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Foreign Direct Investments and Gross Domestic Product Development in USA, European Union and China (1995-2014)

Author

Listed:
  • Daryoush Soleimani

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,)

  • Mansoor Maitah

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,)

  • Karel Malec

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,)

  • Sylvie Kobzev Kot skov

    (Department of Humanities, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic.)

Abstract

European Union (EU) and China established diplomatic relations in 1975, and now became mutually indispensable economic partners, presenting both an opportunity and challenge. During that time, after the first market reforms which were introduced in 1978, China has transitioned from a predominantly agricultural to industrial and service-oriented economy. On 11 December 2001, China also became the 143rd member of the World Trade Organization. The aim of this research is to quantitatively compare the US, EU and Chinese gross domestic product from 1995 to 2014, the US and Chinese outward Foreign direct investments (FDI) from 1995 to 2013, and analyse the impact of the exponentially rising Chinese investments in the EU. We have found that while the US economy experienced a regression in general, and exhibited outward FDI exponential decrease in particular, the Chinese outward FDI sustained an exponential growth. There is also possible to expect continue of exponentially rising economic investment of China in the EU. The Chinese investment in the EU is estimated to peak during the next decade, when China will become by far the foremost economic partner of the EU.

Suggested Citation

  • Daryoush Soleimani & Mansoor Maitah & Karel Malec & Sylvie Kobzev Kot skov, 2016. "Foreign Direct Investments and Gross Domestic Product Development in USA, European Union and China (1995-2014)," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 978-984.
    • Handle: RePEc:eco:journ1:2016-03-21
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    References listed on IDEAS

    as
    1. Ageliki Anagnostou & Dimitris Kallioras & George Petrakos, 2016. "Integrating the Neighbors: A Dynamic Panel Analysis of the EU-ENP Countries’ Trade Relations," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(1), pages 17-42, March.
    2. Fredrik Erixon & Patrick Messerlin, 2009. "Containing Sino‐European Protectionism," Economic Affairs, Wiley Blackwell, vol. 29(1), pages 83-85, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    China; European Union; United States Gross Domestic Product; Foreign Direct Investment;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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