Theoretical and Applied Economics
No. 2 / 2017 (611), Summer
The relation between foreign direct investments and some economic indicators. The case of Romanian economy
Petroleum-Gas University of Ploiesti, Romania
Cătălin VOICA
Petroleum-Gas University of Ploiesti, Romania
Abstract. Foreign direct investments (FDI) are a force that shapes the world economy. Stocks and flows of FDI (inward and outward) are indicators followed with great attention by national and international entities and they are correlated with other macroeconomic indicators to detect trends at regional, national and international levels and to determine the degree of development of a country. The dramatically changes that occurred in world economy in the last 30 years have generated major changes on the motivations of foreign investors, the emergence of new types of economic agents that generate foreign direct investments and new international regulations regarding FDI. In this article, the authors analyzed the relations between FDI, import, export and GDP for Romania economy for the period 1990-2014. The research methodology applied is based on the Augmented Dickey-Fuller statistic test and the Granger causality test, the datasets for the variables included in the study have been drawn from official data sources, the UNCTAD database and the National Statistics Institute of Romania’s database (TEMPO). To present their results, the authors have used graphical and table-based instruments, which provides better understanding of the research outputs. Also, the study is placed within the context and historical landmarks of the Romanian economy, the results and conclusions emphasize the effects of certain actions and events on the indicators and correlations analyzed.
Contents
The role of fiscal policy in the financial crisis. Challenges and solutions
Using the input-output model in macroeconomic analysis and forecasting studies
Panel causality analysis between exchange rates and stock indexes for fragile five
Modeling of stock indices with HMM-SV models
The impact of private sector credit on income inequalities in European Union (15 member states)
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis
The main correlations between the monetary-banking indicators
Impact of governance on budget deficit in developing countries
Private equity market developments in central and Eastern Europe
Public-Private Partnerships for clean energy investment in developing and emerging economies: Allocating risks and sharing rewards
Science is measurement, yet not all sciences can be evaluated using the same measurement
The effects of real exchange rates and income on the trade balance: A second generation panel data analysis for transition economies and Turkey
Child policy changes and estimation of income distribution effects
An enquiry into the dynamics of real oil prices: A state space approach
Wage inequalities in Romania under successive adjustments in minimum wage levels
An examination of bilateral J-curve: Evidence from Turkey and her 20 major trading partners
Do military expenditures converge in NATO countries? Linear and nonlinear unit root test evidence
Impact of GDP and tax revenue on health care financing: An empirical investigation from Indian states
The relation between foreign direct investments and some economic indicators. The case of Romanian economy
Economic freedom and foreign direct investment in South Asian countries
New software for identification and evaluation of environmental and waste management in the companies
An analysis of the effect of monetary policy changes on macroeconomic factors
The costs of Brexit for UK economy