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- Title
KAUZÁLNĚ VÄZBY MEDZI PRIAMYMI ZAHRANIČÝYMI INVESTÍCIAMI, ZAHRANIČNÝM OBCHODOM A EKONOMICKÝM RASTOM V ESTÓNSKU.
- Authors
Szkorupová, Zuzana
- Abstract
Foreign direct investment (hereinafter FDI) is generally considered to be an instrument how to stimulate economic growth of any country. For this purpose governments of transition countries try to encourage the inflow of foreign direct investment by various measures. There are several theories and approaches to this problem that, on the one hand, support the claims about the positive effects of FDI on the economy but on the other hand, they also counter these arguments. The aim of this paper is to analyse the relation between foreign direct investment, economic growth and export in Estonia. Estimation of effects on economic growth and export was performed in the period from 1997 to 2012. The co-integration method and vector error correction model were applied on quarterly data. The results confirm the existence of long-term relation between the variables analysed. We reveal a negative impact of foreign direct investment and positive impact of gross domestic product on export. Next we reveal a positive impact of foreign direct investment and export on gross domestic product.
- Subjects
FOREIGN investments; ECONOMIC development; ESTONIAN economy, 1991-; EXPORTS; MATHEMATICAL variables; GROSS domestic product
- Publication
Scientific Papers of the University of Pardubice. Series D, Faculty of Economics & Administration, 2014, Vol 21, Issue 30, p139
- ISSN
1211-555X
- Publication type
Article