Georgieva Svrtinov, Vesna and Gorgieva-Trajkovska, Olivera and Koleva, Blagica (2017) The effect of Foreign Direct Investment in Western Balkan economies for the period 2005-2015. Iliria International Review, 7 (1). pp. 9-20. ISSN 2192-7081
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Abstract
Abstract
One of the most important conditions for the successful
process of economic restructuring of transition countries
including Balkans region is the opening of these economies
towards foreign investors.
This paper surveys the effects of outward foreign direct
investment in the countries of Western Balkan (Albania, Bosnia
and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro
and Serbia) in the period between 2005 until 2015.
In all these countries FDI is often highly welcomed by
government officials because they expect these capital flows to
have a positive impact on home country exports, GDP,
employment rate, as well as positive effects on the balance of
payments i.e. on narrowing current account deficit.
The main hypotheses in the paper are tested
econometrically and we identify weak correlation between
foreign direct investment on the one side and export, GDP and
employment rate on the other side. While in the most
countries we found statistically significant correlation between
FDI and current account deficit.
Key words: foreign direct investment; export; GDP;
employment rate; current account deficit; Pearson correlation;
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Olivera Trajkovska |
| Date Deposited: | 16 Aug 2017 10:47 |
| Last Modified: | 16 Aug 2017 10:47 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/18079 |
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