Assessing the Impact of Foreign Direct Investment on Economic Growth: Evidence from the Western Balkans

Abstract

This study aims to empirically explore the relationship between FDI and growth in six of the Western Balkan countries. The hypothesized relationship between FDI and economic growth was examined for the period between 1996 and 2021. Descriptive statistics and simple linear regression were used in data processing. The findings of this study reveal that a hypothesis about a positive impact FDI inflows on the GDP selected countries has been rejected in case of Albania and Bosnia and Herzegovina. It means that FDI has no statistically significant influence on growth in these two countries. However, when it comes to Croatia, North Macedonia, Montenegro and Serbia, a hypothesis was not rejected providing explanation that FDI contributes to growth of these four countries. FDI functions as a growth accelerator yet its success ratings differ in each situation. Government policies need to be customized for each country based on the successful Montenegro's model.

Keywords

• Economic Growth
• FDI
• Western Balkans
• ANOVA
• Parameter Estimates

Doğrudan Yabancı Yatırımların Ekonomik Büyüme Üzerindeki Etkisinin Değerlendirilmesi: Batı Balkanlar'dan Kanıtlar

Abstract

Bu çalışma, altı Batı Balkan ülkesinde DYY ve büyüme arasındaki ilişkiyi ampirik olarak araştırmayı amaçlamaktadır. DYY ve ekonomik büyüme arasındaki varsayılan ilişki 1996 ve 2021 yılları arasındaki dönem için incelenmiştir. Veri işlemede tanımlayıcı (tek değişkenli) ve iki değişkenli (t-testi, ANOVA, korelasyon analizi) ve basit doğrusal regresyon kullanılmıştır. Bu çalışmanın bulguları, Arnavutluk ve Bosna Hersek için bir hipotezin reddedildiğini ortaya koymaktadır. Bu, DYY'nin bu iki ülkede büyüme üzerinde istatistiksel olarak anlamlı bir etkisi olmadığı anlamına gelmektedir. Ancak, Hırvatistan, Kuzey Makedonya, Karadağ ve Sırbistan söz konusu olduğunda, DYY'nin bu dört ülkenin büyümesine katkıda bulunduğunu gösteren hipotez kabul edilmiştir

Keywords

• Ekonomik Büyüme
• DDY
• Batı Balkan Ülkeleri
• ANOVA
• Parametre Tahmini

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