Abstract
ABSTRACT The aim of this article is to understand the dynamics of investment in Central and Eastern European Countries (CEECs). The role that investment plays in the economic development is of particular interest in these countries, as, on the one hand, they have experienced a transition to market economies and, on the other hand, they have joined the European Union. This study contributes to the related literature by resorting to nonlinear models, which give us a better and more flexible understanding of the behaviour of the dynamics of investment, in comparison to linear specifications. The aim is to analyse which economic fundamentals are behind the nonlinear behaviour, as stated by the theoretical literature, of our variable of interest. Our results evidence the importance of the macroeconomic conditions on the dynamics of investment in CEECs, particularly its own recent history and the cyclical state of the economy.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
