Foreign Direct Investment And Economic Growth In Transition Economies

Katerina Lyroudi, John Papanastasiou and Athanasios Vamvakidis
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Katerina Lyroudi: University of Macedonia, Dept. of Accounting and Finance, Greece
John Papanastasiou: University of Macedonia, Dept. of Accounting and Finance, Greece
Athanasios Vamvakidis: International Monetary Fund, USA

South-Eastern Europe Journal of Economics, 2004, vol. 2, issue 1, 97-110

Abstract: Empirical research on the effects of Foreign Direct Investment (FDI) on economic growth mainly focuses on the US and the western European countries. The objective of this paper is to investigate the existence and the nature of the effect of FDI on the rate of growth of a panel of transition economies. We apply Bayesian analysis. Our results indicate that FDI does not exhibit any significant relationship with economic growth for the transition countries.

Keywords: Foreign Direct Investment (FDI); economic growth; transition economies (search for similar items in EconPapers)
JEL-codes: F23 P2 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (40)

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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:2:y:2004:i:1:p:97-110

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