The Role of Foreign Direct Investment in the Economy

The Role of Foreign Direct Investment in the Economy

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A key component of economic globalization, foreign direct investment (FDI) plays a special role in stimulating the growth of countries? competitiveness. This book provides a comprehensive insight into the relationship between foreign direct investment and economic growth, with a special focus on the countries of Central and Eastern Europe. The empirical and theoretical studies included in the book describe the positive impact of foreign direct investment on long-term economic growth in both developed and developing countries. The book documents the extent of foreign direct investment and barriers to FDI in selected countries. It shows the positive growth effects of foreign direct investment, while noting that these effects are not guaranteed automatically. The book is a valuable source of information on foreign direct investment, especially in Central and Eastern Europe, and the business decision-making process in more

Product details

  • Paperback | 216 pages
  • 149 x 210 x 15mm | 281g
  • Hampp, Rainer
  • English
  • 3866183070
  • 9783866183070

Table of contents

1;Contents;6§2;Chapter I;10§2.1;References;15§3;Chapter II;16§3.1;Introduction;16§3.2;2. Literature Review;19§3.2.1;2.1. Transmission channels between FSFDI and economic growth;19§3.2.2;2.2 Signals of Foreign Bank Entry;22§3.3;3. Analysis of Bulgaria and Croatia;28§3.3.1;3.1. Facts about the financial sector and FDI;28§3.3.2;3.2. Statistical Analyses;33§3.4;4. Conclusion;40§3.5;5. Agenda for further research;42§3.6;References;43§3.7;APPENDIX;49§4;Chapter III;56§4.1;Introduction;56§4.2;2. The role of institutional quality for international integration and competitiveness;57§4.3;3 Econometric Methodology;59§4.3.1;3.1 The specification;59§4.3.2;3.2 Data;61§4.4;4 Results;63§4.4.1;4.1 Gravity regressions;63§4.4.2;4.2 Robustness;66§4.5;5 Conclusions;68§4.6;References;68§5;Chapter IV;70§5.1;Introduction;70§5.1.1;1.1 The Economic Shifts Worldwide;70§5.1.2;1.2 Major Economic Data Revealing the Shift from the West to the East;72§5.1.3;1.3 Other Factors;74§5.1.4;2.1 Eurasian Railways and Economic Significance;77§5.2;Concluding Remarks;82§5.3;References;82§6;Chapter V;84§6.1;Introduction;84§6.2;2. Literature Review;85§6.3;3. Data and Descriptive Statistics;88§6.3.1;3.1 Data Sources and Variable Definitions;88§6.3.2;3.2. Descriptive Statistics;90§6.4;4. Methodology and Results;93§6.4.1;4.1. FGLS estimation;93§6.5;5. Conclusion;95§6.6;References;97§6.7;Appendix: Transition Countries in the sample;99§7;Chapter VI;100§7.1;Introduction;100§7.2;2. Foreign direct investment inflows to CEE countries;103§7.3;3. FDI productivity spillovers in local firms;106§7.4;4. Data description and analysis of foreign presence in the manufacturing sector;110§7.5;5. Estimation strategy;114§7.6;6. Estimation results;117§7.7;7. Conclusions;121§7.8;References;122§8;Chapter VII;134§8.1;Introduction;134§8.2;2. FDI, technology transfer and innovation: an interface;135§8.3;3. Knowledge creation by foreign-owned firms in Poland;137§8.4;4. Inflow of knowledge from abroad: assessment based on patent statistics;144§8.5;5. The impact of FDI on innovation in Poland: a regression analysis;145§8.6;6. Conclusions;148§8.7;References;148§9;Chapter VIII;151§9.1;Introduction;151§9.2;2. FDI evolution in Romania;154§9.3;3. The role of FDI in the manufacturing sector;155§9.4;4. Case study: FDI impact on human resources in the manufacturing sector;159§9.4.1;4.1 Result analyses and interpretation;160§9.5;5. Investment priorities and factors that influence FDI;170§9.5.1;5.1. Phase 2 - Interviews;171§9.6;6. Conclusions and recommendations;174§9.7;7. Future research;176§9.8;References;176§10;Chapter IX;179§10.1;Introduction;179§10.2;2. Structural characteristics of globalization;179§10.2.1;2.1 Foreign direct investment;180§10.3;3. International division of labor;180§10.3.1;3.1. International context;181§10.3.2;3.2. The structure and competitiveness of foreign trade;182§10.3.3;3.3. Quality of trade structure;183§10.4;4. Internationalization of research and development;188§10.4.1;4.1. International context;188§10.4.2;4.2. Fragmentation of multinational value chain;189§10.4.3;4.3 Foreign investment in knowledge-intensive activities;190§10.4.4;4.4 Knowledge-intensive activities of foreign companies;192§10.5;5. Conclusions;196§10.6;References;197§11;Chapter X;199§11.1;Introduction;199§11.2;2. Overview of FDI theories concerning technology transfer and diffusion35;200§11.2.1;2.1 Monopolistic advantages theory (S.H. Hymer);200§11.2.2;2.2 International product life cycle theory (R. Vernon);201§11.2.3;2.3 FDI internationalization theory;202§11.2.4;2.4 Localisation factors theory;202§11.2.5;2.5 "Eclectic" theory of international production (Eclectic foreign investment the-ory) (J.H. Dunning);202§11.2.6;2.6 Comparative advantages theory (K. Kojima);203§11.3;3. FDI - a channel of technology transfer;204§11.3.1;3.1 Classification of spillover effects;205§11.4;4. Measuring spillovers from FDI - methodologyshow more