IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/51657.html
   My bibliography  Save this paper

Foreign Direct Investments in Albanian Market as part of Global Market and Globalization

Author

Listed:
  • Kodhelaj, Mimoza
  • Molla, Jonida

Abstract

“People are worried about the unknown. They are worried about things that they are unwilling to invest some time in and learn about. I don't think most of these people are going to be automated out of existence1.” Michael Bloomberg Mayor of New York City Taking inspiration from the above quotation, through this paper we will present the changes occurring in Albania’s transitive economy which aims to become more prominent in the regional and even global economy. As two young researchers, we are aware of our limited abilities to change the actual economic situation in Albania. However, our research is an indicator not only of our motivation towards understanding and promoting economic development in our country, but also of the overall potential Albania has to realize in order to fully integrate in the global markets. This paper will attempt to provide answers to the following issues: - Effects of globalization on Albanian economy - Foreign investments in an emerging market such as that of Albania and reasons why foreign investors should invest in Albania - Constraints with a negative impact on investment in Albania - Macroeconomic factors determining FDI in Albania - Benchmarks of Albanian economy and FDI on a regional level - Competitive approaches of Albanian Market The methodology that we will use in the content of this paper will include qualitative economic analyses, comparative analyses and quantitative data. We will attempt to build up an econometric model identifying the main macroeconomic factors that determine FDI in Albania. At the end, we will present our main findings, conclusions, and recommendations.

Suggested Citation

  • Kodhelaj, Mimoza & Molla, Jonida, 2010. "Foreign Direct Investments in Albanian Market as part of Global Market and Globalization," MPRA Paper 51657, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51657
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/51657/7/Paper_FDI_in_Albania.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. bouoiyour, jamal, 2007. "The Determining factors of foreign firect investment in Morocco," MPRA Paper 37030, University Library of Munich, Germany.
    2. Maria Vagliasindi, 2001. "Competition Policy Across Transition Economies," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 215-250.
    3. Baier, Scott L. & Bergstrand, Jeffrey H., 2007. "Do free trade agreements actually increase members' international trade?," Journal of International Economics, Elsevier, vol. 71(1), pages 72-95, March.
    4. Estrin, Saul & Bevan, Alan, 2000. "The Determinants of Foreign Direct Investment in Transition Economies," CEPR Discussion Papers 2638, C.E.P.R. Discussion Papers.
    5. Alan A. Bevan & Saul Estrin, 2000. "The Determinants of Foreign Direct Investment in Transition Economies," William Davidson Institute Working Papers Series 342, William Davidson Institute at the University of Michigan.
    6. Kronthaler, Franz, 2007. "Effectiveness of Competition Law: A Panel Data Analysis," IWH Discussion Papers 7/2007, Halle Institute for Economic Research (IWH).
    Full references (including those not matched with items on IDEAS)

    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. Matija Rejec & Slavica Penev, 2011. "Attractiveness of Western Balkan Countries for FDI," Book Chapters, in: Mirjana Radovic Markovic & Srdjan Redzepagic & João Sousa Andrade & Paulino Teixeira (ed.), Serbia and the European Union: Economic Lessons from the New Member States, edition 1, volume 1, chapter 2, pages 27-46, Institute of Economic Sciences.
    2. Dašić Miloš, 2022. "Political Risk and Quality of Governance as Determinants of Foreign Direct Investments in the Transition Countries," Economic Themes, Sciendo, vol. 60(3), pages 343-367, September.
    3. Valentin Goev & Vesselin Mintchev & Tsvetomira Tsenova-Knudsen & Venelin Boshnakov, 2002. "Determinants of European Union Enterprises Relocation in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 56-72.
    4. Miroslav Mateev & Iliya Tsekov, 2014. "Are there any top FDI performers among EU-15 and CEE countries? A comparative panel data analysis," Financial Theory and Practice, Institute of Public Finance, vol. 38(3), pages 337-374.
    5. Lapo, Valentina, 2010. "Spatial concentration of production and investor expectations: the analysis of branch attraction of investments into regions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 18(2), pages 3-19.
    6. Polemis, Michael L. & Fafaliou, Irene, 2015. "Electricity regulation and FDIs spillovers in the OECD: A panel data econometric approach," The Journal of Economic Asymmetries, Elsevier, vol. 12(2), pages 110-123.
    7. Frenkel, Michael & Funke, Katja & Stadtmann, Georg, 2004. "A panel analysis of bilateral FDI flows to emerging economies," Economic Systems, Elsevier, vol. 28(3), pages 281-300, September.
    8. Aikaterini Kokkinou & Yannis Psycharis, 2005. "Foreign Direct Investment and Regional Attractiveness in Southeastern European countries," ERSA conference papers ersa05p382, European Regional Science Association.
    9. Steven Globerman & Daniel Shapiro, 2003. "Governance infrastructure and US foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(1), pages 19-39, January.
    10. Disdier, Anne-Celia & Mayer, Thierry, 2004. "How different is Eastern Europe? Structure and determinants of location choices by French firms in Eastern and Western Europe," Journal of Comparative Economics, Elsevier, vol. 32(2), pages 280-296, June.
    11. Guntram Wolff, 2007. "Foreign Direct Investment in the Enlarged EU: Do Taxes Matter and to What Extent?," Open Economies Review, Springer, vol. 18(3), pages 327-346, July.
    12. Dupuch, Sébastien & Milan, Christelle, 2005. "Les déterminants des investissements directs européens dans les pays d’Europe Centrale et Orientale," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(3), pages 521-534, Septembre.
    13. Klaus Friesenbichler & Michael Böheim & Daphne Channa Laster, 2014. "Market Competition in Transition Economies: A Literature Review," WIFO Working Papers 477, WIFO.
    14. Sokol Krasniqi & Ismail Mehmeti, 2021. "Role of foreign direct investment in banking sector and their impact on employment: Kosovo case," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 3(1), pages 50-58, January.
    15. Adeel Ahmad DAR & Taj MUHAMMAD & M. Wasif SIDDIQI, 2020. "Bureaucratic Quality and FDI Inflows Nexus: A South Asian Perspective," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 149-168, September.
    16. Carstensen, Kai & Toubal, Farid, 2004. "Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 3-22, March.
    17. Altuzarra Amaia, 2010. "Convergence in the Innovative Performance of the European Union Countries," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 17(1), pages 22-38, May.
    18. Dunning, John H., 2004. "The contribution of British scholarship to international business studies," International Business Review, Elsevier, vol. 13(2), pages 257-279, April.
    19. Nauro F. Campos & Yuko Kinoshita, 2002. "Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies," Manchester School, University of Manchester, vol. 70(3), pages 398-419, June.
    20. Lapo Valentina, 2003. "Spatial distribution of investment in Russia: the effect of agglomeration," EERC Working Paper Series 01-087e, EERC Research Network, Russia and CIS.

    More about this item

    Keywords

    FDI; Albania; Globalization; Macroeconomic Factors determining FDI;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

    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:pra:mprapa:51657. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.