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Impact Of The Economic Crisis On Fdi In Central And Eastern Europe

Author

Listed:
  • Adina DORNEAN

    () (“Alexandru Ioan Cuza” University of Iasi, Iasi, Romania)

  • Dumitru-Cristian OANEA

    () (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Few studies have investigated the relationship between the 2008 global financial and economic crisis and foreign direct investments (FDI) flows. This paper aims to analyze empirically this relationship for Central and Eastern European (CEE) countries. The crisis had a major impact on capital flows to the region, although the magnitude of the impact differed notably, depending on specific characteristics of the host country. In order to highlight this, we use a multivariate regression model based on dynamic panel data methodology, which will help us in analyzing also the significant factors affecting the evolution of FDI in the CEE countries during the period 2000-2013.

Suggested Citation

  • Adina DORNEAN & Dumitru-Cristian OANEA, 2015. "Impact Of The Economic Crisis On Fdi In Central And Eastern Europe," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 16, pages 53-68, December.
  • Handle: RePEc:aic:revebs:y:2015:d:16:dorneana
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    References listed on IDEAS

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    1. DORNEAN Adina & ISAN Vasile & OANEA Dumitru-Cristian, 2012. "The Impact Of Current Crisis On Foreign Direct Investment. Evidence From Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 266-273.
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    5. DORNEAN Adina & OANEA Dumitru-Cristian, 2013. "Foreign Direct Investment And Post Crisis Economic Growth. Evidence From European Union," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 65(6), pages 46-60.
    6. Alfaro, Laura & Chanda, Areendam & Kalemli-Ozcan, Sebnem & Sayek, Selin, 2004. "FDI and economic growth: the role of local financial markets," Journal of International Economics, Elsevier, vol. 64(1), pages 89-112, October.
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    More about this item

    Keywords

    FDI; CEE; financial crisis;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G01 - Financial Economics - - General - - - Financial Crises

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