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Foreign Direct Investment And Economic Growth In Transition Economies

Author

Listed:
  • Katerina Lyroudi

    (University of Macedonia, Dept. of Accounting and Finance, Greece)

  • John Papanastasiou

    (University of Macedonia, Dept. of Accounting and Finance, Greece)

  • Athanasios Vamvakidis

    (International Monetary Fund, USA)

Abstract

Empirical research on the effects of Foreign Direct Investment (FDI) on economic growth mainly focuses on the US and the western European countries. The objective of this paper is to investigate the existence and the nature of the effect of FDI on the rate of growth of a panel of transition economies. We apply Bayesian analysis. Our results indicate that FDI does not exhibit any significant relationship with economic growth for the transition countries.

Suggested Citation

  • Katerina Lyroudi & John Papanastasiou & Athanasios Vamvakidis, 2004. "Foreign Direct Investment And Economic Growth In Transition Economies," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 2(1), pages 97-110.
    • Handle: RePEc:seb:journl:v:2:y:2004:i:1:p:97-110
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    File URL: http://www.asecu.gr/Seeje/issue02/lyroudi.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Foreign Direct Investment (FDI); economic growth; transition economies;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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