FDI Impact on CEECs Development under the EU Integration

Carp Lenuþa ()
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Carp Lenuþa: „Alexandru Ioan Cuza” University of Iasi

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 164-169

Abstract: The EU integration has had a strong impact on the degree of attractiveness for the countries situated in the Central and Eastern Europe (CEE). Foreign direct investments (FDI) are widely recognized as major catalysts of economic growth. This paper aims to emphasize the favorable impact of EU integration the former transition economies (Romania, Bulgaria, Czech Republic, Hungary and Poland) through the dynamic analysis of the macroeconomic indicators. Using a Granger causality test, the article will highlight, in the case of Romania, the existence of a strong a pozitive correlation between FDI, trade and GDP growth. Further analysis will be expanded by including in the sample both developing and developed countries. The results will allow us to draw important conclusions regarding the role of foreign investments.

Keywords: FDI; integration; economic growth; Granger Causality (search for similar items in EconPapers)
JEL-codes: F15 F21 F43 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:164-169

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