Iva Raycheva
University of National and World Economy, Sofia, Bulgaria
DOI: https://doi.org/10.31410/eraz.2018.35
4th International Conference – ERAZ 2018 – KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia- Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Business Studies, Mediterranean University – Podgorica, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7
Abstract
The paper presents selected results from an empirical analysis of the interrelation between the regional level of economic development and foreign direct investment (FDI) stock in the regional economies for the period 2008-2016 in Bulgaria. Data from the regional statistics of the Bulgarian National Statistical Institute has been utilized. Panel data regression models have been estimated for this purpose using variables for the real regional Gross domestic product and a selection of determinants of the regional development. This way the models control for other variables in order to evaluate the net effects of the FDI influx on the level and growth of the regional labour productivity for the chosen period.
Key words
Foreign direct investment, regional growth, Bulgaria
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