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The Influence of Direct Foreign Investments on Romania’s Economic Growth in the Context of the COVID-19 Pandemic

Author

Listed:
  • Radu CIOBANU

    (Bucharest University of Economic Studies)

  • Daniela-Nicoleta SAHLIAN

    (Bucharest University of Economic Studies)

  • Mihai VUȚĂ

    (Bucharest University of Economic Studies)

  • Silviu Cornel CHIRIAC

    (Bihor)

Abstract

Direct foreign investments (DFI) reflect an important characteristic in the development of the world economy, representing the main external funding source for any type of economy, both developed and less developed. These are considered stable motors of the economic growth, as they are based on the long-term relation between the investors and the concerned countries, increasing the flow of foreign investments and thus becoming a target pursued by any government. The objective of this article is the analysis of DFI, the relations between them, the benefits it brings to the economy, the impact of the main macroeconomic indicators on the economic growth with accent on DFI and last, but not least, of the effect that it may have on the economy in the context of the COVID-19 pandemic.

Suggested Citation

  • Radu CIOBANU & Daniela-Nicoleta SAHLIAN & Mihai VUȚĂ & Silviu Cornel CHIRIAC, 2021. "The Influence of Direct Foreign Investments on Romania’s Economic Growth in the Context of the COVID-19 Pandemic," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 2(11), pages 3-9, November.
  • Handle: RePEc:ahd:journl:v:2:y:2021:i:11:p:3-9
    DOI: 10.37945/cbr.2021.11.01
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    More about this item

    Keywords

    direct foreign investments; economic development; growth rate of GDP; net flows of DFI; COVID-19 pandemic;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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