Determinants of Economic Growth in V4 Countries and Romania

Simionescu, Mihaela; Lazányi, Kornélia; Sopková, Gabriela; Dobeš, Kamil; Balcerzak, Adam P.

doi:10.7441/joc.2017.01.07

Cited by 83 publications

(78 citation statements)

References 18 publications

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“…Source: FDI/TNC database of UNCTAD As Figure 1 indicates, FDI inflows in the case of all the V4 countries had, in general, increasing tendency from the beginning of the observed period and achieved its peak around 2007-2008 followed by decrease in the context of global economic crisis. According to Simionescu (2017), the V4 states attracted a significant amount of FDI before the crisis due to favourable economic environment for investors and an openness to international capital mobility. From 2010, we observe divergent evolution of FDI flowing into the Visegrad countries with negative values in the recent years valid for Slovakia and Hungary.…”

Section: Figure 1 Evolution Of Fdi Inflows In V4 Countries In Milliomentioning

confidence: 99%

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Hintošová¹,

Bruothová²,

Kubíková³

et al. 2018

Journal of International Studies

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This study identifies the determinants of foreign direct investment inflows into Visegrad countries using the country level data from the year 1989 to the year 2016. Based on correlation and regression analyses (OLS and fixed-effect model), we have identified the level of gross wages and the share of educated labour force as the most significant determinants with positive effect on FDI inflows. On the other hand, corporate income tax rate, trade openness and expenditures on research and development have been detected as the determinants with negative impact on FDI. Our study has not brought any evidence on inflation rate, unemployment rate, GDP per capita and the innovation output, as the sum of patents and trademarks, influencing FDI inflows in the case of Visegrad countries.

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Section: Figure 1 Evolution Of Fdi Inflows In V4 Countries In Milliomentioning

confidence: 99%

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Hintošová¹,

Bruothová²,

Kubíková³

et al. 2018

Journal of International Studies

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“…In short, the term 'social convergence' reflects the idea of decreasing inequalities in inhabitants' well-being (standard of living or quality of life). Well-being (and related categories) is a complex phenomenon that cannot be quantified by a single variable, especially by GDP per capita (Pietrzak & Balcerzak, 2016a;2016b;Cyrek, 2017;Simionescu et al, 2017) since the economic performance itself does not fully explain the social progress. In literature, we can find two main approaches to measure social convergence: considering separately a set of variables (Neumayer, 2003;Puss, Viies, Maldre, 2003;Otoiu, Titan, 2015) or combining them in one aggregated index (Lopez-Tamayo, Ramos, Surinach, 2012;Kuc, 2014).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Is the Regional Divergence a Price for the International Convergence? The Case of the Visegrad Group

Kuc‐Czarnecka¹

2017

JOC

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The main goal of this article is to verify whether the Visegrad Group countries are achieving social convergence at national level at the expense of internal divergence. For this purpose, the existence of social beta-, sigma-and gamma-convergence at national and regional level was tested. The author of this article decided to tackle the convergence problem since there is a high risk that countries are trying to catch up at international level even at the expense of increasing internal differences. This trade off could be framed as undesirable from a cohesion policy point of view. Achieving convergence is not only important for inhabitants' standard of living but for regions' and countries' competitiveness as well. In today's turbulent and globalised world, regions must become more resilient and competitive, and this cannot be done without adequate human capital. Dealing with present unsustainable trends of many kinds, regions are forced to create the best living conditions in order to avoid the brain drain. In this article, a spatial taxonomy measure of development (Pietrzak, 2016) was used to compare the Visegrad Group countries performance with respect to their internal cohesion in the period of 2004-2014. It seems that the inclusion of spatial relationships is justified because nowadays, no region develops in isolation. Therefore, the situation in each region is influenced by neighbourhood.

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“…Halkos & Trigoni (2010), utilizing the VECM, recorded that the financial system does not explicitly appear to affect growth within the European Union countries. The study on the finance-growth nexus in developed countries has extensively conducted by authors including (Ductor & Grechyna, 2015;Omri et al, 2015;Simionescu et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Financial Development and Economic Sustainability in ECOWAS Countries: the Role of Institutional Quality

Appiah

Korankye

2020

Etikonomi

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The literature explored the relationship between financial development and economic sustainability, taking into consideration the roles played by institutional quality in the ECOWAS region. Most literature still debates on the roles of institutional quality on economic growth. The study used data from 1996-2017 for 15 emerging economies within the ECOWAS by applying two-step SYS GMM (SGMM) estimators. The study discovered that financial development has no significant and positive alliance on economic sustainability in the ECOWAS region. Besides that, regulatory quality and control of corruption, considered institutional quality variables have conflicting results with control of corruption reducing growth as well as regulatory quality increasing growth. Again, the results came out that capital formation has a positive association with growth and labor force influencing negatively on growth. Finally, due to a lack of proper corruption control systems in the region and poor financial sector development, growth cannot improve.Abstrak. Literatur mengeksplorasi hubungan antara pengembangan keuangan dan keberlanjutan ekonomi dengan mempertimbangkan peran yang dimainkan oleh kualitas kelembagaan di wilayah ECOWAS. Sebagian besar literatur masih memperdebatkan peran kualitas kelembagaan pada pertumbuhan ekonomi. Studi ini menggunakan data dari tahun 1996-2017 untuk 15 negara berkembang dalam ECOWAS dengan menerapkan penduga dua langkah SYS GMM (SGMM). Penelitian ini menemukan bahwa pengembangan keuangan tidak memiliki aliansi yang signifikan dan positif pada keberlanjutan ekonomi di wilayah ECOWAS. Selain itu, kualitas pengaturan dan pengendalian korupsi, yang dianggap sebagai variabel kualitas kelembagaan, memiliki hasil yang berlawanan dengan pengendalian korupsi yang mengurangi pertumbuhan serta kualitas peningkatan regulasi. Sekali lagi, hasilnya keluar bahwa pembentukan modal memiliki hubungan positif dengan pertumbuhan dan tenaga kerja yang berpengaruh negatif terhadap pertumbuhan. Akhirnya, karena kurangnya sistem kontrol korupsi yang tepat di wilayah ini dan perkembangan sektor keuangan yang buruk, pertumbuhan tidak dapat meningkat.Kata Kunci: pengembangan keuangan, keberlanjutan ekonomi, kualitas kelembagaan, negara berkembang

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Determinants of Economic Growth in V4 Countries and Romania

Cited by 83 publications

References 18 publications

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Is the Regional Divergence a Price for the International Convergence? The Case of the Visegrad Group

Financial Development and Economic Sustainability in ECOWAS Countries: the Role of Institutional Quality

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