Translated title: Growth-Enhancing Mechanism in Transition Countries: Cooperative Effect of Foreign Direct Investment and Financial Development
Authors: Shilyaeva, Natalia ; Mejstřík, Michal (advisor) ; Geršl, Adam (referee) ; Novák, Jiří (referee)
Document type: Master’s theses
Year: 2009
Language: eng
Abstract: Current research examines the interdependence between foreign direct investment (FDI), financial development and economic growth. The relationship between the variables in question is studied with reference to transition economies (28 former centrally planned economies). The period of observation covers the transition from centrally planned to market economies 1989-2007. The relationship is analysed using panel data regression models, factor analysis and cointegration tests. The paper suggests that FDI and financial development exert a complementary effect on economic growth, although the latter appears to be insignificant. At the same time, the research provides evidence that FDI is likely to compensate the underdevelopment of financial sector. Powered by TCPDF (www.tcpdf.org)
Keywords: Economic growth; FDI; Financial development; Transition countries; ekonomický růst; FDI; finanční rozvoj; transformující se země

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/26541

Permalink: http://www.nusl.cz/ntk/nusl-281630


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Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses