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The Influence Of Foreign Direct Investments On Montenegro Payment Balance

Author

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  • Gardasevic, Ana

    (University “Mediterranean”, Podgorica, Montenegro)

Abstract

In this work, with help of econometric analysis we will answer the question to which extent up to date foreign direct investments influenced Montenegro current account. Regression analysis brings to conclusion that if foreign direct investments should increase for 1%, current account deficit will increase for 0.00024% after the first quarter and 0.000227% after the second quarter. More significant effects from the direct foreign investments on Montenegrin payment balance could be seen in some period in future, if it would concentrate on new "more quality" foreign direct investments that would be export oriented. Knowing that foreign direct investments were the main source of funding current account deficit in the previous period, and that absorption possibilities for the inflow of foreign direct investments still exist, it should be continued with attracting the same mentioned, because it can help in the change of production and export structure, because with current level of domestic savings and outside debt it is unimaginable.

Suggested Citation

  • Gardasevic, Ana, 2013. "The Influence Of Foreign Direct Investments On Montenegro Payment Balance," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 4(3), pages 283-294.
    • Handle: RePEc:ris:utmsje:0086
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    File URL: http://utmsjoe.mk/files/Vol.%204%20No.%203/1-4B-Gardasevic_Ana_-_Montenegro.pdf
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    Cited by:

    1. Mario G.R. Pagliacci & Constantin Anghelache & Alexandru Manole & Madalina Gabriela Anghel, 2016. "The Econometric Model for the Economic and Financial Analysis of Romanian International Trade," Romanian Statistical Review, Romanian Statistical Review, vol. 64(3), pages 53-66, September.

    More about this item

    Keywords

    foreign direct investments; greenfield investments; payment balance; regression analysis;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General

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