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FDI Attraction: Comparative Analysis of the Baltic States and Georgia

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Listed:
  • Tatiana Papiashvili
  • Svetlana Saksonova
  • Ramona Rupeika-Apoga

Abstract

The attraction of foreign direct investment (FDI) is usually an economic policy priority due to its positive effects on economic growth because of new capital and technology, higher employment, new management practices, improvements in the quality of services, as well as innovation and lower production costs.This paper aims to assess the investment climate in the Baltic states and Georgia and evaluate what are the appropriate FDI policy objectives and approaches there. It considers three international indices as measures of investment climate: Index of Economic Freedom, Corruption Perceptions Index, and Ease of Doing Business Index.The results suggest that all three international indices are useful in assessing investment liberalization, promotion and facilitation. This paper argues that FDI policy needs to consider country-specific characteristics: for countries above a certain threshold FDI attraction depends mostly on macroeconomic and external factors, while other countries need to focus on specific reforms to improve investment climate.

Suggested Citation

  • Tatiana Papiashvili & Svetlana Saksonova & Ramona Rupeika-Apoga, 2017. "FDI Attraction: Comparative Analysis of the Baltic States and Georgia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 81-93.
    • Handle: RePEc:ers:ijebaa:v:v:y:2017:i:3:p:81-93
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    Cited by:

    1. SELAKOVIĆ Marko, 2022. "Fake News and Foreign Direct Investment Inflows: Is there a Relationship?," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    2. Egorov M.V. & Kiyanova A.S. & Egorova E.M. & Egorova L.I., 2018. "Foreign Direct Investment in Intangible Assets of Tourism and Recreational Companies," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 903-913.

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    More about this item

    Keywords

    Foreign direct investment; Baltic states; Georgia; investment climate;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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