Economics at your fingertips  


Oana Socoliuc (), Andreea-Oana Iacobuta () and Delia Diaconaşu ()
Additional contact information
Oana Socoliuc: Faculty of Economics and Business Administration within Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2014, vol. 6(3), issue 3, 86-102

Abstract: Foreign direct investments might be perceived as the engine of growth and economic development for both developed and developing economies. For of Romania, a country with a closed regime in the past, their role is even more important in promoting prosperity and social wealth. In the context of EU integration, Romania had benefited from a large amount of foreign direct investments coming especially from the major European economies, but such ascending trend with positive implications towards economic and social areas was all at once interrupted by the recent financial crisis. The deep recession in Romania along with numerous internal disequilibria had a negative impact on those who want to invest in this perimeter. In such circumstances the purpose of this paper is to investigate the effects of the crisis on FDI flows and consequently, on Romania’s development potential using a Granger causality analysis. The results highlight that FDI inflows have a prominent benefic influence on economic growth and that Romanian economic climate is not ready to ensure the bidirectional nexus.

Keywords: foreign direct investment; economic growth; crisis (search for similar items in EconPapers)
JEL-codes: F21 G01 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (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:

Access Statistics for this article

More articles in CES Working Papers from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().

Page updated 2020-11-15
Handle: RePEc:jes:wpaper:y:2014:v:6:i:3:p:86-102