THE ROLE OF FOREIGN DIRECT INVESTMENTS IN ROMANIA'S ECONOMIC DEVELOPMENT: ANALYSIS 2013-2023
The paper aimed to emphasize the importance of foreign direct investments in fostering the sustainable development of the Romanian economy, as well as their influence on economic growth and the evolution of the business environment. Statistical data on foreign direct investments (FDI) provided by th...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Agricultural Sciences and Veterinary Medicine, Bucharest
2024-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.24_4/Art21.pdf |
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| Summary: | The paper aimed to emphasize the importance of foreign direct investments in fostering the sustainable development of the Romanian economy, as well as their influence on economic growth and the evolution of the business environment. Statistical data on foreign direct investments (FDI) provided by the National Bank of Romania formed the basis of the research. The study presents the dynamics, structure, and volume of foreign direct investments in Romania during the 2013–2023 period. A simple linear regression econometric model was employed to analyze the impact of foreign direct investments on economic growth. The findings revealed a rising trend in foreign direct investments in Romania. Additionally, there was a strong and statistically significant correlation between FDI and the gross domestic product (GDP). The overall conclusion highlights that FDI serves as a vital instrument for narrowing the economic disparity between developed and developing nations, promoting sustainable economic growth, and tackling structural challenges in Romania. |
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| ISSN: | 2284-7995 2285-3952 |