<scp>FDI</scp> into transition economies

Estrin, Saul; Uvalic, Milica

doi:10.1111/ecot.12040

Cited by 69 publications

(28 citation statements)

References 31 publications

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“…The distance between host and home economy may have been an outstanding driver of FDI. Market-seeking FDI is determined by the magnitude and growth of the host country market [13].…”

Section: The Drivers Of Fdi Inflows In the Cee Economiesmentioning

confidence: 99%

“…For most transition nations, the process of privatization has constituted a separate incentive for FDI. Effective schemes to accomplish substantial scale privatization are related to enhanced FDI in the transition economy region [13]. FDI allows host economies to increase capital formation and to augment the quality of the capital stock, shifting to up-to-date technology and innovation.…”

Section: The Consequences Of Fdi On Economic Growth In the Ceementioning

confidence: 99%

“…The process of joining the EU requires nations to better their institutional quality. Declaration of EU membership generates more relevant degrees of FDI [13]. FDI in CEE adjusts across economies over time, within nations by the investor's country of origin and across organizational circumstances.…”

Section: Transition Outcomes In the Cee Transforming Economiesmentioning

confidence: 99%

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FDI and Economic Growth in Central and Eastern Europe

Popescu

2014

Sustainability

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This paper discusses the major trends in scholarship about the role of FDI and exports on economic growth, the effect of tax policies on FDI, the formation of the economic catch up of the Central and Eastern Europe (CEE) region and the determinants of FDI inflows in CEE nations. I am specifically interested in how previous research investigated the influence of FDI on host country economic growth, the inward FDI stock as a percentage of GDP, the features and restrictions of fiscal schemes in CEE economies and the institutional soundness displayed in policies towards FDI. The analysis presented in this paper contributes to research on FDI as a mechanism in the transition to the market, the dissimilarities in the FDI-assisted development methods among the CEE nations, the impact of FDI inflows for productivity convergence in CEE and the current slowing of growth in emerging Europe.

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“…The distance between host and home economy may have been an outstanding driver of FDI. Market-seeking FDI is determined by the magnitude and growth of the host country market [13].…”

Section: The Drivers Of Fdi Inflows In the Cee Economiesmentioning

confidence: 99%

Section: The Consequences Of Fdi On Economic Growth In the Ceementioning

confidence: 99%

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FDI and Economic Growth in Central and Eastern Europe

Popescu

2014

Sustainability

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“…), 2009;Lazonick, 2013;Lundvall and Borrás, 1999;Smith, 2000) 10 The body of literature is so huge on these issues that only a few references could be mentioned here, in a somewhat arbitrary way: Dyker ( ), (1999, (2004); Dyker (ed.) (1997); Ernst and Kim (2002); Estrin et al (1997); Estrin and Uvalic (2014); Giroud et al (2012); Havas (2000a), ( Radošević and Yoruk (2015); Saliola and Zanfei (2009); Sass and Szalavetz (2014); Stephan (ed. ) (2005); Stephan (2013); Szalavetz (2012);.…”

Section: Innovation In Various Schools Of Thought In Economicsmentioning

confidence: 99%

Comparative Analysis of Policy-Mixes of Research and Innovation Policies in Central and Eastern European Countries

et al. 2015

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Observing the CEE members of the EU (EU10 countries) from a distance, they certainly used to share major structural similarities given their historical legacies, as well as certain 'unifying' effects of their transition to market economy and democracy. Yet, a closer look reveals important elements of diversity in (a) the structure of their national innovation system, (b) the direction of recent structural changes, (c) innovation performance, and (d) patterns of business-academia collaboration. Given this diversity one would assume that fairly different needs are identified in the EU10 countries, necessitating differentiated, 'tailored' policy responses. Yet, these countries follow the same STI policy rationale, namely the market failure argument, which itself can be seen as a unifying force. Actually, this is not unique to the EU10 countries: the science-push model of innovation is still highly influential in the STI policy circles both at the level of the EC and the member states, despite a rich set of research insights stressing the importance of non-R&D types of knowledge in innovation processes.

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“…Foreign direct investments (FDIs) are considered the most important factors for economic growth of transition economies, including the Republic of Macedonia, by taking into account their numerous direct and indirect effects on domestic economy (see Estrin and Uvalic, 2014). FDIs "besides bringing in capital, it introduces new and modern technology, provides market opportunities and linkages to export, and help enhance the standard of living.…”

Section: Introductionmentioning

confidence: 99%

Do foreign direct investments accelerate economic growth? The case of the Republic of Macedonia

Kurtishi-Kastrati¹,

Ramadani²,

Dana³

et al. 2016

IJC

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Abstract:The aim of this paper is to examine the long-run and the short-run relationships between foreign direct investment (FDI) and economic growth in the Republic of Macedonia by applying the cointegration analysis and error correction model to identify the variables explaining FDI determinants in the Republic of Macedonia. The research further attempts to investigate the effect of FDI on economic growth of the Republic of Macedonia using the methodology of vector auto regression and Granger causality test in this specific country. Out of the general conclusions it is evident that despite the above-average growth rates in both gross domestic product (GDP) and FDI in the country, we have found that GDP does not seem to induce FDI and likewise, FDI seems not to induce GDP. It is possible that the nature of this relationship is influenced by other institutional and economic factors. The paper concludes by offering some suggestions to economic policy makers involved in FDI particularly those in transition economies and high-growth potential areas. Suggestions for future research and implications for practice are also stated in the paper. 72S. Kurtishi-Kastrati et al.

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FDI into transition economies

Cited by 69 publications

References 31 publications

FDI and Economic Growth in Central and Eastern Europe

FDI and Economic Growth in Central and Eastern Europe

Comparative Analysis of Policy-Mixes of Research and Innovation Policies in Central and Eastern European Countries

Do foreign direct investments accelerate economic growth? The case of the Republic of Macedonia

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