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  • 标题:THE VICIOUS CIRCLE OF FDI AND CONSUMPTION IN ROMANIA
  • 本地全文:下载
  • 作者:Masca Simona-Gabriela Jude Cristina
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:02
  • 出版社:University of Oradea
  • 摘要:Significant inflows of foreign direct investment (FDI) in Romania’s recent years have been accompanied by en excessive enthusiasm, originated in their association with an outstanding economic growth. The aim of this paper is to show the contribution of FDI to an unhealthy economic growth in Romania, due to the vicious circle between FDI and consumption. We found that these two variable self induce themselves. In a paradoxical way, the effects of the world economic crisis will disengage this vicious circle. Macroeconomic policies will have to address (i) the promotion of FDI which finance investment and not consumption, meant to contribute to an increase in aggregate output and to a sustainable economic growth; and (ii)the attraction of FDI inflows to deficient sectors, like industry and agriculture.
  • 关键词:: FDI, consumption, economic growth
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