FDI, trade and growth in the “late reformers’” post transition

Valerija Botric, Katarina Bačić and Suncana Slijepcevic ()
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Katarina Bačić: The Institute of Economics, Zagreb, Croatia

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 269-280

Abstract: We analyse the relationship between FDI, trade and growth during the 2001-2013 period in Albania, Bosnia and Herzegovina, Belarus, Bulgaria, Croatia, the Former Yugoslav Republic of Macedonia, Montenegro, Republic of Moldova, Romania and Serbia. The empirical estimates find positive long-run relationship between growth and all other indicators – FDI, export and import. Thus, we have identified that FDI-led growth and export-led growth hypotheses are valid for these countries. Positive association between imports and growth is probably connected with the structure of FDI in the analysed countries.

Keywords: foreign direct investment; trade; growth patterns; SEE; transition. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:269-280

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