Invalidation of a Classic Multi-Factorial Econometric FDI Model in Some Ex-Socialist Countries

In the introductory section are presented the main categories of validated classical foreign direct investment (FDI) models, ending with some of the recently published ones, belonging to the literature of the last decade. A section of methodology presents the main validation tests of the classical econometric model in general. However, the main thrust is the invalidation of a classical model in which FDI is specified in a macroeconomic context starting from GDP value, gross fixed capital formation (FBCF), imports (M) and exports (X), in the case of the Czech Republic, Hungary and Poland. Choosing these ex-socialist European economies and presenting the invalidation of country-specific FDI models, while also exemplifying Fisher or Durbin-Watson tests, reflect certain changes in the investors’ image of these economies, and incite discussion of the similarity of invalidations, which outlines the decision not to invest, rather than invest in these economies. A brief final assessment clarifies the value of an article that both invalidates and does not validate, in the perspective of amplified knowledge, a modelling approach describing situations of real statistical and econometric interest.