hrcak mascot   Srce   HID

Izvorni znanstveni članak
https://doi.org/10.3326/pse.41.4.2

The effects of intercompany lending on the current account balances of selected economies in the Western Balkans

Ivana Đurović   ORCID icon orcid.org/0000-0001-7294-3022 ; Central European University, Department of Economics, Budapest, Hungary

Puni tekst: engleski, pdf (583 KB) str. 421-441 preuzimanja: 110* citiraj
APA 6th Edition
Đurović, I. (2017). The effects of intercompany lending on the current account balances of selected economies in the Western Balkans. Public Sector Economics, 41 (4), 421-441. https://doi.org/10.3326/pse.41.4.2
MLA 8th Edition
Đurović, Ivana. "The effects of intercompany lending on the current account balances of selected economies in the Western Balkans." Public Sector Economics, vol. 41, br. 4, 2017, str. 421-441. https://doi.org/10.3326/pse.41.4.2. Citirano 22.11.2019.
Chicago 17th Edition
Đurović, Ivana. "The effects of intercompany lending on the current account balances of selected economies in the Western Balkans." Public Sector Economics 41, br. 4 (2017): 421-441. https://doi.org/10.3326/pse.41.4.2
Harvard
Đurović, I. (2017). 'The effects of intercompany lending on the current account balances of selected economies in the Western Balkans', Public Sector Economics, 41(4), str. 421-441. https://doi.org/10.3326/pse.41.4.2
Vancouver
Đurović I. The effects of intercompany lending on the current account balances of selected economies in the Western Balkans. Public Sector Economics [Internet]. 2017 [pristupljeno 22.11.2019.];41(4):421-441. https://doi.org/10.3326/pse.41.4.2
IEEE
I. Đurović, "The effects of intercompany lending on the current account balances of selected economies in the Western Balkans", Public Sector Economics, vol.41, br. 4, str. 421-441, 2017. [Online]. https://doi.org/10.3326/pse.41.4.2

Sažetak
This paper quantifies the effect of intercompany lending on the current account balances in the economies that previously made up the Socialist Federative Republic of Yugoslavia. This kind of transaction is a controversial part of the foreign direct investments, often criticised for its indebting nature and its involvement in tax evasion strategies. However, the data shows that in the post-crisis period it was the driving force of foreign capital inflow and investments in the region. For this study, a novel model averaging approach was employed, as it allows cross-country and country-specific analysis, and provides a sound basis for future policymaking. Additionally, as a way to overcome the limited dana availability problem, and provide an additional robustness check, panel regression fixed effects for 17 CESEE economies was done. The results of both models are significant and indicate the stabilising effect of the observed transaction as it provided a steady inflow of funds.

Ključne riječi
intercompany lending; foreign direct investment; Jackknife model averaging

Hrčak ID: 190403

URI
https://hrcak.srce.hr/190403

Posjeta: 161 *