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Shaping The Image Of Bulgaria As Fdi Destination In Southeastern Europe: The Course After 1989

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  • METAXAS, Theodore
  • TSAVDARIDOU, Maria

Abstract

The purpose of this article is to investigate the case of Bulgaria as a destination for attracting Foreign Direct Investments (FDI). An in depth analysis provides the overall picture as far as the economic level and the development policies that the country followed after 1989, as well as the FDI and the level of the country’s competitiveness level highlighting/pointing out advantages and disadvantages. A formulated model of Bulgaria as an attractive destination for FDI is developed through this analysis. The paper concludes that Bulgaria may offer a friendly environment for establishing FDI but there are important issues/problems that concern the ability of the political power and capacity to design and implement development policies and the lack of urban infrastructures and technology which are major factors for attracting FDI. Yet, the overall effort to promote the image of the country as an investment destination for the period of 2007-2012 includes actions that could solve the above issues/problems or could be part of the solution for these problems

Suggested Citation

  • METAXAS, Theodore & TSAVDARIDOU, Maria, 2011. "Shaping The Image Of Bulgaria As Fdi Destination In Southeastern Europe: The Course After 1989," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    • Handle: RePEc:eaa:aeinde:v:11:y:2011:i:2_5
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    References listed on IDEAS

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    1. Diana Bozhilova, 2010. "When Foreign Direct Investment is Good for Development: Bulgaria’s accession, industrial restructuring and regional FDI," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 33, Hellenic Observatory, LSE.
    2. Kaloyan KOLEV, 2010. "The role of multinational enterprises for regional development in Bulgaria," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 119-138, December.
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    6. Fabien Candau, 2008. "Entrepreneurs' Location Choice And Public Policies: A Survey Of The New Economic Geography," Journal of Economic Surveys, Wiley Blackwell, vol. 22(5), pages 909-952, December.
    7. Bozhilova, Diana, 2010. "When foreign direct investment is good for development: Bulgaria’s accession, industrial restructuring and regional FDI," LSE Research Online Documents on Economics 27673, London School of Economics and Political Science, LSE Library.
    8. Hans‐Peter Lankes & A. J. Venables, 1996. "Foreign direct investment in economic transition: the changing pattern of investments," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 331-347, October.
    9. Katerina Lyroudi & John Papanastasiou & Athanasios Vamvakidis, 2004. "Foreign Direct Investment And Economic Growth In Transition Economies," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 2(1), pages 97-110.
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    Cited by:

    1. KAPITSINIS, Nikolaos & METAXAS, Theodore & DUQUENNE, Marie Noelle, 2013. "Exploring The Coherence And The Meaning Of Territorial Competition: Do National States Behave In The Same Way As Firms In Case Of Default?. The Cases Of Greece And Dubai," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 57-72.

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    Keywords

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    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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