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dc.creatorMalović, Marko
dc.creatorOzer, Mustafa
dc.creatorZdravković, Aleksandar
dc.date.accessioned2023-04-07T14:22:44Z
dc.date.available2023-04-07T14:22:44Z
dc.date.issued2019
dc.identifier.issn1944-8953
dc.identifier.urihttps://redun.educons.edu.rs/handle/123456789/392
dc.description.abstractOne of the key characteristics of the world economy in the last few decades has been the rise of foreign direct investments (FDI), which represent the major and most desirable form of capital flows from developed to developing and transition countries. The aim of this paper is to investigate specificities of FDI inflow to six small open transition economies of the western Balkans over the 2004-2014 period. Formal econometric tests carried out in the paper imply that-contrary to widespread ideology-FDI inflows exhibit at best no impact whatsoever or indeed a statistically significant negative impact on both GDP and GNP (cumulative) growth rates in the western Balkans. After exploring stylized facts and contrasting them with theoretical predictions, the article goes on to debunk several misconceptions in regard to motives, modes of operation and economic effects of FDI confronted with inconsistent, partial or outright detrimental government policies. The authors therefore call for a considerably different attitude towards FDI and the growth-generating concept in the Balkans.en
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, ABINGDON
dc.relationinfo:eu-repo/grantAgreement/MESTD/Integrated and Interdisciplinary Research (IIR or III)/47009/RS//
dc.rightsrestrictedAccess
dc.sourceJournal of Balkan and Near Eastern Studies
dc.titleMisunderstanding of FDI in the Western Balkans: Cart before the Horse and Wheels without Suspensionen
dc.typearticle
dc.rights.licenseARR
dc.citation.epage477
dc.citation.issue4
dc.citation.other21(4): 462-477
dc.citation.rankM22
dc.citation.spage462
dc.citation.volume21
dc.identifier.doi10.1080/19448953.2018.1506285
dc.identifier.rcubconv_992
dc.identifier.scopus2-s2.0-85054812418
dc.identifier.wos000477088100006
dc.type.versionpublishedVersion


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