01712cas a2200253 a 4500 AALejournalIMF008537 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875461 1018-5941 BD-DhAAL BD-DhAAL Kinoshita, Yuko. Why Does Fdi Go Where it Goes? : New Evidence From the Transition Economies / Yuko Kinoshita, Nauro Campos. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main determinants are institutions, agglomeration, and trade openness. We find important differences between the Eastern European and Baltic countries, on the one hand, and the CIS countries on the other: in the latter group, natural resources and infrastructure matter, while agglomeration matters only for the former group. Mode of access: Internet Campos, Nauro. IMF Working Papers; Working Paper ; No. 2003/228 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/228/001.2003.issue-228-en.xml IMF e-Library