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International Relations Working Group

Dates:
  • Wed 04 Dec 2019 15.00 - 17.00
  Add to Calendar 2019-12-04 15:00 2019-12-04 17:00 Europe/Paris International Relations Working Group

"CAPITAL MOVEMENTS WITHIN A GLOBAL EUROPE"

Presentation by Luis Julio Tascón Fernández( RSCAS Visiting Fellow and Professor at the University of Oviedo).

Abstract

This paper analyzes the behavior of U.S. Direct Investment in Southern Europe (1966-2014), paying particular attention to the institutional variables. 

We use a model that connects the annual investment returns, measured through the Return on Assets (ROA) gap, with the economy and the political regimes of the PIGS, and also considering the impact of methodological changes in the model structure. 

The results support that the political conditions were less important than other factors as, for instance, the expectations to become members of supranational institutions like the European Communities.

Within the absence of common patterns when checking the model estimates for Southern European countries –through dictatorships, transitional periods or democracies-, it remains clear the complexity of the motivations that guide the Foreign Direct Investment (FDI), whereas Spain appears as a peculiar case.

As a work in progress, at the end of my presentation I shall try to get some ideas from analyzing Latin American and Central and Eastern European Countries data. I will appreciate your feedback on these two last topics.

Emeroteca - Badia Fiesolana DD/MM/YYYY
  Emeroteca - Badia Fiesolana

"CAPITAL MOVEMENTS WITHIN A GLOBAL EUROPE"

Presentation by Luis Julio Tascón Fernández( RSCAS Visiting Fellow and Professor at the University of Oviedo).

Abstract

This paper analyzes the behavior of U.S. Direct Investment in Southern Europe (1966-2014), paying particular attention to the institutional variables. 

We use a model that connects the annual investment returns, measured through the Return on Assets (ROA) gap, with the economy and the political regimes of the PIGS, and also considering the impact of methodological changes in the model structure. 

The results support that the political conditions were less important than other factors as, for instance, the expectations to become members of supranational institutions like the European Communities.

Within the absence of common patterns when checking the model estimates for Southern European countries –through dictatorships, transitional periods or democracies-, it remains clear the complexity of the motivations that guide the Foreign Direct Investment (FDI), whereas Spain appears as a peculiar case.

As a work in progress, at the end of my presentation I shall try to get some ideas from analyzing Latin American and Central and Eastern European Countries data. I will appreciate your feedback on these two last topics.


Location:
Emeroteca - Badia Fiesolana

Affiliation:
Department of Political and Social Sciences

Type:
Working group

Speaker:
Luis Julio Tascón Fernández (RSCAS Visiting Fellow and Professor at the University of Oviedo)

Contact:
Johannes Rothe (EUI - Department of Political and Social Sciences) - Send a mail
Inés Bolaños Somoano (EUI - Department of Political and Social Sciences) - Send a mail
Adam Krzykowski (EUI - Department of Political and Social Sciences) - Send a mail

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