The Impact of FDI on the labor market in Central and Eastern Europe during the international crisis
AbstractOne of the most important consequences of the economic and financial crisis is the record of negative growth rates and high rates of unemployment. FDI are widely recognized for their contribution on host country economic growth, therefore foreign capital inflows are considered a viable solution to reduce unemployment and stimulate economic growth. The aim of the paper is to review the main features of the labor market in Central and Eastern Europe countries, to analyze the dynamic of FDI flows in these countries and theoretically to present the effects of FDI on employment. The econometric analysis is conducted on the situation of Romania and emphasizes the negative relationship between FDI and unemployment.
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Bibliographic InfoArticle provided by Pro Global Science Association in its journal Published in Review of Applied Socio-Economic Research.
Volume (Year): 3 (2012)
Issue (Month): 1 (July)
foreign direct investment; labor market; employment; unemployment; crisis;
Find related papers by JEL classification:
- 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
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
- J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
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