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The Relationship Between Foreign Direct Investment And Economic Growth In Bulgaria, Romania And Croatia During The Recent Economic Crisis1

Author

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  • Mirel - Daniel SIMIONESCU

    (National Institute for Economic Researches, Romanian Academy)

Abstract

The main aim of this research was to identify the relationship between economic growth and foreign direct investment (FDI) inflows during the recent global crisis in the last three countries that entered European Union (EU): Bulgaria, Romania and Croatia. The Bayesian regression models were used for this short period and the results indicated that during 2008-2015, in Bulgaria and Romania the increase in real GDP rate attracted more FDI, but these FDI did not generate economic growth. On the other hand, even if higher GDP attracted more FDI, in Croatia, FDI was an engine of economic growth since 2008.

Suggested Citation

  • Mirel - Daniel SIMIONESCU, 2016. "The Relationship Between Foreign Direct Investment And Economic Growth In Bulgaria, Romania And Croatia During The Recent Economic Crisis1," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 42(1), pages 149-158, June.
    • Handle: RePEc:ath:journl:v:42:y:2016:i:1:p:149-158
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    More about this item

    Keywords

    FDI; economic growth; Bayesian models; crisis;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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