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Outward Fdi And The Investment Development Path In Romania


  • Lect. Simona Gabriela Maşca Ph.D

    (“Babeş-Bolyai” University Faculty of Economics and Business Administration Cluj-Napoca, Romania)

  • Assist. Viorela Ligia Văidean Ph.D Student

    (“Babeş-Bolyai” University Faculty of Economics and Business Administration Cluj-Napoca, Romania)


Outward foreign direct investment (FDI) represents the present way for Central and Eastern European countries reintegration in the global economy, coming next after foreign trade and FDI inflows liberalization. Analyzing the multinationals location factors, Dunning explains in his theories the relationship between a country’s development level and its net international investment position. This relationship was recently empirically tested for some CEE countries. Since Romania is not concerned by these studies, we are interested on characterizing the outward FDI phenomenon in Romania in the light of Dunning’s Investment Development Path theory. A series of indicators are used in this purpose, concluding that nowadays, Romania is situated in the second stage of IDP. More, we found that the IDP paradigm is generally applicable to Romania; the particularity consists in bigger growth rates for FDI inflows than for GDP in the first stages of IDP. Some policy implications are drawn at the end.

Suggested Citation

  • Lect. Simona Gabriela Maşca Ph.D & Assist. Viorela Ligia Văidean Ph.D Student, 2010. "Outward Fdi And The Investment Development Path In Romania," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15S), pages 27-38, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2010:i:15s:p:27-38

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    References listed on IDEAS

    1. Anil DIVARCI & Mehtap HISARCIKLILAR & Ozgur KAYALICA & Saime KAYAM, "undated". "Foreign Direct Investment and Development in MENA Countries," Middle East and North Africa 330400020, EcoMod.
    2. Liu, Xiaohui & Buck, Trevor & Shu, Chang, 2005. "Chinese economic development, the next stage: outward FDI?," International Business Review, Elsevier, vol. 14(1), pages 97-115, February.
    3. Lee, Jaeho & Slater, Jim, 2007. "Dynamic capabilities, entrepreneurial rent-seeking and the investment development path: The case of Samsung," Journal of International Management, Elsevier, vol. 13(3), pages 241-257, September.
    4. Kálmán Kalotay, 2004. "Outward FDI from Central and Eastern European Countries," Economic Change and Restructuring, Springer, vol. 37(2), pages 141-172, June.
    5. Marjan Svetlicic & Andreja Jaklic, 2007. "Outward FDI from New European Union Member States," Chapters,in: Foreign Direct Investment in Europe, chapter 13 Edward Elgar Publishing.
    6. John Dunning, 1981. "Explaining the international direct investment position of countries: Towards a dynamic or developmental approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 30-64, March.
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    More about this item


    multinationals; outward FDI; international investment position; IDP theory; descriptive analyses;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies


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