IDEAS home Printed from https://ideas.repec.org/a/ers/ijebaa/vvy2017i3p81-93.html
   My bibliography  Save this article

FDI Attraction: Comparative Analysis of the Baltic States and Georgia

Author

Listed:
  • Tatiana Papiashvili
  • Svetlana Saksonova
  • Ramona Rupeika-Apoga

Abstract

The attraction of foreign direct investment (FDI) is usually an economic policy priority due to its positive effects on economic growth because of new capital and technology, higher employment, new management practices, improvements in the quality of services, as well as innovation and lower production costs.This paper aims to assess the investment climate in the Baltic states and Georgia and evaluate what are the appropriate FDI policy objectives and approaches there. It considers three international indices as measures of investment climate: Index of Economic Freedom, Corruption Perceptions Index, and Ease of Doing Business Index.The results suggest that all three international indices are useful in assessing investment liberalization, promotion and facilitation. This paper argues that FDI policy needs to consider country-specific characteristics: for countries above a certain threshold FDI attraction depends mostly on macroeconomic and external factors, while other countries need to focus on specific reforms to improve investment climate.

Suggested Citation

  • Tatiana Papiashvili & Svetlana Saksonova & Ramona Rupeika-Apoga, 2017. "FDI Attraction: Comparative Analysis of the Baltic States and Georgia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 81-93.
    • Handle: RePEc:ers:ijebaa:v:v:y:2017:i:3:p:81-93
    as

    Download full text from publisher

    File URL: http://ijeba.com/dmdocuments/2017/2017_V_3_7.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pavel Vavra & Barry K. Goodwin, 2005. "Analysis of Price Transmission Along the Food Chain," OECD Food, Agriculture and Fisheries Papers 3, OECD Publishing.
    2. Kariuki, Maina B. Joel, 2011. "Analysis Of Market Performance: A Case Of ‘Omena’ Fish In Selected Outlets In Kenya," Research Theses 117805, Collaborative Masters Program in Agricultural and Applied Economics.
    3. Jochen Meyer & Stephan von Cramon‐Taubadel, 2004. "Asymmetric Price Transmission: A Survey," Journal of Agricultural Economics, Wiley Blackwell, vol. 55(3), pages 581-611, November.
    4. E.G. Kovalenko & O.Y. Yakimova & E.V. Avtaykina & O.O. Zaytseva, 2016. "Problems and Mechanisms of Sustainable Development of Rural Areas (at the example of the Republic of Mordovia)," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 110-122.
    5. Pavla Breckova, 2016. "SMEs Export Activities in the Czech Republic and Export Risk Insuring," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 84-92.
    6. Heytens, Paul J., 1986. "Testing Market Integration," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 20(1), pages 1-18.
    7. Wani, M.H. & Paul, Ranjit Kumar & Bazaz, Naseer H. & Manzoor, M., 2015. "Market integration and Price Forecasting of Apple in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 70(2), pages 1-13.
    8. V.A. Bondarenko & T.V. Parkhomenko & T.B. Erokhina & N.V. Guzenko, 2017. "Marketing and Logistic Instrumentarium of Activation of Inter-Country Cooperation of Russia and Solving the Issue of Import Substitution," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 105-116.
    9. Chizari, Amir Hossein & Sani, Masoud Fehresti & Kalashami, Mohammad Kavoosi, 2013. "Investigating Market Integration and Price Transmission of Different Rice Qualities in Iran," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 3(4), pages 1-7, December.
    10. Eric Monke & Todd Petzel, 1984. "Market Integration: An Application to International Trade in Cotton," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(4), pages 481-487.
    11. Mahamane Maliki Amadou & Issa Sanogo, 2010. "Rice market integration and food security in Nepal: The role of cross-border trade with India," Post-Print halshs-00518371, HAL.
    12. Sanogo, Issa & Maliki Amadou, Mahamane, 2010. "Rice market integration and food security in Nepal: The role of cross-border trade with India," Food Policy, Elsevier, vol. 35(4), pages 312-322, August.
    13. Mohamad Adam & Taufiq Marwa & Azwardi & K.M. Husni Thamrin & Abdul Bashir, 2017. "Analysis of Rice Distribution in South Sumatera, Indonesia," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 166-171.
    14. Tatiana Epifanova & Nikolay Romanenko & Tatiana Mosienko & Tatyana Skvortsova & Alexandr Kupchinskiy, 2015. "Modernization of Institutional Environment of Entrepreneurship in Russia for Development of Innovation Initiative in Small Business Structures," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 137-148.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. SELAKOVIĆ Marko, 2022. "Fake News and Foreign Direct Investment Inflows: Is there a Relationship?," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    2. Egorov M.V. & Kiyanova A.S. & Egorova E.M. & Egorova L.I., 2018. "Foreign Direct Investment in Intangible Assets of Tourism and Recreational Companies," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 903-913.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Taufiq Marwa & Abdul Bashir & Azwardi & Mohamad Adam & K.M.H. Thamrin, 2017. "Market Integration of Agricultural Products," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 69-82.
    2. repec:ers:ijebaa:v:v:y:2017:i:1:p:69-82 is not listed on IDEAS
    3. repec:ers:journl:v:v:y:2017:i:2:p:69-82 is not listed on IDEAS
    4. Mohammad J Alam & Raghbendra Jha, 2016. "Asymmetric threshold vertical price transmission in wheat and flour markets in Dhaka (Bangladesh): seemingly unrelated regression analysis," ASARC Working Papers 2016-03, The Australian National University, Australia South Asia Research Centre.
    5. Bairagi, S. & Mohanty, S., 2018. "Analysis of Price Transmission along the Cambodian Rice Value Chain," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277022, International Association of Agricultural Economists.
    6. Nina Vladimirovna Kuznetsova & Oksana Nikolaevna Sinitsina & Vasilya Minsalihovna Gafurova & Maria Vladimirovna Pavluhina & Tatyana Vladimirovna Salyaeva & Evgeniya Aleksandrovna Puzankova, 2017. "Motivation as Factor of Improving Efficiency of Trade Company Operations," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 319-337.
    7. Jaramillo-Villanueva, J.L. & Sarker, R. & Cabas-Monje, J. & Portilla-Duran, L., 2018. "Vertical and Spatial Price Transmissi n in the Mexican and International Milk Market," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277283, International Association of Agricultural Economists.
    8. Irz, Xavier & Mazzocchi, Mario & Réquillart, Vincent & Soler, Louis-Georges, 2015. "Research in Food Economics: past trends and new challenges," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 187-237, March.
    9. Alam, Mohammad Jahangir & Begum, Ismat Ara, 2012. "World and Bangladesh Rice Market Integration: An Application of Threshold Cointegration and Threshold Vector Error Correction Model (TVECM)," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 135119, Agricultural Economics Society.
    10. Sassi, Maria & Mamo, Yonas Abera, 2019. "Vertical price transmission in the white teff market in Ethiopia," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 58(2), March.
    11. Almas Kuralbayev & Nurjan Abishov & Aizhan Abishova & Gulnara Urazbayeva, 2017. "The Measurement of the Spiritual Tourism in Regions of South Kazakhstan," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 115-133.
    12. Maurizio Aragrande & Mauro Bruni & Alberico Loi & Roberto Esposti, 2017. "The effect of EU 2006 sugar regime reform on vertical price transmission," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 5(1), pages 1-20, December.
    13. Pratap Kumar JENA, 2016. "Commodity market integration and price transmission: Empirical evidence from India," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(608), A), pages 283-306, Autumn.
    14. Rachel Rose & Dimitrios Paparas, 2023. "Price Transmission: The Case of the UK Dairy Market," Commodities, MDPI, vol. 2(1), pages 1-21, March.
    15. Pratap Kumar JENA, 2016. "Commodity market integration and price transmission: Empirical evidence from India," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(608), A), pages 283-306, Autumn.
    16. Fousekis, Panos & Katrakilidis, Constantinos & Trachanas, Emmanouil, 2016. "Vertical price transmission in the US beef sector: Evidence from the nonlinear ARDL model," Economic Modelling, Elsevier, vol. 52(PB), pages 499-506.
    17. Jensen, Jørgen Dejgård & Smed, Sinne, 2013. "The Danish tax on saturated fat – Short run effects on consumption, substitution patterns and consumer prices of fats," Food Policy, Elsevier, vol. 42(C), pages 18-31.
    18. Beatriz Velázquez & Bruno Buffaria, 2017. "About farmers’ bargaining power within the new CAP," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 5(1), pages 1-13, December.
    19. F. T. M. Kilima, 2006. "Are Price Changes in the World Market Transmitted to Markets in Less Developed Countries? A Case Study of Sugar, Cotton, Wheat, and Rice in Tanzania," The Institute for International Integration Studies Discussion Paper Series iiisdp160, IIIS.
    20. Djuric, Ivan & Gotz, Linde & Glauben, Thomas, 2012. "Vertical Price Transmission in Serbian Wheat-to-Bread Supply Chain during the Global Commodity Price Peaks 2007/2008 and 2010/2011," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126775, International Association of Agricultural Economists.
    21. Zhige Wu & Alex Maynard & Alfons Weersink & Getu Hailu, 2018. "Asymmetric spot‐futures price adjustments in grain markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 38(12), pages 1549-1564, December.
    22. Janelle Mann & Derek Brewin, 2021. "Investigating the Impact of Trade Disruptions on Price Transmission in Commodity Markets: An Application of Threshold Cointegration," JRFM, MDPI, vol. 14(9), pages 1-7, September.

    More about this item

    Keywords

    Foreign direct investment; Baltic states; Georgia; investment climate;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:ijebaa:v:v:y:2017:i:3:p:81-93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ijeba.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.