' EU accession. Second, the stock market size had a positive effect in 1997 …

reason for this is that the EU countries have started to divert their new FDI to the non-EU countries. …This study examines whether the CEECs' financial market development can explain the EU FDI in the CEECs during 1994 … sector reforms undertaken before the CEECs' EU accession. Second, the stock market size had a positive effect in 1997 …

responsiveness. In this paper we address this gap by formally adressing model specification of the FRF in a panel of five EU … countries. Employing a Bayesian stochastic model specification search algorithm, we provide formal evidence for time …