AN ORIGINAL ECONOMETRIC MODEL OF FDI IN ROMANIA
Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 3
Abstract
The central theme of this paper is, as the title itself shows, the econometric modelling of Foreign Direct Investments (FDI), based on the concept Euromoney’ s country risk rating. This article contains three sections, the first part or the introduction is an approach of investment risk and, in particular, introduces a new element in modelling investment, namely country risk rating. Thus, a bridge is created towards the second section, which essentially deals with the econometric modelling of foreign direct investment (FDI) in Romania, after 1996, based on Euromoney’ s data (ECR). The originality of this paper is underlined by the presence of a final model which includes, as an exogenous variable, country risk rating in assessing the FDI share of GDP as an endogenous variable. A final remark comments, from an economic perspective, the results of the econometric modelling.
Authors and Affiliations
Gheorghe SĂVOIU, Suzana POPA
Keywords
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