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FDI Revisited: Empirical Evidence from Transition Economies - Case of Albania

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Author Info
Constantinos Alexiou (Department of Economics, City Liberal Studies (an affiliated institution of the University of Sheffield, Thessaloniki, Greece)
Doriana Toro (Department of Economics, City Liberal Studies (an affiliated institution of the University of Sheffield, Thessaloniki, Greece)

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Abstract

Transition economies in the Central East European (CEE) and South East European (SEE) region have embraced the notion that FDI can act as a catalyst in their effort to reform their economies and as a result policies and measures have been put in place to attract FDI inflows. Indeed, foreign investors started moving capital into the region which caused FDI to increase markedly. The undertaken study draws on the idiosyncratic economic environment of Albania and attempts for the first time to provide empirical evidence on the short as well as the long-run relationship between FDI and a number of factors thought to play an instrumental role in attracting foreign capital.

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Publisher Info
Article provided by Faculty of Economics and Business, University of Zagreb in its journal Zagreb International Review of Economics and Business.

Volume (Year): 9 (2006)
Issue (Month): 2 (November)
Pages: 59-94
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Handle: RePEc:zag:zirebs:v:9:y:2006:i:2:p:59-94

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Related research
Keywords: Foreign Direct Investment Albania ARDL model Cointegration

Find related papers by JEL classification:
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

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