Factors Favoring and Discouraging Inward FDI in Greece.

Although the findings of empirical studies of foreign direct investment (FDI) activity have differences regarding model specifications, there is an agreement on the set of covariates that may be included. This form of consensus has led to the gradual acceptance of a universal model of FDI activity, where the inclusion of covariates may be different across time and space. Under the consideration of these developments, this paper aims to analyze the factors favoring/discouraging FDI activity in Greece. Data is collected from a questionnaire survey filled by managers of multinationals (or their subsidiaries) operating in Greece. A survey of the literature leading to the development of a questionnaire based on the universal model of FDI activity and the preliminary findings are discussed. The findings are expected to have a positive and critical contribution to the ongoing debate about the reforms required in Greece's business environment in order to exit from the economic crisis that was triggered in late 2000s. [ABSTRACT FROM AUTHOR]