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Foreign Investment and Aggregate Concentration - Evidence from Southeast Europe

Aleksandar Todorov ()
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Aleksandar Todorov: Department of Economics, University of Economics - Varna

Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies

Abstract: The purpose of the paper is to provide empirical evidence on regularities concerning the relationship between foreign direct investment and aggregate economic concentration. Based on company data two types of concentration indices are computed – concentration ratio and Gini coefficient. The results suggest that aggregate concentration among the examined countries varies considerably. Although correlated, both measures of concentration seem to measure different aspects of economic concentration. The concentration ratio appears to be higher in smaller economies with higher export and labor intensities. Higher levels of foreign investment appear to be related with higher values of the Gini coefficient, that is with skewer firm size distribution.

Keywords: FDI; economic power; size distribution of firms; large companies; foreign investors (search for similar items in EconPapers)
JEL-codes: L11 F21 P23 (search for similar items in EconPapers)
Date: 2018-12, Revised 2018-12
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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2018-13

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