LINKAGES BETWEEN ECONOMIC GROWTH AND FDI IN CEE COUNTRIES

• Authors: Vojtovič Sergej , Klimaviciene Asta , Pilinkiene Vaida
• Languages of publication: EN

Abstracts

EN

This paper examines linkages among foreign direct investment (FDI) and economic growth in 11 countries from Central and Eastern Europe (CEE) for the period of 1997 – 2014. Findings from panel data analysis suggest that the relative size of economic growth indicators affect FDI of CEE countries. This result holds for both contemporaneous and lagged relationships. FDI has an impact on economic growth, and this effect is strengthened by financial market development. The efforts of CEE countries increase the economic growth and beneficial spill over effects from FDI to local economies should be concentrated on the support of the development of local financial markets.

Keywords

EN

FOREIGN DIRECT INVESTMENT; ECONOMIC GROWTH; CENTRAL AND EASTERN EUROPE

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2019
• Volume: 67
• Issue: 3
• Pages: 264 – 279

Contributors

author

Vojtovič Sergej

• Alexander Dubček University of Trenčín, Faculty of Social and Economic Relations, Študentská 2, 911 50 Trenčín, Slovak Republic

author

Klimaviciene Asta

author

Pilinkiene Vaida