摘要:This research paper will explain the impact and relationship
between the Foreign Direct Investment (FDI) and economic
growth, Kosovo case. The used data in research are secondary
data and cover a period of time between 2008 and 2013. By
using STATA program for calculation and by various
regression analyses (descriptive statistics, linear regression and
correlation) relationships have been identified between
involved variables in research, where economic growth is
defined as dependent variable, whereas FDI, interest rate and
real effective and exchange rate (REER) are defined as
independent variables. The main results in this research paper
indicate that FDI has a positive relation (0.011) but nonsignificant effect (T<2) on economic growth while the interest
rate has a positive relation (0.076) and a significant effect (T>2)
on economic growth in Kosovo. The real effective exchange
rate has a negative (-0.347) and non-significant relation (T<2)
with economic growth. The main activities of FDI in overall
Kosovo's economy are: real estate, transport and
telecommunication, financial and manufacture services,
construction, etc. The main conclusion is that the Kosovo
institutions should create a favorable environment, such as:
political stability, enforcement of justice, reduction of trade
barriers, Kosovo should also create appropriate policy for
protection of foreign investors, investment security, fair competition and institutional support. This will impact the drastic
improvement and increase of FDI. In 2013 Kosovo had an FDI percentage
of 5% of GDP while in 2007 it was over 13% of Kosovo's GDP.
其他摘要:This research paper will explain the impact and relationship between the Foreign Direct Investment (FDI) and economic growth, Kosovo case. The used data in research are secondary data and cover a period of time between 2008 and 2013. By using STATA program for calculation and by various regression analyses (descriptive statistics, linear regression and correlation) relationships have been identified between involved variables in research, where economic growth is defined as dependent variable, whereas FDI, interest rate and real effective and exchange rate (REER) are defined as independent variables. The main results in this research paper indicate that FDI has a positive relation (0.011) but non-significant effect (T<2) on economic growth while the interest rate has a positive relation (0.076) and a significant effect (T>2) on economic growth in Kosovo. The real effective exchange rate has a negative (-0.347) and non-significant relation (T<2) with economic growth. The main activities of FDI in overall Kosovo's economy are: real estate, transport and telecommunication, financial and manufacture services, construction, etc. The main conclusion is that the Kosovo institutions should create a favorable environment, such as: political stability, enforcement of justice, reduction of trade barriers, Kosovo should also create appropriate policy for protection of foreign investors, investment security, fair competition and institutional support. This will impact the drastic improvement and increase of FDI. In 2013 Kosovo had an FDI percentage of 5% of GDP while in 2007 it was over 13% of Kosovo's GDP.
关键词:Foreign Direct Investments; Economic Growth; Kosovo; Correlation; Inflation Rate; OLS method; REER; STATA analysis;
其他关键词:Foreign Direct Investments;Economic Growth;Kosovo;Correlation;Inflation Rate;OLS method;REER;STATA analysis