The Role of Foreign Direct Investments in Southeastern Europe

Apostolov, Mico (2016) The Role of Foreign Direct Investments in Southeastern Europe. Revue d’études comparatives Est-Ouest, 47 (3). pp. 45-82. ISSN 0338-0599

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Official URL: http://dx.doi.org/10.4074/S0338059916003028

Abstract

From the beginning of the transition process, foreign direct investments (FDI) have been an essential pillar in southeastern European economies, a priority for moving society toward a developed market economy. The World Bank has conducted Enterprise Surveys on many countries using data from a representative sample of private-sector firms. These data are used herein from an accounting approach to examine, via a set of variables, the impact of foreign ownership. The findings are that: (i) foreign ownership has helped restructure firms toward a viable market economy; (ii) FDI has a positive effect on employment and exports; and (iii) FDI, in line with the literature, is expected to influence future capital accumulation and output. Overall, FDI has a positive impact and tends to affect the restructuring of domestic firms.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Mico Apostolov
Date Deposited: 23 Nov 2016 15:08
Last Modified: 23 Nov 2016 15:08
URI: http://eprints.ugd.edu.mk/id/eprint/16626

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