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FDI in the CEECs Hit Hard by the Global Crisis

Author

Listed:
  • Gabor Hunya

    () (The Vienna Institute for International Economic Studies, wiiw)

  • Monika Schwarzhappel

    () (The Vienna Institute for International Economic Studies, wiiw)

Abstract

Content The first part of the publication contains an analysis of the latest FDI trends complemented by detailed methodological explanations. The analysis highlights the impacts of the recession on FDI in 2009. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by form and FDI income, FDI per capita and other FDI reference parameter (2001-2009) Tables II detailed FDI data by economic activity and by country (last four years) The main sources of data are the central banks of the individual Central, East and Southeast European countries. General Description General Description (PDF) Abstract After a year of stagnation in 2008, FDI inflows to the CEECs halved in 2009. The decline in the NMS was even more severe while less so in the SEE countries. Still, FDI was more resilient to the crisis than other forms of foreign investment. In 2010 FDI may increase moderately in the region as a whole, with uneven development in the individual countries. Growing FDI inflows are expected in Poland and Russia, the largest countries in the region where also economic growth is bound to pick up. Declines are expected in countries with a drawn out recession such as Bulgaria and Romania as well as in several Southeast European countries. Foreign investors' income earned from FDI in the past is high but declining due to the crisis, and repatriated to a large extent. The income outflow may surpass the amount of new capital inflow, but this negative direct effect of FDI on the balance of payments can was offset by the foreign trade surplus generated by foreign affiliates. In 2009 the current accounts of several CEECs turned positive or ran smaller deficits than before which could be financed by FDI to a higher extent than earlier. Examples Table of contents (PDF) Press Release English (PDF) Presentation (German) Related Publication The CD-ROM version contains Excel, CSV, HTML data (time series from 1990 onwards) PDF version of the hardcopy Available time series (XLS) wiiw Database on Foreign Direct Investment 2010 CD-ROM

Suggested Citation

  • Gabor Hunya & Monika Schwarzhappel, 2010. "FDI in the CEECs Hit Hard by the Global Crisis," wiiw FDI Reports 2010-05, The Vienna Institute for International Economic Studies, wiiw.
  • Handle: RePEc:wii:fdirep:fdi:2010-05
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    File URL: https://wiiw.ac.at/fdi-in-the-ceecs-hit-hard-by-the-global-crisis-dlp-2113.pdf
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    Citations

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    Cited by:

    1. Aleksandra Parteka & Joanna Wolszczak-Derlacz, 2013. "The Impact of Trade Integration with the European Union on Productivity in a Posttransition Economy: The Case of Polish Manufacturing Sectors," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(2), pages 84-104, March.
    2. Joel I. Deichmann & Shivam Senjalia, 2013. "Public Perceptions Of Political And Economic Transformation In Croatia And Bih: A Pilot Study," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 25-42, June.
    3. Doris Hanzl-Weiss & Gabor Hunya & Sandor Richter & Robert Stehrer, 2011. "Monthly Report No. 1/2011," wiiw Monthly Reports 2011-01, The Vienna Institute for International Economic Studies, wiiw.
    4. Nadja Walch & Julia Wörz, 2012. "The Impact of Country Risk Ratings and of the Status of EU Integration on FDI Inflows in CESEE Countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 8-26.
    5. Zsolt Darvas, 2011. "Exchange Rate Policy and Economic Growth after the Financial Crisis in Central and Eastern Europe," Working Papers 1103, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    6. Gábor HUNYA & Sándor RICHTER, 2011. "Mutual trade and investment of the Visegrad countries before and after their EU accession," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 77-91, December.

    More about this item

    Keywords

    foreign direct investment; balance of payments; income repatriation; statistics; new EU member states; Southeast Europe; CIS;

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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