Kodhelaj, Mimoza and Molla, Jonida (2010): Foreign Direct Investments in Albanian Market as part of Global Market and Globalization. Published in: Financial Management Association International (FMA) No. Finance, Markets, Investments, and Risk Management St. John's University New York, New York (20 May 2011)
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Abstract
“People are worried about the unknown. They are worried about things that they are unwilling to invest some time in and learn about. I don't think most of these people are going to be automated out of existence1.” Michael Bloomberg Mayor of New York City
Taking inspiration from the above quotation, through this paper we will present the changes occurring in Albania’s transitive economy which aims to become more prominent in the regional and even global economy. As two young researchers, we are aware of our limited abilities to change the actual economic situation in Albania. However, our research is an indicator not only of our motivation towards understanding and promoting economic development in our country, but also of the overall potential Albania has to realize in order to fully integrate in the global markets. This paper will attempt to provide answers to the following issues:
- Effects of globalization on Albanian economy
- Foreign investments in an emerging market such as that of Albania and reasons why foreign investors should invest in Albania
- Constraints with a negative impact on investment in Albania
- Macroeconomic factors determining FDI in Albania
- Benchmarks of Albanian economy and FDI on a regional level
- Competitive approaches of Albanian Market
The methodology that we will use in the content of this paper will include qualitative economic analyses, comparative analyses and quantitative data. We will attempt to build up an econometric model identifying the main macroeconomic factors that determine FDI in Albania. At the end, we will present our main findings, conclusions, and recommendations.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Foreign Direct Investments in Albanian Market as part of Global Market and Globalization. |
| Language: | English |
| Keywords: | FDI, Albania, Globalization, Macroeconomic Factors determining FDI |
| Subjects: | C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General C - Mathematical and Quantitative Methods > C5 - Econometric Modeling E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E27 - Forecasting and Simulation: Models and Applications Y - Miscellaneous Categories > Y1 - Data: Tables and Charts > Y10 - Data: Tables and Charts |
| Item ID: | 51657 |
| Depositing User: | Mimoza Kodhelaj |
| Date Deposited: | 19 Mar 2014 06:50 |
| Last Modified: | 28 Sep 2019 19:29 |
| References: | Tonnuci & Partners, Law Firm (2010) : “Business guide Albania” Doing business in Albania – World Bank Study results 2009 National Strategy for Development and Integration (November 2009) Jamal Bouoiyour (2003: “The Determining Factors of Foreign Direct Investmentin Morocco” Charles P. Oman (1999): “Policy Competition for Foreign Direct Investment” USAID& ACIT (2009): “Albanian Trade Report” Alan A.Bevan and Saul Estrin (2000): “The Determinants of Foreign Direct Investment in Transition Economies” Matthias Busse&Carsten Hefeker (2005): “ Political Risk, Institutions and Foreign Direct Investment” Steven Globerman(2004): “Foreign Direct Investment in emerging and transition European countries” Andre Martens (2008): “Trade Liberalization and Foreign Direct Investment (FDI)in Emerging countries: An empirical survey” African Economic Policy Paper (1998): “Foreign Direct Investment and its determinants in emerging economies” Khan Md.Azizur Rahman (2008): “Globalization and the Climate of Foreign Direct Investment: A Case for Bangladesh” Venetike Nakuçi and Kiço Zizo (South-East Europe Review 1/2006): “Foreign direct investment (FDI) – the promoter of growth in the Albanian economy” Kujtime Stefani (15 June 2009) “Trade reform opening Albanian market to the global economy” Franz Kronthaler (2007) “Effectiveness of Competition Law: A panel Data Analysis” Hadi Salehi Esfahani (1999) “Estimating Trade Policy Models: An Empirical Study of Protection Policy in Turkey” Scott L. Baier and Jeffrey H. Bergstrand (2005) “Do Free Trade Agreements Actually Increase Members’ International Trade?” Michael W Nicholson (2004) “Quantifying Antitrust Regimes” Maria Vagliasindi (2001) “Competition across transition economies :an enterprise-level analysis of the main policy and structural determinants” Transition Report 2009, Albania 2010 Index of Economic Freedom www.Wto.org www.Ebrd.com www.ceps.be www.transparencyintenational.com www.wikipedia.com www.euromonitor.com www.wef.org www.economywatch.com http://www.articlesbase.com/international-business- articles/albania-foreigninvestment-in-an-emerging-market-1412402.html#ixzz100XVnrY6 www.fdi.net/country/sub_index.cfm?countrynum=6 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/51657 |
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