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The Possible Effects of Foreign Direct Investments on the Southeastern European Countries in the Context of the EU Enlargement

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  • Iskra Hristova-Balkanska

Abstract

This article is an attempt to contribute to the analysis of foreign direct investments (FDI) inflows to the Southeastern countries by examining, on a macroeconomic level, the empirical evidence for attracting capital flows. Since the beginning of the century the interest of foreign investors towards the Southeastern European countries increased and respectively this event provoked discussions concerning the continuity of this process as well as factors influencing the decisions of the foreign investors. Indeed in 2003 the FDI inflows in SEECs constitute 73.03% of the FDI attracted by Central European countries (CECs) and 39.096% of the FDI inflows in Eastern Europe. Using a recent data about the FDI inflows in the SEECs, some factors have been demonstrated related to the host countries. The latter can be seen as reflecting the Dunning theory of determine location-specific advantages. The data and the macroeconomic evidence enable to examine how the FDI activities may change the economic environment in one specific country.

Suggested Citation

  • Iskra Hristova-Balkanska, 2005. "The Possible Effects of Foreign Direct Investments on the Southeastern European Countries in the Context of the EU Enlargement," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 95-114.
    • Handle: RePEc:bas:econth:y:2005:i:7:p:95-114
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    1. Mr. Clinton R. Shiells, 2003. "FDI and the Investment Climate in the CIS Countries," IMF Policy Discussion Papers 2003/005, International Monetary Fund.
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    5. Wladimir Andreff, 2003. "The newly emerging TNCs from economies in transition: a comparison with Third World outward FDI," Post-Print halshs-00274654, HAL.
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    Cited by:

    1. Iskra Christova-Balkanska, 2009. "Foreign Direct Investments in Bulgaria: Do They Have an Effect on the Economic Development of the Country?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 197-213.

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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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