- Author
- Voloshyn Marta (Cracow University of Economics, Poland, student)
- Title
- Foreign Direct Investment as a Pull Factor of the Economic Growth in Ukraine in the Period 2003-2016
- Source
- Przedsiębiorczość Międzynarodowa, 2018, vol. 4, nr 2, s. 79-88, rys., tab., bibliogr. 11 poz.
- Issue title
- International Growth and Entrepreneurship
- Keyword
- Inwestycje bezpośrednie, Inwestycje zagraniczne, Wzrost gospodarczy, Czynniki produkcji, Modele regresji
Direct investments, Foreign investment, Economic growth, Production factors, Regression models - Note
- JEL Classification: C21, F21, O41
summ.
Publication of the article is co-financed by the Ministry of Science and Higher Education as part of a pro-quality grant. - Abstract
- Objective: The aim of this paper is to present the results of investigation of the interlink between FDI and the economic growth in Ukraine in the period 2003-2016.
Research Design & Methods: Methods applied in the study are analysis and synthesis of the literature on the subject as well as quantitative tools: descriptive statistics and linear regression. The GDP per capita and FDI inflow are taken into account in years 2003-2016.
Findings: Many researchers relate the impact of FDI on the economic growth as the positive one. Basing on the literature review, the regression model was used to identify the behaviour of the interlink in the example of one developing country and the economic growth was expressed by the indicator GDP per capita. This paper highlights and proves the positive impact of FDI on the economic growth in Ukraine in the analysed period with the use of regression model. Moreover, the political instability has a negative impact on both FDI inflows and the economic growth.
Contribution & Value Added: The originality of this research is in introducing and highlighting the importance of involving the FDI in Ukraine in order to reach speeder economic growth. (original abstract) - Accessibility
- The Main Library of the Cracow University of Economics
- Full text
- Show
- Bibliography
-
- Almfraji, M. A., & Almsafir, M. K. (2014). Foreign direct investment and economic growth literature review from 1994 to 2012. Procedia-Social and Behavioral Sciences, 129, 206-213. DOI: 10.1016/j.sbspro.2014.03.668.
- Barro, R., & Sala-i-Martin, X. (1995). Economic growth. ed., pp. 20-30.
- Bassam A. Albassam. (2015). Does Saudi Arabia's economy benefit from foreign investments?. Benchmarking: An International Journal, Vol. 22 Issue: 7, pp.1214-1228. DOI: 10.1108/BIJ-05-2014-0039.
- Bhagwati, J., & Panagariya, A. (2013). Why growth matters. BBS Public Affairs, New York, 9-21.
- Cambazoglu, B., & Simay Karaalp, H. (2014). Does foreign direct investment affect economic growth? The case of Turkey. International Journal of Social Economics, 41(6), 434-449. DOI: 10.1108/IJSE-02-2012-0173.
- Freckleton, M., Wright, A., & Craigwell, R. (2012). Economic growth, foreign direct investment and corruption in developed and developing countries. Journal of economic studies, 39(6), 639-652. DOI: 10.1108/01443581211274593.
- Kramar, I. Y., Panukhnyk, O. V., & Marynenko, N. Y. (2015). Trends of foreign direct investment in Ukrainian economy. Aktual'ni Problemy Ekonomiky = Actual Problems in Economics, (170), 76.
- Melnyk, L., Kubatko, O., & Pysarenko, S. (2014). The impact of foreign direct investment on economic growth: case of post communism transition economies. Problems and perspectives in Management, 12(1), 17-24.
- Powell, B. (2008). Making poor nations rich: Entrepreneurship and the process of economic development. Stanford University Press, 137-188.
- Swan, T. W. (1956). Economic growth and capital accumulation. Economic record, 32(2), 334-361. DOI: 10.1111/j.1475-4932.1956.tb00434.x.
- Oxford Dictionary. Pull factor, [online]. Retrieved from https://en.oxforddictionaries.com/definition/pull_factor. [Accessed on 29.11.2017].
- Cited by
- ISSN
- 2543-537X
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.15678/PM.2018.0402.06
