Are Foreign Direct Investment Contribution to The Economic Growth of Transition? / Da Li Strane Direktne Investicije Doprinose Privrednom Rastu Zemalja U Tranziciji?

• Authors: Olgica Nestorović
• Languages of publication: EN

Abstracts

EN

The main aim of this paper is to show whether foreign direct investments affect the development of transition countries. This paper represents an empirical model where you analyze sixteen countries in transition in the 10-year period. The existence of a positive correlation between the level of incoming foreign direct investments and economic characteristics of the economy, as well as its competitiveness, is obvious in numerous studies that have studied this subject, but there are also some opposite standpoints. The increase of foreign direct investments in host country by itself does not imply a positive impact on economic growth, but it depends on numerous factors such as human capital, financial structure development, macroeconomic stability and other institutional factors.

Keywords

EN

foreign direct investments; transition countries; economic growth; human capital; macroeconomic stability

• Publisher: Sciendo
• Journal: Economic Themes
• Year: 2015
• Volume: 53
• Issue: 2
• Pages: 267-277

Dates

published

2015-06-01

received

2014-05-08

accepted

2015-03-27

online

2016-04-15

Contributors

author

Olgica Nestorović

• PhD student, University of Kragujevac, Faculty of Economics, Serbia

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Identifiers

DOI

10.1515/ethemes-2015-0015