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Foreign Direct Investment based on Country Risk and other Macroconomic Factors. Econometric Models for Romanian Economy

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Author Info

  • Savoiu, Gheorghe

    ()
    (University of Pitesti, Pitesti)

  • Dinu, Vasile

    ()
    (Academy of Economic Studies, Bucharest)

  • Ciuca, Suzana

    ()
    (University of Pitesti, Pitesti)

Abstract

The paper identifies several econometric models of Foreign Direct Investment focused on the country risk, which can also signal other macroeconomic indicators in Romania after 1996, according to World Bank and major rating agencies. The introduction presents the oscillation between micro- and macro-economic significance in conceptual interpretation, followed by a review of the literature. A methodology and database section provides the statistical support. The results consist in econometric models, parameterized in EViews. The modelling focused on Euromoney and Standard&Poor’s country risk has proved to be competitive. The findings and conclusions amplify the importance of Foreign Direct Investment models, as a development factor even in times of recession, highlighting the increasing importance of the country risk signal.

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Bibliographic Info

Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

Volume (Year): (2013)
Issue (Month): 1 (March)
Pages: 39-61

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Handle: RePEc:rjr:romjef:v::y:2013:i:1:p:39-61

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Related research

Keywords: Foreign Direct Investment; country risk rating agency; econometric model; testing and validation;

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References

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