scholarly journals Role of foreign direct investment in banking sector and their impact on employment: Kosovo case

2021 ◽  
Vol 3 (1) ◽  
pp. 50-58
Author(s):  
Sokol Krasniqi ◽  
Ismail Mehmeti
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Banking Sector ◽  
Employment Growth ◽  
Practical Implication ◽  
Direct Access ◽  
Western Balkans ◽  
Legal Provisions ◽  
Balkan Countries ◽  
Balkan Region

The purpose is to identify the role and importance of Foreign Direct Investment (FDI) for the Kosovo economy, emphasizing FDI in the banking sector and their impact on employment growth - comparing FDI levels with countries of the Western Balkans. Data processing design is in line with a focus on data published by local and international organizations and institutions, using methods deductive, comparing research data synthetically and analytically with direct access to literature, scientific journals, official reports published domestically and abroad. Kosovo aims to regulate favorable legal infrastructure by attracting as much FDI as possible to other countries in the region. In this context, in Kosovo the economic field is regulated by legal provisions covering the area of FDI, which is very favorable compared to other Western Balkan countries. This paper provides sufficient data to show the current state of FDI in Kosovo compared to the countries of the Balkan region, as well as the extent to which FDI has affected employment growth in the Kosovo banking sector. The practical implication also relates to identifying the improvement of positive legal conditions for more FDI attraction. The data in the paper present the real situation of FDI in Kosovo and their role in economic development, emphasizing the country's banking sector and how Kosovo stands for FDI relative to the Western Balkan countries.

scholarly journals Comparison of the labor market between the countries of the Western Balkans

2021 ◽  
Vol 5 (2, special issue) ◽  
pp. 135-144
Author(s):  
Bashkim Bellaqa ◽  
Qazim Tmava ◽  
Arif Krasniqi
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Labor Market ◽  
Direct Investment ◽  
Employment Rate ◽  
Western Balkans ◽  
Balkan Countries ◽  
Market Management ◽  
Independent Variable ◽  
The Impact

The improvement of the labor market, the management, the expansion of foreign direct investment, etc., all play a key role in the economic development of the Western Balkans. The main purpose of this study is to analyze and compare trends in employment, unemployment, gross domestic product (GDP), foreign direct investment (FDI), labor market management and to study the effects of foreign direct investment on employment in the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro, and Serbia) between 2015 and 2019. However, evidence for FDI’s impact is mixed (Navaretti & Venables, 2004). In terms of methodology, comparative and empirical analyses of the strength of the correlation between the dependent variable of employment and the independent variable of FDI for the countries of the Western Balkans have been conducted. Based on analyses, the employment rate in the six Western Balkan countries in 2019 has improved when compared to 2018, except in Montenegro, where it has declined. This study will contribute to enhance understanding of the labor market and the impact of FDI on employment in the Western Balkan countries

scholarly journals Foreign direct investment in the western Balkans: Privatization, institutional change, and banking sector dominance

2010 ◽  
Vol 55 (187) ◽  
pp. 7-30 ◽  
Author(s):  
Valerija Botric
Keyword(s):  
Foreign Direct Investment ◽  
Capital Accumulation ◽  
Direct Investment ◽  
Banking Sector ◽  
Transition Period ◽  
Western Balkans ◽  
Eu Member States ◽  
Data Framework ◽  
Data Limitations ◽  
Comparison Of The Results

The paper provides analysis of foreign direct investment (FDI) dynamics and its determinants for the group of countries lately referred to as Western Balkans (non- EU ex-Yugoslavia countries plus Albania). Due to vulnerable external positions and enhanced funding requirements related to the EU accession and catching-up, FDI is often highly welcomed by government officials in the South East European (SEE) countries. The notion that FDI is frequently accompanied by knowledge and know-how transfer makes this source of capital growth even more desirable than simple capital accumulation from frequently inadequate domestic savings. The analysis of the FDI determinants on the overall economy level conducted within the panel data framework aims to provide the answer whether the same factors as in Central and Eastern European countries, now new EU member states, are relevant for the sampled countries. Due to data limitations and the frequent emergence of new countries in the region, the analysis does not extend to the early transition period. Since it entails the beginning of the financial crisis, the comparison of the results obtained with those of previous studies will enable the discussion of internal versus external factors of FDI attraction in the region.

FOREIGN DIRECT INVESTMENT IN SERBIA

2021 ◽  
pp. 253-265
Author(s):  
MILOŠ PJANIĆ ◽  
MIRELA MITRAŠEVIĆ
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
Financial Markets ◽  
Direct Investment ◽  
Employment Growth ◽  
Home Country ◽  
New Technology ◽  
Foreign Direct Investments ◽  
Education Innovation ◽  
National Economies

In the process of globalization, the importance of foreign direct investment has changed significantly, because today they represent one of the most important factors of competitiveness, development and application of new technology, education, innovation and economic development. As a significant form of financing national economies, foreign direct investment is a form of investment that is realized outside the home country, where one of the most important goals of both developed and especially developing countries is to attract as much foreign direct investment. A large number of developing countries, including Serbia, have liberalized restrictions on foreign investment and free trade in the last two decades, liberalized national financial markets and begun privatization processes. Due to numerous problems and consequences of economic crises they have faced, many developing countries, as well as Serbia, view foreign direct investment as one of the most important factors for stimulating trade, employment growth, openness of national economies, and establishing overall macroeconomic stability. The aim of this paper is to point out the importance and dynamics of foreign direct investments in Serbia, as well as the key incentives for their attraction. Also, in addition to the theoretical review of foreign direct investments, the effects of foreign direct investments are presented in the paper.

ROMANIA AND THE BALKANS: POLITICAL, HISTORICAL AND CULTURAL ASPECTS

2021 ◽  
pp. 233-252
Author(s):  
Tatiana Bitkova ◽  
Keyword(s):  
European Union ◽  
Balkan Peninsula ◽  
Western Balkans ◽  
The Balkans ◽  
Political Situation ◽  
Cultural Aspects ◽  
Balkan Countries ◽  
Regional Leadership ◽  
Balkan Region ◽  
The Common

The article analyzes some aspects of Romania’s foreign policy in the Balkan region. It is noted that the same fact that country belongs to the Balkans causes ambiguous interpretations on the part of Romanian politicians and experts, many of whom believe that Romania cannot be attributed to this region either geographically or politically. At the same time, culturally and historically, according to a certain part of historians and sociologists, Romania nevertheless carries the features of the so-called «Balkanism», due to the common Ottoman past with the Balkan Peninsula. These features are also relevant for the current socio-political situation, which is shown in the article with specific examples. In addition, criticism of the very term «Balkanism» from the side of Romanian analysts is presented. The author also examines Romania’s relations with the countries of the Western Balkans, primarily with Serbia. The points of contact of the positions of these countries are noted, which are largely due to the desire of Serbia to resolve the Kosovo problem in its favor, relying on the support of Romania - one of the five EU countries that did not recognize the independence of Kosovo. Romania, using this situation, is trying to strengthen its position, seeking regional leadership. The author comes to the conclusion that, although the Western Balkan countries directly or indirectly aspire to Euro-Atlantic structures, some of them (primarily Serbia) maintain and develop friendly relations with Russia, which complicates their interaction with Romania, orthodoxly adhering to the NATO and European Union policies and having a very difficult relationship with Russia.

Knowledge spillovers from inward foreign direct investment in the banking industry

2017 ◽  
Vol 55 (9) ◽  
pp. 2053-2072 ◽  
Author(s):  
Chong-Hoe Kim ◽  
Byung Il Park
Keyword(s):  
Foreign Direct Investment ◽  
Survey Data ◽  
Absorptive Capacity ◽  
Direct Investment ◽  
Banking Sector ◽  
Knowledge Spillovers ◽  
Competitive Pressure ◽  
Worker Mobility ◽  
Content Type ◽  
Demonstration Effect

Purpose The purpose of this paper is to pinpoint key conduits promoting knowledge spillovers through inward foreign direct investment in the banking sector. Design/methodology/approach The data were obtained by a survey. The survey data were collected from managers of five major local banks in Korea. The survey was conducted during May 10-June 30, 2015 with a total of 581 self-administered responses finally collected at the end (response rate: 60.5 percent). Findings Based on the survey data collected from the survey, the results indicate that knowledge spillovers from foreign to local banks occur in the Korean context. Demonstration effect, worker mobility and absorptive capacity of local banks are found to be effective conduits for knowledge spillovers. In addition, the authors have also found that competitive pressure negatively influences worker mobility leading to knowledge spillovers while two other elements (i.e. demonstration effect and absorptive capacity) positively mediate the relationship between competitive pressure and knowledge spillovers. Practical implications It is essential for the managers of multinational banks vigorously consider placing a strong emphasis on security of internal information and management of own personnel as the knowledge outflow through the demonstration effect and worker mobility is critical. For the managers of local banks, the discoveries suggest that active investment in human resources to maximize knowledge spillovers through the demonstration effect and through absorptive capacity is heightened by building an internal knowledge base. Originality/value The study contributes to the extant literature in the field of international business in two key ways. First, it examines the knowledge spillovers in the banking sector, a regulated industry, in Korea where empirical research is sparse. This paper’s second contribution is the finding of the key conduits of knowledge spillover phenomena by predicting and identifying the elements which affect the magnitude of knowledge flows from foreign to local banks.

scholarly journals Financial Development and Economic Growth: Evidence from Nepal

2020 ◽  
Vol 32 (1) ◽  
pp. 15-36
Author(s):  
Ramesh C. Paudel ◽  
Chakra Pani Acharya
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Banking Sector ◽  
Time Series Data ◽  
Series Data ◽  
Distributed Lag ◽  
Domestic Credit ◽  
Good Policy

This paper aims to examine the role of financial development and economic growth in Nepal employing Autoregressive distributed lag (ARDL) approach of cointegration using time series data for the period from 1965 to 2018. Nepal is a unique country with big markets in the neighbors-India and China but remains as one of the poor landlocked developing countries, even being the earlier entrant in liberalization and reform. Nepal recently went through a substantial political transition and now the stable government is seeking substantial amount of foreign direct investment. In this background, it will be better, for a good policy analysis, to know how the financial activities have played the role in highly intended economic growth. We develop a model with five proxies of financial development (broad money, domestic credit to private sector, total credit from banking sector, capital formation, and foreign direct investment); and econometrically test their contribution in economic growth. Overall, the results suggest that financial development causes to economic growth substantially, except in the case of foreign direct investment. This result warns the policy makers to be more serious making investment friendly economy to attract the expected foreign direct investment.

Sign in / Sign up

Export Citation Format

Share Document