The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity...

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland. To this end and unique firm level panel data...

Foreign direct investments (FDI) are seen as pivotal in achieving the 2030 Sustainable Development Goals (SDGs) in Sub-Saharan Africa (SSA). Yet, balance of payment (BoP) statistics on FDI are often sketchy and out-dated and are thus of little help in distinguishing between different forms of...