DIRECT FOREIGN INVESTMENTS AND THE LACK OF POSITIVE EFFECTS ON THE ECONOMY
Journal Title: UTMS Journal of Economics - Year 2015, Vol 6, Issue 2
Abstract
In recent years, Croatia was interesting to investors in attracting foreign direct investment. One of the objectives of this research was to deal with their negative effects. Most of invested capital was invested in brownfield investments, i.e. in taking over the ownership share of companies through privatization. Consequently, revenues were spent to settle financial debts and not on the growth and development of competitiveness. According to economic theory, foreign direct investments have a positive impact on the economic growth of the recipient country. This paper attempts to answer the question: ‘Is the economic theory confirmed in the Croatian case?’ The aim is to analyse the impact of foreign direct investments on the economic growth of Croatia in the period from 1999 to 2014. The paper analyses the impact that direct foreign investments had on the unemployment rate, GDP per capita and export using the model of linear regression.
Authors and Affiliations
Suzana DJORDJEVIC, Zoran Ivanovic, Sinisa Bogdan
Keywords
Related Articles
- EP ID EP274245
- DOI -
- Views 105
- Downloads 0
APPLICATION OF DIVIDEND DISCOUNT MODEL VALUATION AT MACEDONIAN STOCK-EXCHANGE
Dividend discount model (DDM) is the simplest model for valuing equities in finance. Many analysts belived that DDM is outmoded, but much of the intuition that drives Discounted Cash Flow (DCF) valuation is embedded in t...
SUSTAINABLE EVENT TOURISM: CASE STUDY CITY OF PULA, CROATIA
Modern tourism expands through cultural experience, which is reflected in economic, ecological and sociocultural effects on destinations. Event tourism is a growing market segment and represents a challenge for all desti...
MANAGEMENT BY OBJECTIVES: MANAGEMENT PHILOSOPHY FOR PROSPEROUS TOURISM ORGANIZATIONS
In the last fifty years since the term Management by Objectives (MBO) was introduced, numerous methods, models and theories surfaced. The first segment of the paper addresses issues regarding the organizational objective...
POSSIBILITIES OF FINANCIAL SUPPORT TO SMALL AND MEDIUM HOTEL COMPANIES IN SERBIA
Small and medium hotel companies in the majority of developed tourist countries have dominant role in hotel industry. The same situation is with Serbia. An important precondition for successful business of a hotel is acc...
MACEDONIAN TOURIST PRODUCT: CURRENT STATUS AND PERSPECTIVES
The main aim of this paper is about Macedonian tourist offer. Many countries have developed their own tourist product in direction to attract more tourist in destination. They work intensively to rebuild attractive facto...