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Foreign Direct Investments As A Factor For Economic Growth In Romania

Author

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  • Piotr MISZTAL

    (Technical University in Radom Economics Department, Chair of International Economics and Regional Integration, Poland)

Abstract

The main aim of the article is to present the influence of foreign direct investments (FDI) on the economic growth in Romania between 2000 and 2009. The article consists of two parts. The first part presents a theoretical analysis of the FDI-led growth hypothesis. This part overviews empirical research, while the next one analyses the importance of foreign direct investments for economic growth in Romania using the Vector Autoregression Model (VAR). The elasticity coefficients of gross domestic product (GDP) to changes in gross fixed capital formation, employment, exports of goods and services, and foreign direct investments in Romania are estimated on the basis of impulse response function. Finally, the author offers a decomposition of the gross domestic product variance to assess the degree of GDP determination by changes in gross fixed capital formation, employment, exports of goods and services, and foreign direct investments in Romania.

Suggested Citation

  • Piotr MISZTAL, 2010. "Foreign Direct Investments As A Factor For Economic Growth In Romania," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 5, pages 39-53, June.
    • Handle: RePEc:aic:revebs:y:2010:i:5:%20papers/misztalp
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    Citations

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    Cited by:

    1. Rajmund Mirdala, 2011. "Financial Integration And Economic Growth In The European Transition Economies," Journal of Advanced Studies in Finance, ASERS Publishing, vol. 2(2), pages 116-137.
    2. Fauzi HUSSIN & Norazrul Mat ROS & Mohd Saifoul Zamzuri NOOR, 2013. "Determinants of Economic Growth in Malaysia 1970-2010," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 3(9), pages 1140-1151, September.
    3. Aneta Kosztowniak, 2014. "Analysis Of The Cobb-Douglas Production Function As A Tool To Investigate The Impact Of Fdi Net Inflows On Gross Domestic Product Value In Poland In The Period 1994–2012," Oeconomia Copernicana, Institute of Economic Research, vol. 5(4), pages 169-190, December.
    4. Calcedonia Enache & Fernando Merino, 2017. "Determinants of Foreign Direct Investment in Romania: a Quantitative Approach," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(44), pages 275-275, February.
    5. Rajmund MIRDALA, 2012. "Financial Deepening And Economic Growth In The European Transition Economies," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 6(6(18)/ Su), pages 177-194.
    6. Siti Mariam Norrulashikin, 2015. "An Investigation Towards The Suitability Of Vector Autoregressive Approach On Modeling Meteorological Data," Modern Applied Science, Canadian Center of Science and Education, vol. 9(11), pages 1-89, October.
    7. Zaman Gheorghe & Vasile Valentina & Cristea Anca, 2012. "Sustainable Development Challenges And Fdi Impact In Host Countries," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 444-460, July.
    8. Lira Peter SEKANTSI & Mamofokeng MOTLOKOA, 2015. "Evidence On The Nexus Between Electricity Consumption And Economic Growth Through Empirical Investigation Of Uganda," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 15, pages 149-165, June.
    9. Marius Daniel Stanescu, 2020. "Structure, Role And Impact Of The Fdi On Economic Growth In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 106-114, October.
    10. Alina Mihaela Ciobanu, 2021. "The Impact of FDI on Economic Growth in Case of Romania," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(12), pages 1-81, December.

    More about this item

    Keywords

    Economic growth; foreign direct investments; vector autoregressive model;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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