Foreign Direct Investment and Sustainable Development. A Regional Approach for Romania

Mihaela Simionescu

Working Papers of Macroeconomic Modelling Seminar from Institute for Economic Forecasting

Abstract: In this paper, the relationship between foreign direct investment (FDI) in Romania and economic and social development as part of sustainable development is analyzed. The research is based on a regional approach, some panel vector-autoregressive models being proposed for evaluating the influence of FDI on economic growth and on relative poverty rate in the Romanian regions during 2005-2014. Two types of analyses were proposed: one that includes all the 8 regions and one that excludes Bucuresti-Ilfov region from study, because it is an outlier with respect to FDI weight in total FDI and to economic growth. Indeed, if the Bucuresti-Ilfov region is included, FDI generated economic growth in Romania, but if this region is excluded, in the rest of the country, FDI had a negative impact on economic growth. In the seven regions of Romania, excepting Bucuresti-Ilfov one, FDI did not diminish the poverty rate.

Keywords: sustainable development; FDI; economic growth; poverty rate (search for similar items in EconPapers)
JEL-codes: C51 C53 E22 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2016-11
New Economics Papers: this item is included in nep-int and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:wpmems:162702

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