© 2003

Foreign Direct Investment in the Real and Financial Sector of Industrial Countries

  • Heinz Herrmann
  • Robert Lipsey
Conference proceedings

Table of contents

  1. Front Matter
    Pages I-VII
  2. Matthew J. Slaughter, Karolina Ekholm
    Pages 7-35
  3. Magnus Blomström, Ari Kokko, Jean-Louis Mucchielli
    Pages 37-60
  4. Mihir A. Desai, C. Fritz Foley, James R. Hines Jr.
    Pages 61-98
  5. Dalia Marin, Andzelika Lorentowicz, Alexander Raubold
    Pages 147-163
  6. Alexander Lipponer
    Pages 215-244
  7. Colin Mayer, Stijn Claessens
    Pages 245-272
  8. Philip Molyneux, Ben Craig
    Pages 273-294
  9. Rudi Vander Vennet, Reint Gropp
    Pages 295-321
  10. Claudia M. Buch, Gayle DeLong, Adrian E. Tschoegl
    Pages 323-363
  11. Back Matter
    Pages 365-366

About these proceedings


The international integration of national economies is a dominant feature of the present time. This book brings together papers on the determinants and consequences of foreign direct investment (FDI) in the real and financial sectors of industrial countries. It sheds new light on the determinants of FDI, in particular the role of governmental incentives. Another main topic of this volume is the role of FDI in the east European accession countries. It provides insights into the question of whether EU enlargement will have consequences for capital flows into those countries. Since the start of European monetary union the discussion on cross-border mergers in the European banking industry has intensified. The final part of the book contains contributions to this debate. 


Bank mergers Banking Banking Industry Capital flows EU enlargement Foreign direct investment Investment

Editors and affiliations

  • Heinz Herrmann
    • 1
  • Robert Lipsey
    • 2
  1. 1.Deutsche BundesbankFrankfurt am MainGermany
  2. 2.New York OfficeNBERNew YorkUSA

Bibliographic information


From the reviews:

"The book covers a broad range of empirical FDI issues … . In an excellent introduction, the editors assemble the chapters in a way such that this coherent overall picture emerges. Discussions after almost every chapter by many high-profile economists enrich the book further. The book is an obligatory reading both for students and economists who want to gain an overview over facts and literature on empirical FDI research, as well as researchers who want to obtain an update from the research frontier … ." (Dieter Urban, Review of World Economics, Vol. 140 (2), 2004)