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FDI and Growth in Eastern Europe: A Sectoral Analysis - Investimenti diretti e crescita in est-Europa: un’analisi settoriale

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  • Sapienza, Elvira

    (Dipartimento di Scienze Statistiche Facoltà di Scienze Politiche Università degli Studi di Napoli "Federico II")

Abstract

Eastern European Countries have attracted large FDI in the last decade, so, accordingly to the theoretical literature, they should receive significant gains from inward foreign direct investment in terms of economic growth. However, often it is neglected the fact that the benefits of FDI vary greatly across sectors: primary, manufacturing and services. This paper, starting from a critical review of recent studies, proposes an empirical analysis of the role of FDI, broken down by sectors, in promoting growth in 12 Eastern European Countries (EEC) for the period 1999-2006. - Nell’ultimo decennio i paesi dell’Europa dell’Est hanno attratto ingenti flussi di Investimenti Diretti per cui, in linea con un ampio filone della letteratura, significativi dovrebbero essere i benefici derivanti in termini di crescita economica. Tuttavia, spesso non si tiene in considerazione il fatto che tali benefici variano fortemente tra settori: primario, manifatturiero e terziario. Questo lavoro, partendo da una rassegna critica degli studi sul tema, propone un’analisi empirica del ruolo degli Investimenti Diretti, considerati a livello settoriale, nel promuovere la crescita in 12 paesi dell’Europa dell’Est per il periodo 1996-2006.

Suggested Citation

  • Sapienza, Elvira, 2010. "FDI and Growth in Eastern Europe: A Sectoral Analysis - Investimenti diretti e crescita in est-Europa: un’analisi settoriale," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 63(4), pages 451-475.
  • Handle: RePEc:ris:ecoint:0606
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    More about this item

    Keywords

    Foreign Direct Investment; Economic Growth; Transition Economies;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects

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