Pregled bibliografske jedinice broj: 730181
Impact of CEE countries integration into the EU: the causal relationship between FDI and GDP
Impact of CEE countries integration into the EU: the causal relationship between FDI and GDP // Absorption capacity of EU pre-accession programs in the Western Balkan countries / Kandžija, Vinko (ur.).
Nica: CEMAFI International, 2014. str. 327-343
CROSBI ID: 730181 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Impact of CEE countries integration into the EU: the causal relationship between FDI and GDP
Autori
Kandžija, Vinko ; Lovrić, Ljiljana
Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni
Knjiga
Absorption capacity of EU pre-accession programs in the Western Balkan countries
Urednik/ci
Kandžija, Vinko
Izdavač
CEMAFI International
Grad
Nica
Godina
2014
Raspon stranica
327-343
ISBN
978-2-9544508-4-1
Ključne riječi
FDI, GDP, absorption capacity, Panel dana causality analysis, EU, CEE, Generalized Method of Moments (GMM).
Sažetak
The purpose of this study is to investigate the causal relationship between FDI and GDP in CEE countries in the frame of overall integration impact of CEE countries to EU. The research is performed on two homogenous sample groups of EU countries, 10 developed and 8 CEE developing ones. The dynamic period of 1998-2012 is chosen, which includes transition, adjustment, accession and membership of CEE countries in EU. The results confirm endogeneity of variables and refer on liability to use Generalized Method of Moments as estimation method. It is found bidirectional causality in developed group of countries and one directional in CEE group. The FDI inward in CEE countries is not the force that benefits the growth of GDP. Development policy must be focused on increasing the absorptive capabilities of these countries.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
