EconPapers    
Economics at your fingertips  
 

THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN BULGARIA, ROMANIA AND CROATIA DURING THE RECENT ECONOMIC CRISIS1

Mirel - Daniel Simionescu ()
Additional contact information
Mirel - Daniel Simionescu: National Institute for Economic Researches, Romanian Academy

Internal Auditing and Risk Management, 2016, vol. 42, issue 1, 149-158

Abstract: The main aim of this research was to identify the relationship between economic growth and foreign direct investment (FDI) inflows during the recent global crisis in the last three countries that entered European Union (EU): Bulgaria, Romania and Croatia. The Bayesian regression models were used for this short period and the results indicated that during 2008-2015, in Bulgaria and Romania the increase in real GDP rate attracted more FDI, but these FDI did not generate economic growth. On the other hand, even if higher GDP attracted more FDI, in Croatia, FDI was an engine of economic growth since 2008.

Keywords: FDI; economic growth; Bayesian models; crisis (search for similar items in EconPapers)
JEL-codes: C51 C53 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://aimr.univath.ro/download/1070_aimr_42_149_158.pdf (application/pdf)
http://aimr.univath.ro/en/article/THE-RELATIONSHIP ... IC-CRISIS1~1070.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:v:42:y:2016:i:1:p:149-158

Access Statistics for this article

Internal Auditing and Risk Management is currently edited by Emilia Vasile

More articles in Internal Auditing and Risk Management from Athenaeum University of Bucharest Contact information at EDIRC.
Series data maintained by Cosmin Catalin Olteanu and Emilia Vasile ().

 
Page updated 2017-09-29
Handle: RePEc:ath:journl:v:42:y:2016:i:1:p:149-158