REGIONAL DETERMINANTS OF FOREIGN DIRECT INVESTMENTS IN ROMANIA. A SPATIAL ERROR MODEL
Autor (i): Zizi Goschin
JEL: R19, J21, J6
Cuvinte cheie: FDI determinants, spatial model, county, Romania.
Abstract:
Considering the well documented significance of investments for the regional economic development, this paper explores the underlying factors that drive FDIs’ behaviour in Romania, at county level, in the year 2014. The empirical analysis employed a variety of statistical methods, focusing on the detection of the potential spatial dependence among counties and subsequent use of spatial econometric models able to account for such autocorrelation. The analysis revealed that well developed counties, having large innovative potential, stronger entrepreneurial spirit, better human capital and a higher degree of specialization are the most attractive locations for new foreign direct investments.
Considering the well documented significance of investments for the regional economic development, this paper explores the underlying factors that drive FDIs’ behaviour in Romania, at county level, in the year 2014. The empirical analysis employed a variety of statistical methods, focusing on the detection of the potential spatial dependence among counties and subsequent use of spatial econometric models able to account for such autocorrelation. The analysis revealed that well developed counties, having large innovative potential, stronger entrepreneurial spirit, better human capital and a higher degree of specialization are the most attractive locations for new foreign direct investments.
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