The Influence of Foreign Direct Investments on Regional Development in Croatia

IF 0.4 Q4 ECONOMICS

Croatian Economic Survey Pub Date : 2014-12-29 DOI:10.15179/CES.16.2.3

Ines Kersan-Škabić, Lela Tijanić

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引用次数: 9

Abstract

The aim of this study was to determine the influence of foreign direct investments (FDI) on regional development in Croatia and to contribute to previous studies that deal with regional FDI re-allocations. Our analysis was conducted at the NUTS 3 level (21 Croatian counties) and applied panel data analysis to determine the influence of FDI as well as other factors that proved to be significant in regional development in Croatia. The results point out that investment (i.e., both domestic and foreign direct investments), labor productivity, and export have a positive and significant influence on regional development, while absorptive capacity has a negative influence. It is therefore important to strengthen the absorptive capacity of Croatian regions to create a favorable investment environment and to provide good preconditions for the development of other factors of regional development. Findings are relevant for policy makers who should take more proactive roles in attracting FDI as a way of strengthening regional development in Croatia. This may help policy-makers to act locally to achieve cohesion, but it can also be important for foreign investors that observe regional FDI determinants in the European Union.

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外国直接投资对克罗地亚区域发展的影响

这项研究的目的是确定外国直接投资对克罗地亚区域发展的影响，并对以前关于区域外国直接投资再分配的研究作出贡献。我们的分析是在NUTS 3级别(21个克罗地亚县)进行的，并应用面板数据分析来确定外国直接投资的影响以及其他被证明对克罗地亚区域发展具有重要意义的因素。结果表明，投资(即国内直接投资和外国直接投资)、劳动生产率和出口对区域发展具有显著的正向影响，而吸收能力对区域发展具有负向影响。因此，必须加强克罗地亚各地区的吸收能力，以创造有利的投资环境，并为区域发展的其他因素的发展提供良好的先决条件。调查结果与决策者有关，他们应该在吸引外国直接投资方面发挥更积极的作用，作为加强克罗地亚区域发展的一种方式。这可能有助于政策制定者在当地采取行动以实现凝聚力，但对于观察到欧盟地区外国直接投资决定因素的外国投资者来说，这也很重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Croatian Economic Survey ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

审稿时长

12 weeks

期刊介绍： The journal Croatian Economic Survey is a Diamond Open Access journal defined by the following characteristics: -Peer review: the article goes through the journal''s process of a double-blind peer review. -Public access: both the author and the public have immediate access to the final, published version of the article. -Funding model: both the author and the public pay no fee to the journal. The journal is financially supported by the Ministry of Science and Education of the Republic of Croatia. Croatian Economic Survey is an English-language, peer-reviewed scholarly journal published by the Institute of Economics, Zagreb in Croatia and financed by the Croatian Ministry of Science and Education. The journal aims to serve as a forum for academics and practitioners by publishing high-quality research papers on topics in all areas of economics. Special focus is given to post-socialist Europe. Comparative studies are especially encouraged, since these countries share a similar socio-economic background and comparative studies offer a valuable source of insight for policy formulation as well as a basis for competitive benchmarking. The journal welcomes empirical and policy-oriented papers relevant to a broader international audience. Contributions need not be limited solely to economics; submissions from other related disciplines are encouraged.