DYNAMIC TRENDS OF FOREIGN DIRECT INVESTEMENTS AND MACROECONOMIC CHANGES IN CENTRAL AND EASTERN COUNTRIES DURING 2000-2010

Denisia Vintila
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Denisia Vintila: The Academy of Economic Studies Bucharest, Romania

Annals - Economy Series, 2012, vol. 3, 228-235

Abstract: For the transition economies, foreign direct investments (FDI) were considered the engine of their economic transformation. The purpose of this article is to highlight the evolution of FDI during 2000-2010 for 7 countries of Central and Eastern Europe, precisely: Poland, Hungary, Czech Republic, Slovakia, Slovenia, Romania and Bulgaria (CEE-7) and the changes in the patterns of the FDI received. There are large differences among these countries regarding the investments received and we tried to identity the determinants that contributed to this uneven distribution of FDI .We analyzed the boom of FDI registered by these countries during 2000-2008 and the structure and dynamics of FDI after the break out of the crisis in 2008. FDI in Central and Eastern Europe experienced a collapse in 2009, after 8 year of impressive increase, which followed a strong economic growth. Poland was the most attractive country of the region, even during the financial crisis. Romania and Bulgaria, which experienced an impressive increase of FDI during 2004-2008, were severely affected by the crisis. The collapse of FDI, which coincides with the economic recession, brought also some changes in the structure and form of the FDI received.

Keywords: foreign direct investments; Central and Eastern Europe; transition economies; macroeconomic indicators (search for similar items in EconPapers)
Date: 2012
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