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Opportunities for Foreign Direct Investments through International Business Incubators in Bulgaria

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  • Nikolay Naydenov

Abstract

The paper describes the specific of the international business incubators (IBI) against the background of the specific of the business incubators as a form of supporting the small and medium-sized business and by studying three concrete international business incubators, which represent the three main economic centers in the world. The analysis of IBI as a way of attracting FDI is conducted on the basis of a review of theoretical formulations concerning FDI, drawing the attention to the applicability of this type of business incubators in Bulgaria. Based on information from internet and a questionnaire survey, the development of the business incubation process in Bulgaria is analyzed with a view to the opportunities for attracting additional FDI in the country through IBI, outlining the favorable and unfavorable for this process factors.

Suggested Citation

  • Nikolay Naydenov, 2008. "Opportunities for Foreign Direct Investments through International Business Incubators in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 180-211.
  • Handle: RePEc:bas:econst:y:2008:i:3:p:180-211
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    References listed on IDEAS

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    1. Uppenberg, Kristian & Riess, Armin, 2004. "Determinants and growth effects of foreign direct investment," EIB Papers 3/2004, European Investment Bank, Economics Department.
    2. Martín, Carmela & Velazquez, Francisco J, 1997. "The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs," CEPR Discussion Papers 1637, C.E.P.R. Discussion Papers.
    3. Fumagalli, Chiara, 2003. "On the welfare effects of competition for foreign direct investments," European Economic Review, Elsevier, vol. 47(6), pages 963-983, December.
    4. Yuko Kinoshita & Nauro F. Campos, 2003. "Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies," IMF Working Papers 03/228, International Monetary Fund.
    5. Otto Andersen, 1993. "On the Internationalization Process of Firms: A Critical Analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 24(2), pages 209-231, June.
    6. Blomström, Magnus & Kokko, Ari, 2003. "Human Capital and Inward FDI," CEPR Discussion Papers 3762, C.E.P.R. Discussion Papers.
    7. Giuseppe Nicoletti & Steve Golub & Dana Hajkova & Daniel Mirza & Kwang-Yeol Yoo, 2003. "Policies and International Integration: Influences on Trade and Foreign Direct Investment," OECD Economics Department Working Papers 359, OECD Publishing.
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    More about this item

    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
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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