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The Impact of Foreign Direct Investments and the COVID-19 Pandemic on the Economic Growth in Central and Eastern European Countries

Author

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  • Silvia Alina Arsa

    (West University of Timișoara, Faculty of Economics and Business Administration, Romania)

Abstract

The aim of the article is to analyse the impact of foreign direct investments on GDP growth and the link between the COVID-19 pandemic and the economic growth of Central and Eastern European countries. The study has shown us that there is a positive impact between foreign direct investment inflows and GDP growth, and that variables such as exports, labour productivity and unemployment rate also positively influence the development of the countries under analysis. We used a panel regression model with fixed effects, which showed us the correlation between FDI inflows and GDP growth, from which we can see that the decreases in FDI caused by the pandemic, led to a decrease in the GDP growth rate and thus in the economic development of the Central and Eastern European countries.

Suggested Citation

  • Silvia Alina Arsa, 2024. "The Impact of Foreign Direct Investments and the COVID-19 Pandemic on the Economic Growth in Central and Eastern European Countries," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 575-580, August.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:575-580
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    References listed on IDEAS

    as
    1. Radu CIOBANU & Robert-Aurelian ȘOVA & Adriana Florina POPA, 2020. "The Impact of FDI over Economic Growth and how COVID-19 Crisis Can Impact the CEE Economies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 0(4), pages 64-72, April.
    2. Radu CIOBANU & Robert-Aurelian ȘOVA & Adriana Florina POPA, 2020. "The Impact of FDI over Economic Growth and how COVID-19 Crisis Can Impact the CEE Economies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 1(4), pages 64-72, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    FDI; COVID-19; CEE Economies; GDP;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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