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Does inward foreign direct investment influence macroeconomic performance? A case of Slovakia

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  • Aneta Bobeni? Hinto?ová

    (Faculty of Business Economics in Ko?ice, University of Economics in Bratislava)

Abstract

Foreign direct investments (FDI) are generally considered as key drivers of economic development of the country. However, studies confirming significant effects of inward FDI on macroeconomic performance especially in conditions of the Central European countries are rather scare. The present paper investigates effects of different types of inward FDI, namely cross-border mergers and acquisitions and greenfield investment projects on the macroeconomic performance measured by GDP per capita in conditions of Slovakia. The results of regression analysis for the period of 2003-2018 show rather negative impact of greenfield investments allocated in Slovakia as well as cross border sales of local companies on the level of GDP per capita of the host country.

Suggested Citation

  • Aneta Bobeni? Hinto?ová, 2019. "Does inward foreign direct investment influence macroeconomic performance? A case of Slovakia," Proceedings of International Academic Conferences 9811998, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:9811998
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    More about this item

    Keywords

    foreign direct investment; macroeconomic performance; mergers and acquisitions; greenfield projects;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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