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Opportunities for Foreign Direct Investments through International Business Incubators in Bulgaria

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  • Nikolay Naydenov

Abstract

The paper describes the specific of the international business incubators (IBI) against the background of the specific of the business incubators as a form of supporting the small and medium-sized business and by studying three concrete international business incubators, which represent the three main economic centers in the world. The analysis of IBI as a way of attracting FDI is conducted on the basis of a review of theoretical formulations concerning FDI, drawing the attention to the applicability of this type of business incubators in Bulgaria. Based on information from internet and a questionnaire survey, the development of the business incubation process in Bulgaria is analyzed with a view to the opportunities for attracting additional FDI in the country through IBI, outlining the favorable and unfavorable for this process factors.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2008)
Issue (Month): 3 ()
Pages: 180-211

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Handle: RePEc:bas:econst:y:2008:i:3:p:180-211

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  1. Yuko Kinoshita & Nauro F. Campos, 2003. "Why Does FDI Go Where it Goes? New Evidence from the Transition Economies," IMF Working Papers 03/228, International Monetary Fund.
  2. Uppenberg, Kristian & Riess, Armin, 2004. "Determinants and growth effects of foreign direct investment," EIB Papers 3/2004, European Investment Bank, Economics Department.
  3. Blomström, Magnus & Kokko, Ari, 2003. "Human Capital and Inward FDI," CEPR Discussion Papers 3762, C.E.P.R. Discussion Papers.
  4. Otto Andersen, 1993. "On the Internationalization Process of Firms: A Critical Analysis," Journal of International Business Studies, Palgrave Macmillan, vol. 24(2), pages 209-231, June.
  5. Fumagalli, Chiara, 2003. "On the welfare effects of competition for foreign direct investments," European Economic Review, Elsevier, vol. 47(6), pages 963-983, December.
  6. Giuseppe Nicoletti & Steve Golub & Dana Hajkova & Daniel Mirza & Kwang-Yeol Yoo, 2003. "Policies and International Integration: Influences on Trade and Foreign Direct Investment," OECD Economics Department Working Papers 359, OECD Publishing.
  7. Martín, Carmela & Velazquez, Francisco J, 1997. "The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs," CEPR Discussion Papers 1637, C.E.P.R. Discussion Papers.
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