Nakamura, H. Richard; Olsson, Mikael; Lönnborg, Mikael - In: Baltic Journal of Economics 12 (2012) 2, pp. 89-108
This paper investigates the dynamics of FDIs in the Baltic Sea Region (BSR) by applying the Poisson Pseudo-Maximum Likelihood estimation method on a gravity model. In particular, we analyze the influence of macro and spatial factors on investment stock changes and discuss whether the origin of...