The influence of foreign direct investments on economic and social development of Serbia

Kastratović, Radovan

doi:10.5937/bankarstvo1604070k

Cited by 9 publications

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“…Namely, export effects appear to be strongly positive in developing countries (Ahmad et al, 2018; Asirvatham et al, 2017; Mijiyawa, 2017; Sahoo & Dash, 2022). The existing macro‐level studies focusing on Serbia are in line with these findings, indicating a significant positive correlation between foreign direct investment and exports of moderate intensity (Kastratović, 2016; Obradović et al, 2021). In contrast, the effects are mainly insignificant in developed countries (Acaravci & Ozturk, 2012; Popovici, 2018).…”

Section: Literature Reviewsupporting

confidence: 59%

Exporting decision of agricultural firms: The role of foreign direct investment

Kastratović

2023

Agribusiness

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In this study, we examine how foreign direct investment affects agricultural firms' exporting decisions. We investigate this by using a Tobit model of export intensity, estimated on the sample of 104 Serbian agricultural firms observed in the period 2014–2017. In particular, we considered both direct and indirect export effects of foreign direct investment. The results indicate that foreign ownership positively affects firms' export intensity. Furthermore, we find that the effect is conditional on the origin of foreign capital, the strongest effects being associated with capital coming from bordering countries. Finally, the results show that the indirect effects of foreign direct investment on export are mainly negative. The results imply that agricultural firms which are a part of the system of multinational enterprises have lower costs of exporting, due to their reliance on international distribution networks and the information on foreign markets provided by the parent companies. In contrast, the costs of production for the local firms could be increased due to the intensive competition by the foreign affiliates. This means that foreign direct investment has the potential to improve the export performances of host‐country agricultural firms. However, to realize their full potential, a sufficient absorptive capacity of the local firms is required. [EconLit Citations: F21, F23, Q17].

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Section: Literature Reviewsupporting

confidence: 59%

Exporting decision of agricultural firms: The role of foreign direct investment

Kastratović

2023

Agribusiness

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“…A similar trend was recorded in FDIs as well. The FDIs inflow was very high after 2003, especially in the period 2006-2008(Stojanović, 2018Kastratović, 2016).…”

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confidence: 99%

The role and importance of large companies in the economy of the Republic of Serbia

Krstić¹,

Fedajev²

2020

Serb J Management

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In contemporary business conditions, advanced market economies are characterized by the increasing contribution of the SMEs sector to the economic development. Having that in mind, a large number of papers have been aimed at analyzing business doing in this sector in the last couple of years. In this way, the focus has been shifted from large business entities and their importance to the economic growth to the SMEs sector. In this regard, the aim of this paper is to examine the financial situation, the place and the role of large companies in the overall economy of the Republic of Serbia, where, having in mind the fact that it is a transition economy, large enterprises, both private and public, significantly contribute to the growth of the economic activity and employment. Before all, the degree of the liquidity, efficiency, indebtedness and profitability of these companies in the period 2014-2017 was determined by using the ratio analysis. After that, on the basis of the selected ratios, a comparative financial performance analysis of large business entities in relation to those small, medium-sized and microwas carried out by applying the Entropy and the PROMETHEE II methods. The obtained results pointed out that large business entities had a favorable business economy in relation to the other groups of business entities by size, and their performances had improved to a certain extent in the observed period.

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“…The same analysis showed that total imports had the largest impact on BiH's economic growth, while foreign direct investments and total exports took second place. The general conclusion, based on all the aforementioned and other empirical research, is that FDI does have a positive impact on GDP growth, exports, and foreign currency inflow, as well as on the decrease of unemployment, poverty, and inequality (Kastratović, 2016).…”

Section: Literature Overviewmentioning

confidence: 91%

The Contribution of Development Factors to Economic Growth on Various GDP Levels – The Middle-Income Trap

Todorović

Kalinović

2023

TEME

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This paper analyses the intensity of the influence of foreign direct investments, exports of goods and services, and research and development expenditure on GDP growth of developed and developing countries. Panel regression analysis determined that the exports of goods and services make the largest contribution to growth on middle levels of income. In fact, the contribution the export of goods and services makes to growth on middle levels of income is two times larger than in countries with a high GDP. The most essential impact on countries with a high GDP level was made by research and development expenditure, which is 3.5 times larger than its impact on the developing Balkan countries. The phenomenon of the Middle-Income Trap can be explained by insufficient research and development expenditure. Foreign direct investments are not statistically significant for the GDP growth of observed countries, but they achieve far better results on low development levels. The empirical data, presented in figures, confirms the conclusions of the econometric analysis.

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The influence of foreign direct investments on economic and social development of Serbia

Cited by 9 publications

References 0 publications

Exporting decision of agricultural firms: The role of foreign direct investment

Exporting decision of agricultural firms: The role of foreign direct investment

The role and importance of large companies in the economy of the Republic of Serbia

The Contribution of Development Factors to Economic Growth on Various GDP Levels – The Middle-Income Trap

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