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The Impact of Foreign Direct Investment on Industrial Economic Growth in Belarus

Author

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  • Maryia Akulava

    () (Belarusian Economic Research and Outreach Center (BEROC))

Abstract

This paper analyses the impact of foreign direct investment (FDI) on economic performance using the Belarusian industrial aggregated panel data over the 2002-2009 period. The paper didn’t reveal any general influence of FDI on the economic performance. However, a very diverse FDI impact at the industrial level was found. The obtained results showed that the foreign capital distribution across sectors of the economy determines the FDI impact on economic performance. The results revealed both positive impact of FDI (the construction industry, IT, real estate, machinery, food and fuel industry) and negative (black metallurgy, construction materials, forestry, communications, culture).

Suggested Citation

  • Maryia Akulava, 2011. "The Impact of Foreign Direct Investment on Industrial Economic Growth in Belarus," BEROC Working Paper Series 11, Belarusian Economic Research and Outreach Center (BEROC).
  • Handle: RePEc:bel:wpaper:11
    as

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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Foreign Direct Investment; cross-industrial differences; Belarus;
    All these keywords.

    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
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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