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

Author

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  • 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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    Cited by:

    1. Ajide Folorunsho M. & Osinubi Tolulope T., 2020. "Covid-19 Pandemic and Outward Foreign Direct Investment: A Preliminary Note," Economics, Sciendo, vol. 8(2), pages 79-88, December.
    2. Evans Yeboah & Alexander Amo Baffour & Haggai Chibale Chibalamula & Francis Atiso, 2025. "The significance of foreign direct investment (FDI) and trade openness: evidence from nine European economies," SN Business & Economics, Springer, vol. 5(3), pages 1-21, March.
    3. Hayakawa, Kazunobu & Hyun-Hoon, Lee & Cyn-Young, Park, 2022. "Impacts of COVID-19 on foreign direct investment," IDE Discussion Papers 831, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    4. Mario Pečarić & Tino Kusanović & Pavle Jakovac, 2021. "The Determinants of FDI Sectoral Structure in the Central and East European EU Countries," Economies, MDPI, vol. 9(2), pages 1-16, April.

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    More about this item

    Keywords

    FDI; CEE; financial crisis;
    All these keywords.

    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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