Arbeitspapier

The Impact of Sectorial FDI on Economic Growth in Central, Eastern and Southeastern Europe

This paper investigates the effects of foreign direct investment inflows in the industrial, construction and services sectors on economic growth in a panel of sixteen Central, Eastern and Southeastern European CESEE countries using data of different time spans within the 1998-2013 period. The empirical results show that total FDI contributes positively to the growth in the analyzed countries. With regards to our main focus, the analysis of the decomposition of FDI finds that FDI in the industrial and services sectors has a positive and significant effect on economic growth, whereas FDI in the construction sector does not exert statistically significant growth-promoting effects.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 1/2017

Klassifikation
Wirtschaft
International Investment; Long-term Capital Movements
Economic Growth of Open Economies
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Thema
Foreign direct investment
economic growth
industrial sector
construction sector
services sector

Ereignis
Geistige Schöpfung
(wer)
Miteski, Mite
Stefanova, Dijana Janevska
Ereignis
Veröffentlichung
(wer)
National Bank of the Republic of Macedonia
(wo)
Skopje
(wann)
2017

Handle
Letzte Aktualisierung
12.07.2024, 13:20 MESZ

Objekttyp

  • Arbeitspapier

Beteiligte

  • Miteski, Mite
  • Stefanova, Dijana Janevska
  • National Bank of the Republic of Macedonia

Entstanden

  • 2017

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