Attraction of Foreign Direct Investments as a Challenge in Accession Process to European Union
When we speak about the significance of foreign direct investments (FDI) for the transition economies of Southeastern Europe, we mainly think of two important effects of FDI: effect on economic growth and effect on export performances. Both economic features (growth and export performance) are important for the transition economies in sense of European Union (EU) accession prospect. The experience of Central European countries, now members of European Union, shows that FDI inflows from EU countries were indicator of country’s reform progress. After short review of relevant researches, we analyzed the statistical relationship between FDI inflow and economic growth. Results don’t reveal any positive correlation between these two variables. However, FDI play important role in technology transfer and improve technological development level in transition economies. On the other hand, our research shows that FDI are correlated with improving of export’s structure of transition countries. FDI inflows in Central European countries were followed by changes of factorial intensity of export goods, as by sectoral structure of export, in positive manner. Compared with Central European transition countries, region of Southeastern Europe has less success in attracting FDI, which consequently results in weaker economic and export performances. FDI have an important role in export’s structure convergence between EU and transition countries.
|Date of creation:||2006|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Aturupane, Chonira & Djankov, Simeon & Hoekman, Bernard, 1997.
"Determinants of Intra-Industry Trade between East and West Europe,"
CEPR Discussion Papers
1721, C.E.P.R. Discussion Papers.
- Aturupane, Chonira & Djankov, Simeon & Hoekman, Bernard, 1997. "Determinants of intra-industry trade between East and West Europe," Policy Research Working Paper Series 1850, The World Bank.
- Campos, Nauro F & Kinoshita, Yuko, 2002.
"Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies,"
CEPR Discussion Papers
3417, C.E.P.R. Discussion Papers.
- Campos, Nauro F & Kinoshita, Yuko, 2002. "Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies," Manchester School, University of Manchester, vol. 70(3), pages 398-419, June.
- Nauro F. Campos & Yuko Kinoshita, 2002. "Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies," William Davidson Institute Working Papers Series 438, William Davidson Institute at the University of Michigan.
- Djankov, Simeon & Hoekman, Bernard, 1999.
"Foreign investment and productivity growth in Czech enterprises,"
Policy Research Working Paper Series
2115, The World Bank.
- Djankov, Simeon & Hoekman, Bernard M, 2000. "Foreign Investment and Productivity Growth in Czech Enterprises," World Bank Economic Review, World Bank Group, vol. 14(1), pages 49-64, January.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:4844. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.