TECHNOLOGY TRANSFER, FDI AND ECONOMIC GROWTH IN THE EU TRANSITION COUNTRIES AND THE REPUBLIC OF CROATIA

Heri Bezic () and Petra Karanikic ()
Additional contact information
Heri Bezic: Faculty of Economics, University of Rijeka
Petra Karanikic: University of Rijeka

Economic Thought and Practice, 2014, vol. 23, issue 2, 463-482

Abstract: The importance of technology in driving the economic growth has been the subject of many studies since technology is one of the key factors of economic growth. Foreign direct investments (FDI) are one of the most effective ways to transfer modern technology and have a positive effect on economic growth. This paper analyses the impact of FDI and indicators of technology transfer and competitiveness on economic growth in the EU Transition countries and Croatia in the period from 2001 to 2010. The analyzed variables were FDI, technology transfer indicators (granted patents, investment in R&D, investment in education) and their impact on GDP. The results showed that there is a positive relationship between FDI and technology transfer indicators on GDP as the key indicator of economic growth what is also related to the EU Transition countries and Croatia.

Keywords: FDI; technology transfer; competitiveness; economic growth; EU Transition countries; Croatia (search for similar items in EconPapers)
JEL-codes: F21 O32 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hrcak.srce.hr/clanak/193322 (application/pdf)

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:avo:emipdu:v:23:y:2014:i:2:p:463-482

Ordering information: This journal article can be ordered from
Economic Thought and Practice, University of Dubrovnik, Branitelja Dubrovnika 29, 20000 Dubrovnik
https://emip.unidu.hr/

Access Statistics for this article

Economic Thought and Practice is currently edited by Nebojsa Stojcic

More articles in Economic Thought and Practice from Department of Economics and Business, University of Dubrovnik Contact information at EDIRC.
Bibliographic data for series maintained by Nebojsa Stojcic ().