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Internationalization and Economic Growth in the New Member States of the European Union

In: Ekonomický časopis/Journal of Economics, vol. 60, no. 4
Ina Lejko - Štefan Bojnec
Detaily:
Rok, strany: 2012, 335 - 348
Kľúčové slová:
economic growth, economic internationalization, foreign direct investment, new member states, trade JEL Classification: F43, F21, C23, O52
Typ článku: Vedecký článok / Article
Full text
O článku:
The paper analyses the internationalization of the economies in ten new member states (NMS-10) of the European Union (EU) using panel data for the period 2000 – 2008 in a regression framework analysis. The degree of internationalization is measured by foreign direct investment (FDI) and trade openness. The focus is on the association between FDI and economic growth. We have confirmed moderate positive effect of inward FDI on growth of gross domestic product (GDP), but not for outward FDI and trade openness. Investment to GDP ratio and employment growth are positively associated with economic growth, and vice versa rate of inflation and government final consumption expenditure as a percentage of GDP.
The paper analyses the internationalization of the economies in ten new member states (NMS-10) of the European Union (EU) using panel data for the period 2000 – 2008 in a regression framework analysis. The degree of internationalization is measured by foreign direct investment (FDI) and trade openness. The focus is on the association between FDI and economic growth. We have confirmed moderate positive effect of inward FDI on growth of gross domestic product (GDP), but not for outward FDI and trade openness. Investment to GDP ratio and employment growth are positively associated with economic growth, and vice versa rate of inflation and government final consumption expenditure as a percentage of GDP.
Ako citovať:
ISO 690:
Lejko, I., Bojnec, Š. 2012. Internationalization and Economic Growth in the New Member States of the European Union. In Ekonomický časopis/Journal of Economics, vol. 60, no.4, pp. 335-348. 0013-3035.

APA:
Lejko, I., Bojnec, Š. (2012). Internationalization and Economic Growth in the New Member States of the European Union. Ekonomický časopis/Journal of Economics, 60(4), 335-348. 0013-3035.