Outward FDI and the Investment Development Path in Romania
AbstractOur study characterizes the outward FDI phenomenon in Romania in the light of Dunning’s Investment Development Path theory, based on the relationship between a country’s development level and its net international investment position, that has previously been applied to most CEE countries except for ours. A series of indicators are used, concluding that, nowadays, Romania is situated in the second stage of IDP. More, we found that the IDP paradigm is generally applicable to Romania; the specific feature consists in bigger growth rates of FDI inflows than of GDP in the first stages of IDP. Some policy implications are drawn.
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Bibliographic InfoArticle provided by Institute of National Economy in its journal Romanian Journal of Economics.
Volume (Year): 31 (2010(XX))
Issue (Month): 2(40) (December)
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multinationals; outward FDI; international investment position; IDP theory; descriptive analyses;
Find related papers by JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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