Effect of Corruption on Foreign Direct Investment Inflows in Countries of the Western Balkans

Hajdini, Artan; Collaku, Lum; Merovci, Safet

doi:10.47305/jlia2391131h

Cited by 4 publications

(2 citation statements)

References 12 publications

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“…Nevertheless, Kosovo refused to join the OBI for the above reasons, mostly "due to its non-recognition by Serbia and Bosnia and Herzegovina and the concerns that the Serbia market would dominate its economy" (Balkans Policy Research Group 2021, 25). It is worth mentioning that with the signature of the economic normalization agreements 5 , among other commitments, Kosovo also agreed to join the Mini-Schengen Initiative but has not yet joined it. Still, the tense political relations with Serbia and continuing disputes over a set of issues have not yet created the conditions for such a step to be taken by Kosovo, while the other opened and unresolved issues have overloaded the relations between Serbia and Kosovo.…”

Section: The Controversies About the Open Balkan Initiativementioning

confidence: 99%

“…This is much needed, especially in times of crisis (The statement of EU Commissioner 2022). 5 Signed by Kosovo and Serbia at the White House Summit in Washington D.C. USA on 4 September 2022. 6 Currently the most concerning issues are: the EU pressure on Kosovo to establish the Association of the Serbian majority Municipalities and to implement the Decision of the Kosovo Constitutional Court on Decan Monastery Case (Judgment in Case No.…”

Section: The International Reactions To the Open Balkanmentioning

confidence: 99%

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Open Balkan Initiative: A Contested Issue in the Eu Membership Perspective

Tota¹,

Culaj²

2023

JLIA

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The Open Balkan is the latest regional initiative in the Western Balkans (WB), firstly named as Mini-Schengen and then changed to Open Balkan Initiative (OBI), which aims to increase the regional economic cooperation among the WBs by going beyond the mere objective of creating a Common Regional Market (CRM). This paper using an analytical approach, taking into account data and information, has identified and highlighted the openly declared objectives of the OBI while comparing it with the previous Berlin Process. Also, the paper has shown that the disputes among the WB countries most inherited from the unresolved issues of the past are still present and hinder the progress towards a common future and EU membership perspective. The reactions to the OBI proved that even the creation of mere economic cooperation is hardly achieved in the case of other existing unresolved issues of the past and continues to remain open. This paper has highlighted the existence of mistrust among the WBs, the importance of increasing regional cooperation, and the role that the EU should inevitably play. The paper has concluded that to achieve the targets defined in the OBI, the WBs should enhance regional cooperation and overcome the challenges they have been facing.

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Section: The Controversies About the Open Balkan Initiativementioning

confidence: 99%

Section: The International Reactions To the Open Balkanmentioning

confidence: 99%

Open Balkan Initiative: A Contested Issue in the Eu Membership Perspective

Tota¹,

Culaj²

2023

JLIA

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The Relationship Between Rule of Law Level and Economic Growth

Hajdari,

Hadzimustafa

2023

Springer Proceedings in Business and Economics

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Investigating the political and regulatory context of corruption and foreign direct investment in post-Soviet countries

Bokayev,

Zagrebin,

Davletbayeva

et al. 2024

JGR

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This article considers the ongoing academic debate surrounding the impact of corruption on investments (Lestari et al., 2022). The aim of the study is to analyze the relationship between corruption and foreign direct investment (FDI) inflow in post-Soviet countries and to examine anti-corruption-related factors influencing investment activity. The investigation employs quantitative and qualitative research methods. The authors analyze secondary data from the World Bank (WB) and Transparency International (TI), examining the dynamics of FDI as well as the corruption perceptions index (CPI) for 15 post-Soviet countries from 2013 to 2022. Upon computing Pearson’s correlation coefficients, no significant association between these two indicators was found. In this regard, the authors assumed that the inelastic demand for specific resources in developing nations outweighs the discouraging effect of corruption. These observations correspond to the findings of Abdella et al. (2018). Furthermore, instances of notable fluctuations in CPI rankings accompanied by significant FDI growth were examined, with a focus on the associated political and regulatory context. To explore this, the authors analyze “gray literature” from 2013 to 2022, highlighting significant events within countries. Findings establish a cause-and-effect relationship between these events, the changes in CPI, and FDI.

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Effect of Corruption on Foreign Direct Investment Inflows in Countries of the Western Balkans

Abstract: The purpose of this study was to investigate the effect of corruption on Foreign Direct Investment (FDI) in the Western Balkans countries,

Cited by 4 publications

References 12 publications

Open Balkan Initiative: A Contested Issue in the Eu Membership Perspective

Open Balkan Initiative: A Contested Issue in the Eu Membership Perspective

The Relationship Between Rule of Law Level and Economic Growth

Investigating the political and regulatory context of corruption and foreign direct investment in post-Soviet countries

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