engleski

FDI and economic growth in Central and Eastern Europe: Is there a link?

The final results of the quantitative analysis imply that FDI cannot account for higher growth of the observed economies. FDI appears insignificant for growth. The finding can be explained by the fact that FDI have not contributed to the capital formation strongly because they have dominantly flown in as brownfield investments into services. Market-orientation of FDI coupled with the use of home country suppliers’ or parent company’s goods and services might have helped to annul the positive effects of FDI.

Foreign direct investment, economic growth, Central and Eastern Europe, spillover, competitive effect, enterprise restructuring, industrial networks, absorptive capacity

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