A new empirical model is presented that considers the productivity spillover effects of foreign direct investment (FDI) by focusing on the multi-layered structure of industrial classifications. In this model, the market presence of horizontal FDI in a host country is expressed using multiple...

The current global financial and economic crisis has brought into prominence the patterns of economic modernisation of post-socialist countries in the Central and Eastern European (CEE) region. One of the key factors of successful modernisation and sustainability of competitiveness in these...

This article deals with the role of Foreign Direct Investment in connection with the globalization process. Two sets of changes are taking place worldwide. First: the increasingly common expectations of investors, managers, and even consumers in countries and regions with widely varied economic...