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The Possible Effects of Foreign Direct Investments on the Southeastern European Countries in the Context of the EU Enlargement

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  • Iskra Hristova-Balkanska

Abstract

This article is an attempt to contribute to the analysis of foreign direct investments (FDI) inflows to the Southeastern countries by examining, on a macroeconomic level, the empirical evidence for attracting capital flows. Since the beginning of the century the interest of foreign investors towards the Southeastern European countries increased and respectively this event provoked discussions concerning the continuity of this process as well as factors influencing the decisions of the foreign investors. Indeed in 2003 the FDI inflows in SEECs constitute 73.03% of the FDI attracted by Central European countries (CECs) and 39.096% of the FDI inflows in Eastern Europe. Using a recent data about the FDI inflows in the SEECs, some factors have been demonstrated related to the host countries. The latter can be seen as reflecting the Dunning theory of determine location-specific advantages. The data and the macroeconomic evidence enable to examine how the FDI activities may change the economic environment in one specific country.

Suggested Citation

  • Iskra Hristova-Balkanska, 2005. "The Possible Effects of Foreign Direct Investments on the Southeastern European Countries in the Context of the EU Enlargement," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 95-114.
  • Handle: RePEc:bas:econth:y:2005:i:7:p:95-114
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    References listed on IDEAS

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    1. Nunnenkamp, Peter & Spatz, Julius, 2002. "Determinants of FDI in Developing Countries: Has Globalization Changed the Rules of the Game?," Open Access Publications from Kiel Institute for the World Economy 2976, Kiel Institute for the World Economy (IfW).
    2. Laura Resmini, 2000. "The Determinants of Foreign Direct Investment in the CEECs: New evidence from sectoral patterns," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 665-689, November.
    3. Lucas, Robert E. B., 1993. "On the determinants of direct foreign investment: Evidence from East and Southeast Asia," World Development, Elsevier, vol. 21(3), pages 391-406, March.
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    Cited by:

    1. Iskra Christova-Balkanska, 2009. "Foreign Direct Investments in Bulgaria: Do They Have an Effect on the Economic Development of the Country?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 197-213.

    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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