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Eu-Country And Non-Eu-Country At The Time Of Crisis: Foreign Direct Investment

Author

Listed:
  • Helga Kristjansdottir

    (Faculty of Business Administration, University of Akureyri, Iceland)

  • Stefania Oskarsdottir

    (Faculty of Political Science, University of Iceland, Iceland)

Abstract

The global financial crisis affected the flows of foreign direct investment (FDI). This study focuses on two countries in the midst of the financial crisis: Iceland with IMF backup, and Ireland with ECB backup. The research focus is on the situation from the broad perspective of international economics and political atmosphere, combining government decisions with economic consequences. We analyze inward foreign direct investment, incorporating factors like economic size and stock market firms, receiving portfolio investment, rather than FDI. Our findings indicate that before the crisis the economic wealth in the domestic market to have positive effects on FDI, and firms receiving portfolio investment on the stock market are competing with FDI. This is the case for both Ireland and Iceland. However, after the crisis, these factors have insignificant impact on FDI.

Suggested Citation

  • Helga Kristjansdottir & Stefania Oskarsdottir, 2020. "Eu-Country And Non-Eu-Country At The Time Of Crisis: Foreign Direct Investment," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(3).
    • Handle: RePEc:bal:journl:2256-0742:2020:6:3:3
    DOI: 10.30525/2256-0742/2020-6-3-19-23
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    More about this item

    Keywords

    European Union; EFTA; Ireland; Iceland; Global Financial Crisis; International Trade; Foreign Direct Investment (FDI);
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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