engleski

FDI, trade and growth in the “late reformers’” post transition

We analyse the relationship between FDI, trade and growth during the 2001-2013 period in Albania, Bosnia and Herzegovina, Belarus, Bulgaria, Croatia, the Former Yugoslav Republic of Macedonia, Montenegro, Republic of Moldova, Romania and Serbia. The empirical estimates find positive long-run relationship between growth and all other indicators – FDI, export and import. Thus, we have identified that FDI- led growth and export-led growth hypotheses are valid for these countries. Positive association between imports and growth is probably connected with the structure of FDI in the analysed countries

foreign direct investment ; trade ; growth patterns ; SEE ; transition

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