engleski

Macroeconomic Stability and FDI Flows in the Time of Crisis: Case Study of Certain Old and New Member States

The purpose of his article is to examine the relationship between FDI and national economic policy in the time of crisis. By joining the EU and the eurozone some participating countires gave up certain parts of their political and economic soverenity, while others for variouis reasons didn't participate in the eurozone. We assume the existence of certain differences between those groups of countires, which are caused by the possibility to accomodate the effects of international financial crisis through authonomously run monetary and fiscal policy. The proposed panel econometric model goes as follows: FDI=a+bInfl+cEurzo+dReg+eDebt+fTrade+gGDP+ з

FDI flows. macroeconomic stability; EU; gravity econometric model

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