Pillars of competitiveness as FDI determinants in host countries: A review of the panel data empirical studies

Stankov, Biljana; Damnjanović, Jelena; Roganović, Milijana

doi:10.5937/skolbiz2-20968

Cited by 3 publications

(2 citation statements)

References 6 publications

(1 reference statement)

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“…Considering the complexity of FDI, the specialized literature abounds in studies that are focused on certain elements such as the determining factors of foreign capital flows, the effects on national economies, methods of implantation, types of investments, the involvement of companies with foreign capital in the privatization process the impact of the covid-19 crisis on FDI, , etc. there are also review papers on this subject that try to systematize the results of previous studies (Stankov et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Foreign Direct Investment and Competitiveness. Evidences from Romanian Economy

Apostu¹,

Panait²,

Gigauri³

et al. 2023

Global Ethics - Key of Sustainability (GEKOS 2022)

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The activity of companies with foreign capital is more often in the center of attention of the public opinion, researchers and public authorities considering the positive effects but also the negative externalities that it generates on the economies of the host countries. With the liberalization of capital movements, FDI was consider the panacea that could solve all economic, environmental and social problems in the host less developed countries, but the reality is much more complex. In order to test if foreign direct investment (FDI) is caused by competitiveness in case of Romania, we considered FDI inflows externalities for national economy, net inflows (% of GDP) and Competitiveness index for the time period 2007-2018. The econometric methodology used to model FDI and Competitiveness Index is Granger Causality. The results of the study suggest that there is a unidirectional causality, flowing from Competitiveness Index to foreign direct investment. Thus, in case of Romania, foreign direct investment represents the result of competitiveness, FDI does not influence Competitiveness index.

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Section: Literature Reviewmentioning

confidence: 99%

Foreign Direct Investment and Competitiveness. Evidences from Romanian Economy

Apostu¹,

Panait²,

Gigauri³

et al. 2023

Global Ethics - Key of Sustainability (GEKOS 2022)

View full text Add to dashboard Cite

show abstract

“…Competitiveness is also an essential factor in attracting FDI. If the country is more competitive than others, especially those in its immediate vicinity, its investment climate becomes more attractive to foreign investors (Stankov, Damnjanović, & Roganović, 2018).…”

Section: Introductionmentioning

confidence: 99%

Investigating the impact of foreign direct investment and export on the economic growth of the Republic of Serbia

Obradović¹,

Dmitrović²,

Mitić³

2021

Int J Econ Practice & Policy

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Given that foreign direct investment and exports are one of the primary drivers of global economic integration, numerous authors have studied them. According to the findings of numerous empirical research, foreign direct investment and exports have a positive impact on economic growth. However, little research sheds light on this relationship in the Republic of Serbia. Therefore, the objective of this paper is precisely to analyze the relationship between foreign direct investments and exports on the economic growth in Serbia. We use multiple linear regression to examine the relationship between economic growth, foreign direct investment, and exports from 2001 to 2020. According to the results, both foreign direct investments and exports positively impact economic growth in Serbia. The study's findings can be used to design and improve numerous strategies and policies for Serbia's future economic growth and development.

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The analysis of investments as determinants of economic growth of the Republic of Serbia in the context of accessing the European Union

Đurić¹,

Stankov²,

Roganović³

2021

Int J Econ Practice & Policy

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Intensifying investment activities, strengthening the institutional sector and improving the competitiveness of the national economy stand out as the most important goals of the economic policy of the Republic of Serbia for proceeding with European integration. In this regard, the main goal of this paper is the analysis of investments as one of the most important determinants of economic growth of the Republic of Serbia in the process of accessing the European Union. Given the fact that the Republic of Serbia, as a candidate for membership in the European Union, has been constantly working on harmonizing its legal, institutional and other pillars with the acquis communautaire, research on this topic has gained special significance. The European Union represent the most important investment partner of the Republic of Serbia, especially in terms of foreign direct investment inflows, as well as one of the leading creators of new jobs in the trade sector. The authors of the paper will pay special attention to the current trends and the achieved level of investments in the Republic of Serbia, as well as to their impact on the dynamics of economic growth. The paper will examine the importance of improving the competitiveness of the economic environment as well as the need to accelerate the process of European integration in order to solve the problem of slow economic growth of the Republic of Serbia and intensify investment inflows in the future.

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Pillars of competitiveness as FDI determinants in host countries: A review of the panel data empirical studies

Cited by 3 publications

References 6 publications

Foreign Direct Investment and Competitiveness. Evidences from Romanian Economy

Foreign Direct Investment and Competitiveness. Evidences from Romanian Economy

Investigating the impact of foreign direct investment and export on the economic growth of the Republic of Serbia

The analysis of investments as determinants of economic growth of the Republic of Serbia in the context of accessing the European Union

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