scholarly journals Foreign direct investments and unequal regional development in Serbia

2015 ◽  
Vol 95 (1) ◽  
pp. 19-30
Author(s):  
Bojan Vracarevic ◽  
Miomir Jovanovic
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Regional Development ◽  
Direct Investment ◽  
Regional Disparity ◽  
Regional Disparities ◽  
Foreign Direct Investments ◽  
Collateral Damage ◽  
Current Stage

Foreign direct investments are an important factor for economic growth in Serbia. Most of the foreign direct investment in the period 2001 to 2012 was in the Belgrade region and, to a lesser extent, in Vojvodina. This spatially concentrated distribution caused an increase in regional disparity in Serbia. The connection between foreign direct investment and regional disparities can in part be explained by the current stage of economic development. However, in the case of Serbia, one of the main reasons was the lack of a clearly defined policy to attract foreign direct investments, the collateral damage being the increase in regional disparities.

scholarly journals THE EVALUATION OF FOREIGN DIRECT INVESTMENT INFLUENCE ON ECONOMIC DEVELOPMENT OF BALTIC COUNTRIES / TIESIOGINIŲ UŽSIENIO INVESTICIJŲ ĮTAKOS BALTIJOS ŠALIŲ EKONOMINEI RAIDAI VERTINIMAS

2016 ◽  
Vol 8 (2) ◽  
pp. 212-200 ◽  
Author(s):  
Greta Lukoševičiūtė ◽  
Raimonda Martinkutė-Kaulienė
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Statistical Data ◽  
Foreign Direct Investments ◽  
Theoretical Evaluation ◽  
Correlation And Regression Analysis ◽  
Baltic Countries ◽  
The Baltic

In order to ensure economic growth it is necessary to pay attention to the investments. The bigger amount of investments and their profitability grants the bigger scale of country‘s production and its growth. In the paper foreign direct investments (FDI) in the Baltic Countries were analysed. The theoretical evaluation of foreign direct investment on economic development of country was submitted. It was theoretically analysed the factors that attract foreign direct investment. Based on statistical data FDI and GDP dynamics in the Baltic countries was analysed. FDI flows and GDP connection using correlation and regression analysis was evaluated. Results of analysis was used to evaluate foreign direct investment influence on economic development of Baltic Countries. Stengiantis užtikrinti ekonominį augimą būtina atkreipti dėmesį į investicijas. Kuo didesnės investicijų apimtys ir jų pelningumas, tuo didesni šalies gamybos mastai ir aukštesni jos didėjimo tempai. Straipsnyje nagrinėjamos tiesioginės užsienio investicijos (TUI) Baltijos šalyse 2008–2014 metais. Pateikiamas teorinis tiesioginių užsienio investicijų daromos įtakos vertinimas šalies ekonominei raidai. Teoriškai analizuojami veiksniai, skatinantys tiesiogines užsienio investicijas. Remiantis statistiniais duomenimis, ištirta TUI srautų bei BVP dinamika Baltijos šalyse per 2008–2014 metus. Taikant koreliacinės regresinės analizės metodus tiriamas TUI ir BVP ryšys. Pagal tyrimo rezultatus įvertinama tiesioginių užsienio investicijų daroma įtaka Baltijos šalių ekonominei raidai.

scholarly journals The Impact of the Inflow of Foreign Direct Investments on the Economic Development of Serbia

ECONOMICS ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 123-142
Author(s):  
Slaviša Kovačević ◽  
Mladen Rebić ◽  
Drago Kurušić
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Growth And Development ◽  
Direct Investment ◽  
Positive Relationship ◽  
Foreign Direct Investments ◽  
Economic Growth And Development ◽  
Total Turnover ◽  
The Impact

Abstract Foreign direct investments present one of the very important products of globalization, by establishing a new economic concept of free international movement of capital, people, goods and services. An analyses of the impact of this type of international movement of capital on economic growth and development is one of the modern tendencies of economic researchers. The subject of this paper is the analysis of the impact of the level and structure of foreign direct investment on the economic development of the Serbian economy, where the impact of foreign direct investment inflow on economic growth, current balance, manufacturing industry through the impact on total industry turnover, employment and productivity will be separately considered. The aim of this research is to prove the importance of FDI for developing countries, as well as to point out the need to improve and enhance the business environment in order to maximize FDI inflows. The main hypothesis of this research is that foreign direct investments significantly contribute to the economic growth and development of the Republic of Serbia. For the purposes of hypothesis analysis and testing, a simple linear regression model was used in this paper. The research was conducted for the period from 2010 to 2019. The obtained results present a positive relationship between the inflow of foreign direct investment and GDP growth, and show a positive relationship between growth of investments in manufacturing and growth in productivity, employment and total turnover, and show a positive relationship between FDI inflow and export value.

Attracting foreign capital as a factor in ensuring the country's economic growth

2020 ◽  
pp. 34-41
Author(s):  
Taras Malyshivskyi ◽  
Volodymyr Stefinin
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Low Income ◽  
Direct Investment ◽  
Foreign Capital ◽  
Local Level ◽  
Current Trend ◽  
Raw Material ◽  
Foreign Capital Inflows

The article examines the relationship between attracting foreign capital in the form of foreign direct investment and ensuring economic development. In particular, the analysis of the current structure of the economy is indicated, its raw material character is pointed out and, based on other researches, the necessity of its reform is substantiated, as Ukraine will remain a low-income country if the current trend continues. This is due to the fact that countries with a raw material structure of the economy are characterized by a low level of economic complexity, and therefore are not able to generate high levels of income in society. As a result, the expediency of stimulating the attraction of investment resources into the country’s economy, in particular in the form of foreign direct investment, is substantiated. The dynamics of attracting foreign direct investment to Ukraine and a number of other countries for the period from 1991 to 2019 is analyzed and the key negative factors that deter foreign investors from investing in the economy of Ukraine are indicated. As a result of the analysis, divergent trends in the economic development of Ukraine and other analyzed countries (Poland, Czech Republic, Slovakia, Turkey, Romania, Hungary) were identified, which contributed to economic stagnation and restrained economic growth and development. Taking into account the analysis, as well as based on the concept of investment and innovation growth, it is proposed to use the experience of Israel to improve the country’s investment attractiveness and stimulate foreign capital inflows by adapting the Yozma program to Ukrainian realities. According to our estimates, the adaptation of this program to the Ukrainian economy will attract about $ 350 million over a five-year period of venture capital alone. In addition, programs such as YOSMA can also be implemented at the regional or even local level. We believe that the use of this tool will improve the investment attractiveness of the country, as well as provide sufficient financial resources to modernize the domestic economy and ensure rapid economic growth.

Doing Business in Africa and African Business Opportunities

2014 ◽  
pp. 119-166
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Foreign Direct Investments ◽  
African Countries ◽  
Performance Levels ◽  
Doing Business ◽  
Business Opportunities ◽  
And Performance

This is a key chapter in this book. It is central to the book’s message and explains fully the concept “doing business in Africa.” The chapter further classifies African business opportunities into enabling and specific opportunities. Specific opportunities are precise areas of Foreign Direct investments. The enabling opportunities are resources and institutions that make investing and doing business in Africa possible and easier. These resources and institutions include USA, European, Chinese, Brazilian, and Indian strategies to promote investment and “doing business in Africa.” These strategies further include linkages and several USA, European, Indian, Brazilian, and Chinese institutions focusing on promoting African trade and business. Moreover, the various perspectives of Foreign Direct Investment in Africa are elucidated and African countries are classified according to their economic development and performance levels.

THE RELATIVE CONTRIBUTIONS OF DOMESTIC AND FOREIGN DIRECT INVESTMENTS AND EXPORTS TO MALAYSIA'S ECONOMIC GROWTH

2015 ◽  
Vol 60 (02) ◽  
pp. 1550011 ◽  
Author(s):  
CHOR FOON TANG ◽  
EU CHYE TAN
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Empirical Studies ◽  
Decomposition Analysis ◽  
Variance Decomposition ◽  
Growth Effect ◽  
Foreign Direct Investments ◽  
Causality Test

The objective of this study is to assess the roles of domestic direct investment, foreign direct investment and exports as catalysts of Malaysia's economic growth using cointegration and Granger causality test techniques. To address the dynamics in the growth relationships, the study also performs time-varying regression and variance decomposition analyses. It covers the quarterly sample period from 1991:Q1 to 2010:Q2. The econometric results suggest that all the three variables have a positive impact on economic growth and thus are catalytic to economic growth. However, the growth effect of domestic direct investment is more stable than that of the other two growth determinants. Contrary to earlier empirical studies, the variance decomposition analysis herein reveals that domestic direct investment is the most important determinant of growth in the long-run (L-R) compared to exports and foreign direct investment.

scholarly journals Modeling the impact assessment of agricultural sector on economic development as a basis for the country’s investment potential

2019 ◽  
Vol 16 (3) ◽  
pp. 229-240
Author(s):  
Alina Bukhtiarova ◽  
Arsen Hayriyan ◽  
Victor Chentsov ◽  
Sergii Sokol
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
The Cost ◽  
The Impact

In the context of countries integration into the world economic space, agricultural sector is one of the priorities and strategically important sectors of the national economy. Development of instruments aimed to increase investment potential of this sector is therefore an important component of the country’s economy growth. The article proposes a science-based model of the impact of the agricultural sector on the economic development level of countries trying to move towards European integration.It was found that the employment rate (+58.4) has the largest influence on the rate of GDP change in the studied group of countries (Ukraine, Moldova, Georgia, Armenia). The impact of the gross value added of the manufacturing sector on its economic growth is positive (+44.6). The negative foreign direct investment ratio in the model (–40.3) may be due to the fact that the indicator in the studied countries is still largely influenced by the intervention of the state mechanism, significant uncertainty and risk, which is a deterrent to the overall economic development. An important result of the study was that foreign direct investment had a negative impact on economic growth in developing countries. Further development of the investment potential of a country’s agricultural sector provides for a radical acceleration of scientific and technological progress and, on this basis, a reduction in the cost of a unit of agricultural products and food and an increase in their competitiveness in the domestic and world markets.

scholarly journals Foreign Direct Investments In Bangladesh: Some Recent Trends And Implications

2016 ◽  
Vol 15 (1) ◽  
pp. 21-32
Author(s):  
Sonia H. Manzoor ◽  
Manzoor E. Chowdhury
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Functional Relationship ◽  
Secondary Data ◽  
Physical Capital ◽  
Developing Nations ◽  
Foreign Direct Investments ◽  
Recent Trends

For many developing nations, Foreign Direct Investment (FDI) has been viewed as a powerful instrument for economic development.  In particular, FDI has become a major source of capital formation and an instrument for facilitating knowledge transfer.  Expansion of FDI has led countries to build physical capital, increase employment, trade, and gross domestic product, and consequently helped to eradicate poverty.  Using secondary data for Bangladesh, this paper investigates the effect of FDI on some major economic indicators of growth and examines the functional relationship between FDI and indicators.

scholarly journals THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH OF PAKISTAN

2019 ◽  
Vol 58 (1) ◽  
pp. 115-124
Author(s):  
Rummana Zaheer ◽  
Shahana Kiramat
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Secondary Data ◽  
Significant Relation ◽  
Explanatory Variables ◽  
Augmented Dickey Fuller ◽  
The Relationship

Although it is very common to argue that the foreign direct investment is beneficial for the economic development of a nation. This exploration investigates the connection amongst FDI and economic development in case of Pakistan. In this study secondary data from 1985 to 2016 is taken to examine the relationship. The investigation included GDP as explained and exports and FDI as explanatory variables. To check data either it is stationary or not the study used Augmented Dickey Fuller test in our study. After making data stationary we have used OLS method to investigate the nature of relationship between the variables. Our results show that there is direct link amongst explained and explanatory variable. The findings also show that there is significant relationship between FDI and economic growth. After analyzing the calculations we came to know that foreign direct investment is a significant element for the economic development because it has positive impact and have significant relation with growth of an economy. Since FDI is an impressive element in economic development so, government should take steps to attract the foreign investors and make policies to encourage the trade liberalization to gain more from the foreign investment.

scholarly journals Foreign direct investments as a means of financing the economic development of Southeastern European countries

2020 ◽  
Vol 14 (1) ◽  
pp. 34-51
Author(s):  
Dragica Stojanović
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
European Countries ◽  
Current Account Balance ◽  
Domestic Investment ◽  
Economic Growth Rate ◽  
Domestic Savings

The paper analyzes the sources of Southeastern European countries' economic development financing - Albania, Bosnia and Herzegovina, Bulgaria, Montenegro, Croatia, Romania, Macedonia, and Serbia in the period from year 2009 to year 2018. The research focus is on the one hand directed towards the analysis of the economic growth rate, the share of domestic savings and the current account balance. On the other hand, particular attention in the analysis is given to the data on the dynamics of foreign direct investment. The analysis in the paper indicates that due to the lack of domestic savings and difficulties with foreign borrowing, in the observed period, foreign direct investment was the most represented source of financing for economic development. The analysis for the SEE countries also shows that the lack of domestic savings caused the unfavorable structure of foreign direct investment flows with the end result of a low economic growth rate. When it comes to the relevance of foreign direct investment for the long-term economic development of Southeastern European countries, the paper concludes that a more active development policy is needed, aimed at increasing the share of domestic savings in gross domestic product as well as the growth of the domestic investment. Simply put, in present circumstances, it is unrealistic to rely heavily on foreign investments.

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