VPLYV PRÍLEVU PRIAMYCH ZAHRANIČNÝCH INVESTÍCIÍ NA HOSPODÁRSKY RAST V NOVÝCH ČLENSKÝCH ŠTÁTOCH EURÓPSKEJ ÚNIE ZO STREDNEJ A Z VÝCHODNEJ EURÓPY

• Authors: Ferenčíková Soňa , Dudáš Tomáš

Title variants

EN

Impact of foreign direct investment inflows on the economic growth in the new EU member states from Central and Eastern Europe

• Languages of publication: SK

Abstracts

EN

The positive effect of the foreign direct investments (FDI) on the economic growth is a generally accepted fact in Central and Eastern Europe. The aim of this article is to analyse this axiom on the set of eight new EU member states. The analysis is based on correlation analysis and regression analysis of the FDI inflow on the GDP growth in the time period 1993 - 2003. The results of the correlation analysis are mixed - definite positive correlation can be noted only in three countries. The regression analysis brought controversial results. Regression tests show that the inflow of FDI failed to support economic growth and large FDI inflows are accompanied by slow GDP growth. The main factor behind these results is possibly the nature of the FDI inflows - more than 70 % of the total FDI inflows came through privatisation and the short-term positive effect of these FDI are limited.

Keywords

EN

CENTRAL & EASTERN EUROPE; ECONOMIC GROWTH; EUROPEAN UNION; FOREIGN DIRECT INVESTMENT

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2005
• Volume: 53
• Issue: 3
• Pages: 261-272
• Document type: ARTICLE

Contributors

author

Ferenčíková Soňa

author

Dudáš Tomáš

• S. Ferencikova, Ustav slovenskej a svetovej ekonomiky SAV, Sancova 56, 811 05 Bratislava 1. Slovak Republik

Identifiers

CEJSH db identifier

06SKAAAA00741833