Outward FDI and the Investment Development Path in Romania

Simona Gabriela Masca () and Viorela Ligia Vaidean ()
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Simona Gabriela Masca: “Babes-Bolyai” University, Faculty of Economics and Business Administration, Finance Department
Viorela Ligia Vaidean: “Babes-Bolyai” University, Faculty of Economics and Business Administration, Finance Department

Romanian Journal of Economics, 2010, vol. 31, issue 2(40), 49-64

Abstract: Our study characterizes the outward FDI phenomenon in Romania in the light of Dunning’s Investment Development Path theory, based on the relationship between a country’s development level and its net international investment position, that has previously been applied to most CEE countries except for ours. A series of indicators are used, concluding that, nowadays, Romania is situated in the second stage of IDP. More, we found that the IDP paradigm is generally applicable to Romania; the specific feature consists in bigger growth rates of FDI inflows than of GDP in the first stages of IDP. Some policy implications are drawn.

Keywords: multinationals, outward FDI; international investment position; IDP theory; descriptive analyses (search for similar items in EconPapers)
JEL-codes: F21 F23 F43 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:2:y:2010:i:40:p:49-64

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