Inward FDI Stock and Growth in Central and Eastern Europe

Lucyna Kornecki () and Vedapuri Raghavan ()
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Lucyna Kornecki: Embry-Riddle Aeronautical University (ERAU), USA
Vedapuri Raghavan: Embry-Riddle Aeronautical University (ERAU), USA

Review of Economics & Finance, 2011, vol. 1, 19-30

Abstract: This article analyses the foreign direct investment (FDI) in Central and Eastern Europe (CEE) during the post communist era and tests the hypothesis that FDI contributes to the economic growth of the CEE countries. It reflects macroeconomic changes in post communist CEE and estimates the impact of the FDI stock on economic growth in the CEE using model based on the production function. This paper finds a positive association between FDI and economic growth in the CEE and a tremendous impact of FDI stock on GDP growth.

Keywords: Foreign direct investment (FDI); Economic growth; Central and Eastern Europe (CEE) (search for similar items in EconPapers)
JEL-codes: O47 O52 P20 P50 P51 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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