THE EFFECT OF FDI ON THE GDP OF MACEDONIA

Yıl 2016, ICAFR 16 Özel Sayısı, 109 - 119, 01.10.2016

Agim Mamuti Mehmed Ganić

Öz

Foreign direct investment FDI is one of the most important international factors in relation with money movements. For this reason it has a major effect on the country’s financial development and employment increase. Various studies in the world and mainly on European developing countries show that FDI plays an important role in creating new employment positions in host countries. A lot of research has been going on regarding FDI on a world scale which issue is already documented, however further information is needed in order to have a better understanding about FDI in the Balkan Region and particularly in Macedonia. In the last two decades, Macedonia has been one of the main receivers of FDI, compared to other countries from Central and Eastern Europe. The main purpose of this study is to analyze the effect of FDI on the level of GDP in Macedonia. To conduct the study, data are gathered from World Bank, International Monetary Fund, and State Statistical Office of Macedonia, for the country over a period of seventeen years from 1998-2014

Anahtar Kelimeler

FDI, GDP, Macedonia, growth, development

THE EFFECT OF FDI ON THE GDP OF MACEDONIA

Öz

Foreign direct investment FDI is one of the most important international factors in relation with money movements. For this reason it has a major effect on the country’s financial development and employment increase. Various studies in the world and mainly on European developing countries show that FDI plays an important role in creating new employment positions in host countries. A lot of research has been going on regarding FDI on a world scale which issue is already documented, however further information is needed in order to have a better understanding about FDI in the Balkan Region and particularly in Macedonia. In the last two decades, Macedonia has been one of the main receivers of FDI, compared to other countries from Central and Eastern Europe. The main purpose of this study is to analyze the effect of FDI on the level of GDP in Macedonia. To conduct the study, data are gathered from World Bank, International Monetary Fund, and State Statistical Office of Macedonia, for the country over a period of seventeen years from 1998-2014.

Kaynakça

• Dikova, D., &Witteloostuijn, A. V. (2005). Acquisition Versus Greenfield Foreign Entry: Diversification Mode Choice in Central and Eastern Europe. Imprint, 22(1). doi:1874/147734
• European Comission, 2006. Progress Report on Macedonia, pp. 47-53.
• Fredriksson, Torbjörn and Zbigniew Zimny, 2004. Foreign Direct Investment and Transnational Corporations, in UNCTAD, Beyond Conventional Wisdom in Development Policy. An Intellectual History of UNCTAD 1964-2004, New York and Geneva: United Nations, pp. 127-140
• Hal Hill and Prema-chandra Athukorala, 1998. “Foreign Investment in East Asia: A Survey,” Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol.12(2), p.23-50, November.
• Harrison G. Blaine, 2009. Foreign Direct Investments, Nova Sciences Publishers, pp.85- 121.
• International Monetary Fund, 2010. Selected Issues for Former Yugoslav Republic of Macedonia, pp.15-27.
• National Bank of the Republic of Macedonia, 2013. Annual Report, Skopje.
• OECD (2008), OECD Benchmark Definition of Foreign Direct Investment, Fourth edition, OECD Publishing.
• UNCTAD, 2008, 2012. Investment Policy Review, the Former Yugoslav Republic of Macedonia. UN New York and Geneva.
• WB, International Finance Corporation, 2013. Macedonia, FYR Country Profile pp.5-15.
• World Bank Group - FYR Macedonia Partnership Country Program Snapshot April 2015.