The impact of fiscal and budgetary policy on foreign direct investments: Empirical evidence from Romania, Bulgaria, Poland and Czech Republic

Radulesku M., Druica E.

Actual Problems of Economics, pp.440-452, 2014 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Nəşr tarixi: 2014
  • jurnalın adı: Actual Problems of Economics
  • Jurnalın baxıldığı indekslər: Scopus
  • Səhifə sayı: pp.440-452
  • Açar sözlər: Central and Eastern European countries, Financial macroeconomic policies, Fiscal incentives, Foreign direct investments
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

Once Central and East European (CEE) countries join the Eurozone, they will lose their monetary instruments to adjust macroeconomic imbalances and will rely only on fiscal and budgetary policies. The aim of this paper is to test empirically the impact of fiscal and budgetary policies on FDIs in Romania, Bulgaria, Czech Republic and Poland to propose some directions for Romanian economic policy, subject to the experience of more developed European countries. Based on the results, we can state that Romania should also focus on improving other, non-financial factors that significantly influence the investment environment in the country. Only then fiscal stimulus and incentives can be effective in attracting the FDI.