对外直接投资的决定因素：以罗马尼亚为例外文原文.pdfVIP

Transit Stud Rev (2009) 15:726–736 DOI 10.1007/s11300-008-0033-2 S OU TH EA S T E URO P EA N IS S UE S FDI Determinants: Case of Romania Maria Birsan Æ Anut¸a Buiga Received: 3 June 2008 / Accepted: 4 August 2008 / Published online: 3 December 2008 Springer-Verlag 2008 Abstract Even if the FDI is important for all host countries, for those in the process of transition to a market economy the FDI presence is critical under many respects. Not all transition countries benefited from the very beginning from the FDI presence. Several determinant factors explain the differences. Romania was lagging behind regarding the interest of foreign investors during the first 9–10 years of transition. The situation has improved greatly. The aim of this paper is to identify the main factors determining the evolution in the FDI/GDP (%) as proxy for the FDI evolution. To this end, we used the method of factors analyses. The four resulted determinant factors are: Market size and potential, Reform progress, Business liberalization, and Labor cost. A linear regression model expresses the connections between dependent variable and the four determinant factors. The paper concludes with certain policy implications. Keywords FDI in Romania Reasons for FDI Factor analyses Regression analyses Main determinants JEL Classification F21 F23 Introduction The role of FDI has been examined under various aspects that refer to the impact on home or host countries, the advantages and the costs. We would mention a few more M. Birsan () Centrul de Studii Europene, Al.I.Cuza University, Iasi, Romania e-mail: maria.birsan@uaic.ro; mbirsan@ A. Buiga Faculty of Economics and Business Administration, Babes¸-Bolyai University, Cluj-Napoca, Romania e-mail: anutabuiga@yahoo.fr 123 FDI Determinants: Case of Romania 727 issues resulting from research, such as the c