The Assessment of Foreign Direct Investment Influence on The Country’s Economic Competitiveness

Danilevičienė, Irena; Lukšytė, Vilma

doi:10.3846/mla.2017.1017

Cited by 4 publications

(3 citation statements)

References 23 publications

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“…They concluded that changes in the number of enterprises directly depend on the change of GDP in the country over the year and confirmed that the economic situation has a significant impact on enterprise performance. Danilevičienė and Lukšytė (2017) analysed the impact of foreign direct investment on the competitiveness of the country's economy and identified their importance for the country's continuous development, increasing productivity, integration into the global economy, etc.…”

Section: Review Of Related Scientific Investigationsmentioning

confidence: 99%

Development of Fintech Business in Lithuania: Driving Factors and Future Scenarios

Taujanskaitė

Kuizinaitė

2022

Business, Management and Economics Engineering

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Purpose – the research aims to find out the main factors that determine the change in the number of FinTech companies in Lithuania and predict the future development of this sector. Research object: FinTech business sector, described as the number of FinTech companies. Research methodology – scientific literature analysis and generalisation, comparative analysis, statistical data collection and systematisation, correlation-regression analysis, scenario method for forecasting. Findings – the main factors that may determine the growth of the number of FinTech companies in Lithuania were identified and several development scenarios of the segment forecasted. The first part analyses related scientific investigations and FinTech's impact on the financial system as a whole. In the empirical part, a correlation and regression analysis of the factors that may determine the change of a number of FinTech companies was performed and ten main factors identified. The possible evolution of the number of FinTech companies until 2024 under 5 scenarios has been predicted. Research limitations – the statistical information used in this research comes from different databases and different sources and may not always be free from certain discrepancies. Practical implications – the obtained results may be of interest for researchers who examine this issue and the Central Bank of Lithuania, performing surveillance of the financial market. The forecast under various scenarios of the economic situation enables the estimation of the impact the FinTech business may have and can be useful for the Ministry of Finance involved in strategic planning. Originality/Value – an attempt was made to fill in the scientific literature gaps and find out what factors influence the most FinTech sector development in Lithuania and how this sector might grow in the future.

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Section: Review Of Related Scientific Investigationsmentioning

confidence: 99%

Development of Fintech Business in Lithuania: Driving Factors and Future Scenarios

Taujanskaitė

Kuizinaitė

2022

Business, Management and Economics Engineering

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“…The cross-border competitiveness of regions in the international market is the result of pooling of the strengths of the cooperating regions. Danilevičienė and Lukšytė (2017) describe the competitiveness of the region as its ability to achieve high productivity and ensure the comprehensive well-being of the population. According to Žitkus and Mickevičienė (2013), competitiveness in the modern world is becoming the dominant and even mandatory type of status of entities at all levels, including regions.…”

Section: Analysis Of Literaturementioning

confidence: 99%

Strengthening Lithuanian - Latvian Cross - Border Cooperation in the Context of International Trade

Zykienė

Laučienė

Daugėlienė

et al. 2021

EIS

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The article analyses the strengthening of the competitiveness of countries based on crossborder cooperation through the prism of international trade indicators. Due to the increase in international competition, countries, especially small economies, are finding it increasingly difficult to maintain their position in the global market and remain competitive if this position is pursued individually. It is therefore necessary to review competition strategies and reassess opportunities and competitive advantages, as well as to promote coopetition between border region companies at institutional level. The article presents a new approach to regional competitiveness, which is achieved not through the development of the competitive advantages of the regions of individual countries, but through their cooperation and thus achieving common benefits. This is particularly relevant for border regions, as their uniqueness allows them to exploit cross-border region cooperation, which can generate added value by utilising the potential of cooperating regions to complement each other and become a competitive hub for economic growth. Only a strategic partnership based on regional cooperation will promote cooperation between manufacturers in different regions and ensure the achievement of co-creation and international development goals. The article analyses the case of Lithuania and Latvia as an example of cross-border cooperation, as internationally these countries are often matched and treated as one region, but in fact they compete fiercely with each other for better positions in foreign markets. This also shows that Lithuania’s and Latvia’s foreign trade with the European Union (hereinafter - the EU) accounted for the largest share of their foreign trade. Secondary statistical data of the EU-28 Eurostat of 2010 - 2019 and Finger Kreinin, RCA, and Lafay indices were used for the study. After assessing the convergence of the Lithuanian and Latvian export structure according to the FKI index during the study and finding that the export structure of these countries is very similar, the relative comparative advantage of exports by individual product sectors was assessed on the basis of the RCA index and the comparative advantage on the basis of the LAFAY index. The study showed that both countries had comparative advantages in the same product groups. The identification of common points of contact has highlighted economic activities, the development of which could be given more attention through the cooperation between the countries, and which would ensure overall economic benefits. The article concludes with strategic recommendations and measures to promote cross-border cooperation and increase the region’s competitiveness. The article contributes to the regional economic subject literature, as the concept of cross-border region competitiveness is developed by promoting not the competition of individual regions, but their cooperation by discovering common similarities in economic development. The article presents methodological logic and empirical calculations that would allow policy makers to develop cooperation strategies with those border regions with which it is expedient to cooperate for greater economic benefits. Promoting regional development and reducing regional disparities not only between regions within the same country but also between different countries requires the patient and consistent work of governments, businesses and academia, as well as individual communities, to develop measures and initiatives to promote cross-border cooperation.

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“…TUI gali padidinti regioninius ekonominio išsivystymo skirtumus, nes neišvystyti regionai nėra patrauklūs investicijoms. Regionų patrauklumą gali pagerinti telekomunikacijų infrastruktūros kūrimas, vietinių kelių sujungimas su magistraliniais keliais, geležinkelio, oro ir upių transporto įtraukimas į tarptautinio tranzito sistemą, suteikiamos mokesčių lengvatos tam tikram laikotarpiui (Sochulakova ir Igazova 2013;Danilevičienė ir Lukšytė, 2017 Lietuvoje esanti kelių susisiekimo infrastruktūra sudaro palankias sąlygas PP tinklui vystytis. 9 iš 10 regionų yra europinės reikšmės kelių įtakos zonoje, tačiau tai ne vienintelis rodiklis, užtikrinantis sėkmingą PP funkcionavimą.…”

Section: Pramoniniai Parkai Pagal Naudojamą žEmęunclassified

Pramoninių Parkų Išsidėstymas Lietuvos Respublikos Teritorijoje / Distribution of Industrial Parks in the Territory of the Republic of Lithuania

Vabuolytė

Burinskienė

2019

Science - Future of Lithuania

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Industrial parks are one of the most widely used regional policy tools in the world, aimed at promoting investment and economic growth and reducing social exclusion. The rational layout of the parks, taking into account the accessibility of transport infrastructure and the availability of work force, helps to achieve this goal. Otherwise, the creation of the park may not produce the desired result and the investment in the project will not be justified. The authors analyse the spatial distribution of industrial parks in Lithuania, as well as their supply. In order to achieve this goal, a comprehensive review of the scientific literature was carried out, the types and features of the most common parks in the world were identified, and a map of the spatial distribution of industrial parks in Lithuania was compiled using GIS. The object of the research is limited to the territory of the Republic of Lithuania and its regions.

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The Assessment of Foreign Direct Investment Influence on The Country’s Economic Competitiveness

Cited by 4 publications

References 23 publications

Development of Fintech Business in Lithuania: Driving Factors and Future Scenarios

Development of Fintech Business in Lithuania: Driving Factors and Future Scenarios

Strengthening Lithuanian - Latvian Cross - Border Cooperation in the Context of International Trade

Pramoninių Parkų Išsidėstymas Lietuvos Respublikos Teritorijoje / Distribution of Industrial Parks in the Territory of the Republic of Lithuania

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