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

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  • 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
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    File URL: https://mpra.ub.uni-muenchen.de/51657/7/Paper_FDI_in_Albania.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Bouoiyour, Jamal, 2007. "The determining factors of foreign direct investment in Morocco," MPRA Paper 37326, University Library of Munich, Germany.
    3. 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.
    4. Kronthaler, Franz, 2007. "Effectiveness of Competition Law: A Panel Data Analysis," IWH Discussion Papers 7/2007, Halle Institute for Economic Research (IWH).
    5. Maria Vagliasindi, 2001. "Competition Policy Across Transition Economies," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 215-250.
    6. Estrin, Saul & Bevan, Alan, 2000. "The Determinants of Foreign Direct Investment in Transition Economies," CEPR Discussion Papers 2638, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

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    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

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