Foreign Direct Investment based on Country Risk and other Macroconomic Factors. Econometric Models for Romanian Economy

Gheorghe Săvoiu, Vasile Dinu and Suzana Ciuca ()
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Suzana Ciuca: University of Pitesti, Pitesti

Journal for Economic Forecasting, 2013, issue 1, 39-61

Abstract: The paper identifies several econometric models of Foreign Direct Investment focused on the country risk, which can also signal other macroeconomic indicators in Romania after 1996, according to World Bank and major rating agencies. The introduction presents the oscillation between micro- and macro-economic significance in conceptual interpretation, followed by a review of the literature. A methodology and database section provides the statistical support. The results consist in econometric models, parameterized in EViews. The modelling focused on Euromoney and Standard&Poor’s country risk has proved to be competitive. The findings and conclusions amplify the importance of Foreign Direct Investment models, as a development factor even in times of recession, highlighting the increasing importance of the country risk signal.

Keywords: Foreign Direct Investment; country risk rating agency; econometric model; testing and validation (search for similar items in EconPapers)
JEL-codes: C12 C22 E22 F21 F23 G24 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2013:i:1:p:39-61

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