INTERNATIONALIZATION AND ECONOMIC GROWTH IN THE NEW MEMBER STATES OF THE EUROPEAN UNION

• Authors: Lejko Ina , Štefan Bojnec
• Languages of publication: EN

Abstracts

EN

The paper analyses the internationalization of the economies in ten new member states (NMS-10) of the European Union (EU) using panel data for the period 2000 – 2008 in a regression framework analysis. The degree of internationalization is measured by foreign direct investment (FDI) and trade openness. The focus is on the association between FDI and economic growth. We have confirmed moderate positive effect of inward FDI on growth of gross domestic product (GDP), but not for outward FDI and trade openness. Investment to GDP ratio and employment growth are positively associated with economic growth, and vice versa rate of inflation and government final consumption expenditure as a percentage of GDP.

Keywords

EN

ECONOMIC GROWTH; INTERNATIONALIZATION; FOREIGN DIRECT INVESTMENT; EUROPEAN UNION; MEMBER STATES; TRADE; GDP

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2012
• Volume: 60
• Issue: 4
• Pages: 335 – 348

Contributors

author

Lejko Ina

• University of Primorska, Faculty of Management, Cankarjeva 5, SI-6104 Koper, p.p. 345, Slovenia

author

Štefan Bojnec