Impact of foreign direct investments on Serbian industry

The empirical researches to date on the impact of foreign direct investments (FDI) on the host country were either focused on the overall macroeconomic impact of FDI on exports of the host country or have analyzed the direct contribution of foreign affiliations or looked for spillover effects. By us...

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Main Authors: Boljanović Srđan, Hadžić Miroljub
Format: Article
Language:English
Published: Economics institute, Belgrade 2017-01-01
Series:Industrija
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2017/0350-03731703039B.pdf
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author Boljanović Srđan
Hadžić Miroljub
author_facet Boljanović Srđan
Hadžić Miroljub
author_sort Boljanović Srđan
collection DOAJ
description The empirical researches to date on the impact of foreign direct investments (FDI) on the host country were either focused on the overall macroeconomic impact of FDI on exports of the host country or have analyzed the direct contribution of foreign affiliations or looked for spillover effects. By using a mixed model, the method of least squares (OLS) with fixed effects, in the paper has been proved that FDI had a positive effect on the growth of Serbian exports. FDI led to productivity growth in a large number of companies in the economy. At the same time the research conducted at the company level indicates the existence of horizontal and vertical spillover effects. FDI through vertical spillover effects had a positive effect on major suppliers while have led to significant displacement from the market of main competitors.
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spelling doaj.art-de46f531a25141999a7553c54a0c02d62022-12-22T01:22:28ZengEconomics institute, BelgradeIndustrija0350-03732334-85262017-01-01453396410.5937/industrija45-134650350-03731703039BImpact of foreign direct investments on Serbian industryBoljanović Srđan0Hadžić Miroljub1University Singidunum, Faculty of Business, BelgradeUniversity Singidunum, Faculty of Business, BelgradeThe empirical researches to date on the impact of foreign direct investments (FDI) on the host country were either focused on the overall macroeconomic impact of FDI on exports of the host country or have analyzed the direct contribution of foreign affiliations or looked for spillover effects. By using a mixed model, the method of least squares (OLS) with fixed effects, in the paper has been proved that FDI had a positive effect on the growth of Serbian exports. FDI led to productivity growth in a large number of companies in the economy. At the same time the research conducted at the company level indicates the existence of horizontal and vertical spillover effects. FDI through vertical spillover effects had a positive effect on major suppliers while have led to significant displacement from the market of main competitors.http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2017/0350-03731703039B.pdfforeign direct investmentsexportindustry
spellingShingle Boljanović Srđan
Hadžić Miroljub
Impact of foreign direct investments on Serbian industry
Industrija
foreign direct investments
export
industry
title Impact of foreign direct investments on Serbian industry
title_full Impact of foreign direct investments on Serbian industry
title_fullStr Impact of foreign direct investments on Serbian industry
title_full_unstemmed Impact of foreign direct investments on Serbian industry
title_short Impact of foreign direct investments on Serbian industry
title_sort impact of foreign direct investments on serbian industry
topic foreign direct investments
export
industry
url http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2017/0350-03731703039B.pdf
work_keys_str_mv AT boljanovicsrđan impactofforeigndirectinvestmentsonserbianindustry
AT hadzicmiroljub impactofforeigndirectinvestmentsonserbianindustry