Panel Data Analysis of the Impact of Economic and Institutional Factors upon the FDI Inflow in See Countries

Authors

  • Elena Makrevska Disoska
  • Katerina Toshevska-Trpchevska
  • Irena Kikerkova

Keywords:

foreign direct investment, South-East Europe, CEFTA-2006, economic factors; institutional factors

Abstract

The panel data analysis presented in this paper focuses on the impact of economic and institutional factors upon the attractiveness of the economies of South- East Europe (SEE): Albania, Bosnia and Herzegovina, Bulgaria, Macedonia, Montenegro, Romania, Serbia, Kosovo and Croatia for foreign direct investment (FDI). The analysis was done for a period of twenty years (1995-2015) in order to examine which determinants are significant for increased FDI inflow in the SEE countries on a basis of a holistic approach using multiple regressions. Taking into account both economic and institutional variables, the results of the analysis indicate both of them to be significant for attracting FDI.

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Published

2018-12-31

Issue

Vol. 3 No. 2 (2018): Review of Socio-Economic Perspectives

Section

Research Articles

License

Authors retain copyright and typically publish under a Creative Commons license (CC BY-NC 4.0), allowing for broad dissemination and reuse.

Important notice: ‘Starting from Vol 10 , Issue 1, 2025 the title will be published under the licence CC BY-NC 4.0.