Naslov
Foreign Direct Investment and Stock Markets Development in CEE Countries

Autori
Barbić, Tajana ; Čondić-Jurkić, Iva

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

Izvornik
Development Potentials of Foreign Direct Investment: International Experiences / Antevski, Miroslav - Beograd : Institut za međunarodnu politiku i gospodarstvo, 2011, 207-218

ISBN
978-86-7067-152-2

Skup
Development Potentials of Foreign Direct Investment: International Experiences

Mjesto i datum
Beograd, Srbija, 16.09.2010. - 17.09.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
FDI; stock markets; cointegration; Granger causality

Sažetak
The foreign direct investment (FDI) in CEE countries has grown rapidly in recent years. Relevant literature suggest that an increase of FDI flows was facilitated mainly by structural reforms undertaken by host country, including strengthening of macroeconomic stability, privatization, capital account liberalization and tax incentives. Development of financial markets has also played a remarkable role in attracting FDI. However, the aim of this paper is to explore what effect have foreign direct investment had on stock markets of selected CEE countries, i.e. whether foreign investment have fostered further development and deepening of stock markets. Long- and short-run relationships between FDI inflow and stock market development are to be tested using Johansen cointegration method and Granger causality test, respectively.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA