Naslov
An overview of institutional development as a determinant of FDI attractiveness in the Southeastern Europe

Autori
Kersan-Škabić, Ines

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development, 2nd International Scientific Conference, Book of Proceedings / Filipovic, D. and Gotnik Urnaut, A. - Varaždin : Varaždin Development and Entreneuership Agency (Varaždin, Croatia) and Faculty of Commercial and Business Sciences (Celje, Slovenia), 2013, 1095-1105

ISBN
33034082 0860344

Skup
Economic and Social Development

Mjesto i datum
Pariz, Francuska, 05.04.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
FDI; institutional development; SEE region

Sažetak
In the situation of the scarce domestic capital and investments, foreign direct investments (FDI) are needed to push the domestic economy and employment. They are usually seen as a solution to boost economic growth, but their effects on the domestic economy depend on the type of FDI and sectors where they go. The aim of this paper is to research institutional environment in the SEE countries: effectiveness of government, rule of law, protection of property rights, etc. The indicators about doing business, transition progress and governance are included in the analysis. Indicators of institutional development point many weaknesses in the SEE region: relatively high perception of corruption, poor development of institutions in terms of competitiveness, poor credit rating, poor efficiency of government, the rule of law, political stability. According to the analyzed parameters it can be concluded that the highest level of per capita FDI attracted Montenegro and Croatia, where it should be noted that the institutional arrangements in Montenegro becames more convenient for foreign investors in comparison to Croatia. Romania and Bulgaria as a member of the European Union recorded a number of deficiencies in the institutional development, that means that the EU membership was not solved their internal institutional weaknesses. At the same time it is also a lesson for other countries in the region that the issues of institutional arrangements is an internal matter and the accession to the EU (and the EU membership) can only help in building institutions, but the country remains responsible for the efficiency of their performances.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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