Foreign Direct Investment based on Country Risk and other Macroconomic Factors. Econometric Models for Romanian Economy
AbstractThe 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 InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2013)
Issue (Month): 1 (March)
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More information through EDIRC
Foreign Direct Investment; country risk rating agency; econometric model; testing and validation;
Find related papers by JEL classification:
- C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- 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
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
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