Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.12188/2920
Title: “Determinants of foreign direct investment in southeast European countries”
Authors: Trpkova nestorovska, Marija 
Tashevska, Biljana 
Keywords: foreign direct investments, panel regression with fixed effects, unit root test, southeast European countries.
Issue Date: 2009
Publisher: Faculty of Economics-Skopje
Source: Trpkova, M. Tashevska, B. 2009 "Determinants of foreign direct investment in southeast European countries” – Conference proceedings from the third international conference: Regional cooperation and economic integration – challenges and opportunities, Faculty of Economics – Skopje in cooperation with Customs administration of Republic of Macedonia, Skopje, 2009, pages 287 – 300.
Conference: Third international conference: Regional cooperation and economic integration – challenges and opportunities
Abstract: The ability to attract international capital can offer large potential benefits for developing countries. The objective of this paper is to reveal the main determinants of foreign direct investments in southeast European countries (SEEC). We perform an econometric model based on a panel data analysis for 8 countries with similar economic, political and cultural surroundings: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania and Serbia. The observation period is 1995 – 2008. Unit root tests have been applied for all 32 variables included in the model. Some of the variables have been differenced in order to become stationary, which improves the econometric model. Empirical results indicate that business freedom, fiscal freedom, GDP growth rate, population, exchange rate, current account as a percentage of GDP and property rights are factors on which Southeastern European countries’ policy makers should focus when seeking to attract foreign direct investment.
URI: http://hdl.handle.net/20.500.12188/2920
Appears in Collections:Faculty of Economics 02: Conference papers / Трудови од научни конференции

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