Izvorni znanstveni članak
https://doi.org/10.18045/zbefri.2016.1.63
Trade and foreign direct investment: Evidence from South East European countries and new European Union member states
Bardhyl Dauti
orcid.org/0000-0001-8372-9443
; Fakulteti i Ekonomisë, Universiteti i Tetovës, Tetovë, Maqedoni
Sažetak
The goal of this research is to provide an empirical assessment of the
complementarity or substituting relationship between Trade and FDI in a link to
country characteristics, using bilateral level data between FDI and trade for the
period 1994 – 2010. In the research, an augmented gravity model has been used to
test the relationship between Trade (both export and import), FDI stock and
country characteristics between OECD-20 countries and SEE-5 and EU-NMS-10
countries. The empirical model considers how the relationship between FDI and
Trade determine whether type of FDI into SEE-5 and EU-NMS-10 from core
OECD-20 countries, is vertical or horizontal. With regard to the relationship
between exports and FDI, the findings of the research showed mixed evidence, thus
supporting vertical FDI for EU-NMS-10 countries, and horizontal FDI for SEE-5
countries. On the other hand, based on the relationship between imports and FDI,
the results of the research supported vertical FDI for both EU-NMS-10 and SEE-5
group of countries. The basic conclusion is that the research provides an empirical
evidence on the mixed nature of FDI into the host SEE-5 and EU-NMS-10
countries, supporting both complementary and substituting relationship between
trade and FDI in the host countries.
Ključne riječi
Foreign direct investment; trade; complements; substitutes; gravity model
Hrčak ID:
160737
URI
Datum izdavanja:
27.6.2016.
Posjeta: 2.574 *