EconPapers    
Economics at your fingertips  
 

The Impact of Foreign Direct Investments and Remittances on Economic Growth: A Case Study in Central and Eastern Europe

Calin-Adrian Comes (), Elena Bunduchi (), Valentina Vasile () and Daniel Stefan ()
Additional contact information
Calin-Adrian Comes: Financial-Accounting Department, Faculty of Business and Law, Petru Maior University of Tîrgu-MureŞ, Tîrgu-MureŞ 540 088, MUREŞ County, Romania
Elena Bunduchi: Financial-Accounting Department, Faculty of Business and Law, Petru Maior University of Tîrgu-MureŞ, Tîrgu-MureŞ 540 088, MUREŞ County, Romania
Daniel Stefan: Financial-Accounting Department, Faculty of Business and Law, Petru Maior University of Tîrgu-MureŞ, Tîrgu-MureŞ 540 088, MUREŞ County, Romania

Sustainability, 2018, vol. 10, issue 1, 1-16

Abstract: This paper investigates the impact of Foreign Direct Investment (FDI) and remittances on Economic Growth (EG), using panel data of seven countries from Central and Eastern Europe with a Gross Domestic Product (GDP) per capita under 25,000 $. The empirical literature stressed the relationships between FDI and remittances and economic growth, and our purpose is to identify if there are significant relationships between FDI, remittances and economic growth in the seven analyzed countries. We find a positive impact of both FDI and remittances on GDP, but the influence of FDI is higher in all analyzed states, with accepting the assumption of ceteris paribus principles in limiting research caused by other possible determinants.

Keywords: remittances; foreign direct investments; economic growth; panel data analysis; hierarchical cluster analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/10/1/238/pdf (application/pdf)
https://www.mdpi.com/2071-1050/10/1/238/ (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:gam:jsusta:v:10:y:2018:i:1:p:238-:d:127506

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2019-01-01
Handle: RePEc:gam:jsusta:v:10:y:2018:i:1:p:238-:d:127506