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FDI Revisited: Empirical Evidence from Transition Economies - Case of Albania

Author

Listed:
  • Constantinos Alexiou

    (Department of Economics, City Liberal Studies (an affiliated institution of the University of Sheffield, Thessaloniki, Greece)

  • Doriana Toro

    (Department of Economics, City Liberal Studies (an affiliated institution of the University of Sheffield, Thessaloniki, Greece)

Abstract

Transition economies in the Central East European (CEE) and South East European (SEE) region have embraced the notion that FDI can act as a catalyst in their effort to reform their economies and as a result policies and measures have been put in place to attract FDI inflows. Indeed, foreign investors started moving capital into the region which caused FDI to increase markedly. The undertaken study draws on the idiosyncratic economic environment of Albania and attempts for the first time to provide empirical evidence on the short as well as the long-run relationship between FDI and a number of factors thought to play an instrumental role in attracting foreign capital.

Suggested Citation

  • Constantinos Alexiou & Doriana Toro, 2006. "FDI Revisited: Empirical Evidence from Transition Economies - Case of Albania," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 9(2), pages 59-94, November.
    • Handle: RePEc:zag:zirebs:v:9:y:2006:i:2:p:59-94
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    Citations

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    Cited by:

    1. Blerta Dragusha (Spahija) & Elez Osmani, 2013. "Attractiveness of foreign investments in Albania: a focused analysis of factors, constrains and policy assessment," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 7, pages 72-83, January.
    2. Maja Kadievska-Vojnovic & Danica Unevska, 2007. "Price and Income Elasticities of Export and Import and Economic Growth in the case of the Republic of Macedonia," Working Papers 2007-01, National Bank of the Republic of North Macedonia.

    More about this item

    Keywords

    Foreign Direct Investment; Albania; ARDL model; Cointegration;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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