MEASURING THE FDI ATTRACTIVENESS IN THE EAP COUNTRIES FROM AN INSTITUTIONAL PERSPECTIVE

Countries in the European Union’s neighborhood, such as those in the Eastern Partnership (EaP), have a particular interest in attracting foreign direct investment (FDI) because investment inflows can guarantee them a number of advantages needed for accession. This paper proposes a comparative analys...

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Bibliographic Details
Published in:Journal of business economics and management 2023-12, Vol.24 (6), p.1019-1041
Main Authors: Sorcaru, Sergiu Lucian, Nuta, Florian Marcel, Topliceanu, Stefan Catalin, Ambrozie, Alisa Mihaela
Format: Article
Language:English
Subjects:
Comparative analysis
Corruption
country risk
Democracy
doing business
Eastern Partnership
Economics
Foreign investment
Influence
institutional quality
International relations
investment attractiveness
Investment policy
Investors
Macroeconomics
Monetary incentives
Transition economies
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Summary:Countries in the European Union’s neighborhood, such as those in the Eastern Partnership (EaP), have a particular interest in attracting foreign direct investment (FDI) because investment inflows can guarantee them a number of advantages needed for accession. This paper proposes a comparative analysis of the investment attractiveness of the EaP countries in the period 2005–2019 considering the institutional theory of FDI inflows. The research methodology considers a quantitative approach that uses the composite index as a tool. The results show that half of the EaP countries have a high level of investment attractiveness, while the institutional quality has an important influence on attracting FDI.
ISSN:1611-1699
2029-4433
DOI:10.3846/jbem.2023.20652