Modalităţi de a îmbunătăţi fluxurile de ISD în ţările din Europa Centrală şi de Est utilizând instrumentele politicii publice
Oana Popovici and
Adrian Cantemir Calin
Theoretical and Applied Economics, 2013, vol. XX, issue Special II, 346-357
In this paper we state that the ten Central and Eastern European (CEE) countries, members of the European Union, are able to attract larger volumes of foreign direct investments (FDI) as a solution for their lack of funding after the financial crisis if they improve their public policy practices. We start our analysis based on early empirical results showing that the FDI inflows in the CEE countries are due to issues regarding the low labour cost, the development of the mobile telecommunications infrastructure and the macroeconomic stability for the 2003-2011 period. We establish the gap between the current level of FDI and the potential FDI volume to be attracted if each country applies either the best public policy practices identified in the group of the ten analysed countries either if they reach to an average level recorded by the CEE countries. We found that Estonia and Lithuania are the closest to their potential. Our main conclusion is that public policy tools can be used even on short term in order to further attract FDI inflows in order to cover the finance requirements of each of the analysed countries.
Keywords: foreign direct investments; public policies; gap; Central and Eastern Europe. (search for similar items in EconPapers)
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