ABSTRACT

This paper investigates the relationship between foreign direct investment (FDI) and institutional quality measures (control of corruption, political stability, and rule of law) in the Western Balkans. The empirical study is based on panel techniques (unit root tests and causality) in the period 2002–2017. The results indicate that control of corruption, political stability, and rule of law cause an inflow of FDI at the Western Balkans. The bidirectional relationship has been found between political stability and rule of low, control of corruption and rule of law, and control of corruption and inflow of FDI. Thus, the study recommended that stronger institutional measures cause a higher inflow of foreign direct investments.

摘要

本文研究了西巴尔干地区外国直接投资（FDI）与机构质量措施（控制腐败，政治稳定和法治）之间的关系。实证研究基于2002-2017年期间的面板技术（单位根检验和因果关系）。结果表明，腐败控制，政治稳定和法治导致西部巴尔干地区的外国直接投资流入。在政治稳定与弱势统治，腐败与法治的控制与腐败与外国直接投资的流入之间发现了双向关系。因此，该研究建议采取更强有力的制度措施会导致更多的外国直接投资流入。