Original scientific paper
FDI Revisited: Empirical Evidence from Transition Economies Case of Albania
Constantinos Alexiou
; Department of Economics, City Liberal Studies (an affiliated institution of the University of Sheffield), Thessaloniki, Greece
Doriana T oro
; Department of Economics, City Liberal Studies (an affiliated institution of the University of Sheffield), Thessaloniki, Greece
Abstract
Transition economies in the Central East European (CEE) and South East European (SEE) region have embraced the notion that FDI can act as a catalyst in their effort to reform their economies and as a result policies and measures have been put in place to attract FDI inflows. Indeed, foreign investors started moving capital into the region which caused FDI to increase markedly. The undertaken study draws on the idiosyncratic economic environment of Albania and attempts for the first time to provide empirical evidence on the short as well as the long-run relationship between FDI and a number of factors thought to play an instrumental role in attracting foreign capital.
Keywords
Foreign Direct Investment; Albania; ARDL model; Cointegration
Hrčak ID:
78577
URI
Publication date:
1.11.2006.
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