THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH THE CASE STUDY OF THE REPUBLIC OF MACEDONIA
Journal Title: Knowledge International Journal - Year 2018, Vol 26, Issue 1
Abstract
The inflow of foreign direct investment (FDI) is considered to be the main driving force of transition countries and an important driver of growth and technology transfer. Given that foreign firms are setting up product lines in host countries, increased investment, employment and exports from these firms help boost economic growth. Indirectly, foreign firms could also contribute to improving productivity through the transfer of new technologies, professional management, skills training and good practices. The Republic of Macedonia is a country in transition and is still facing economic reforms and therefore it is considered that FDI is one of the relevant factors that influence the acceleration of the economic growth process. Taking into account the fact that FDIs have an important role for the Republic of Macedonia, this paper presents the influence of foreign direct investment on economic growth in the period from 1994 to 2016.
Authors and Affiliations
Kostadinka Panova, Emilija Miteva-Kacarski, Vlatko Paceskoki
Keywords
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