fbpx

Edmira Cakrani – Canadian Institute of Technology, Rruga “Xhanfize Keko” Nr. 12, Tirana, Albania

Dimitrios A. Karras – Canadian Institute of Technology, Rruga “Xhanfize Keko” Nr. 12, Tirana, Albania

Gjergji Shqau – University ”Aleksander Xhuvani”, Ismail Zyma Street, Elbasan, Albania

Keywords:ย  ย  ย  ย  ย  ย  ย  ย  ย  ย  Sustainable Development
Goals;
Foreign Direct Investment;
Albania

DOI: https://doi.org/10.31410/ERAZ.S.P.2023.43

Abstract: Sustainable Development Goals were adopted by countries in 2016, as a way to fight poverty, protect the planet and ensure sustainable deยญvelopment, while Foreign Direct Investments are inflows of investments that are very important for host countries, especially those in development. They enable the transfer of technology, create new jobs, provide inflows of foreign currency, etc. Their impact on the economic development of the host counยญtries is very large and can also affect the realization of the SDGs.

The purpose of this article is to analyze the impact of FDI on some SDGs in Alยญbania. For this purpose, the ARDL model with data for the period 1999-2021 will be used. There are relatively few studies that have analyzed this relationยญship, and this article completes the existing literature on this topic. The results of the study can help in the design of policies regarding FDI that enhance rather than compromise the fulfillment of the SDGs.

9th International Scientific ERAZ Conference โ€“ ERAZ 2023 โ€“ Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid โ€“ online, virtually and in person, Prague, Czech Republic, June 1, 2023

ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy โ€“ UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance โ€“ Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2023 Selected Papers: ISBN 978-86-80194-73-8, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.ย 

Suggested citation

Cakrani E., Karras, D. A., & Shqau, G. (2023). Sustainable Development Goals and FDI โ€“ Case of Albania. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Selected Papers (pp. 43-50). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.S.P.2023.43

References

Apergis, N., Pinar, M., & Unlu, E. (2022). How do foreign direct investment flows affect carยญbon emissions in BRICS countries? Revisiting the pollution haven hypothesis using bilatยญeral FDI flows from OECD to BRICS countries. Environmental Science and Pollution Reยญsearch, 30(6), 14680-14692. https://doi.org/10.1007/s11356-022-23185-4

Cerdeiro, D., & Komaromi, A. (2017). The effect of trade on income and inequality: a cross-secยญtional approach. IMF Working Paper No. 2017/231. Retrieved from https://www.imf.org/en/Publications/WP/Issues/2017/11/07/Trade-and-Income-in-the-Long-Run-Are-There-Really-Gains-and-Are-They-Widely-Shared-45341

De Gregorio, J., & Guidotti, P. E. (1995). Financial development and economic growth. World Development, 23(3), 433-448. https://doi.org/10.1016/0305-750x(94)00132-i

Demena, B. A., & Afesorgbor, S. K. (2020). The effect of FDI on environmental emissions: Evidence from a meta-analysis. Energy Policy, 138, 111192. https://doi.org/10.1016/j. enpol.2019.111192

Demena, B. A., & van Bergeijk, P. A. G. (2019). Observing FDI spillover transmission channels: evidence from firms in Uganda. Third World Quarterly, 40(9), 1708-1729. https://doi.org/10.1080/01436597.2019.1596022

Herzer, D., Hรผhne, P., & Nunnenkamp, P. (2014). FDI and Income Inequalityโ€”Evidence from Latin American Economies. Review of Development Economics, 18(4), 778-793. https://doi.org/10.1111/rode.12118

Huang, Y., Chen, F., Wei, H., Xiang, J., Xu, Z., & Akram, R. (2022). The Impacts of FDI Inยญflows on Carbon Emissions: Economic Development and Regulatory Quality as Moderaยญtors. Frontiers in Energy Research, 9. https://doi.org/10.3389/fenrg.2021.820596

Kaulihowa, T., & Adjasi, C. (2018). FDI and income inequality in Africa. Oxford Development Studies, 46(2), 250-265. https://doi.org/10.1080/13600818.2017.1381233

Lee, C.-C., Lee, C.-C., & Cheng, C.-Y. (2022). The impact of FDI on income inequality: Eviยญdence from the perspective of financial development. International Journal of Finance & Economics, 27(1), 137-157. https://doi.org/10.1002/ijfe.2143

Nguyen, V. B. (2021). The difference in the FDI inflows – Income inequality relationship beยญtween developed and developing countries. The Journal of International Trade & Ecoยญnomic Development, 30(8), 1123-1137. https://doi.org/10.1080/09638199.2021.1925331

OECD. (2002). Foreign Direct Investment for Development: Maximising Benefits, Miniยญmising Costs. Retrieved from https://www.oecd.org/investment/investmentfordevelopยญment/1959815.pdf

Rezk, H., Amer, G., Fathi, N., & Sun, S. (2022). The impact of FDI on income inequality in Egypt. Economic Change and Restructuring, 55(3), 2011-2030. https://doi.org/10.1007/s10644-021-09375-zย 

Sylwester, K. (2005). Foreign direct investment, growth and income inequality in less develยญoped countries. International Review of Applied Economics, 19(3), 289-300. https://doi.org/10.1080/02692170500119748

Tsoy, L., & Heshmati, A. (2023). Is FDI inflow bad for environmental sustainability? Environยญment, Development and Sustainability. https://doi.org/10.1007/s10668-023-03844-3

UNCTAD. (2014). World Investment Report 2014 โ€“ Investing in the SDGs: An Action Plan. Reยญtrieved from https://unctad.org/system/files/official-document/wir2014_en.pdf

United Nations. (n.d.). https://sdgs.un.org/goals

United Nations. (2015). https://sdgs.un.org/2030agenda

Wang, W., Xu, T., Liu, X., & Sun, Y. (2023). FDI inflows and income inequality: A Schumยญpeterian economic growth. International Review of Economics & Finance, 83, 805-820. https://doi.org/10.1016/j.iref.2022.10.023

Wang, Y., & Huang, Y. (2022). Impact of Foreign Direct Investment on the Carbon Dioxide Emissions of East Asian Countries Based on a Panel ARDL Method. Frontiers in Enviยญronmental Science, 10. https://doi.org/10.3389/fenvs.2022.937837

Yuldashev, M., Khalikov, U., Nasriddinov, F., Ismailova, N., Kuldasheva, Z., & Ahmad, M. (2023). Impact of foreign direct investment on income inequality: Evidence from seยญlected Asian economies. PLOS ONE, 18(2), e0281870. https://doi.org/10.1371/journal.pone.0281870ย