CEU Electronic Theses and Dissertations, 2008
| Author | Bolganschi, Daniela |
|---|---|
| Title | Determinants of FDI Flows to Transition Economies: Evidence from Moldova |
| Summary | This paper investigates the determinants of FDI flow in Moldova and analyzes the potential of the country to attract foreign capital given the main findings on the determinants. The paper establishes that in the case of Moldova, high investment risk is largely responsible for the low level of FDI. Furthermore, the paper finds that the current package of laws adopted as a part of EU-Moldova Action Plan harmonized the legal framework, and implementation must replace the formalism of currently adopted strategies. Moreover, the poor government effectiveness, controversial legal framework and deficient infrastructure contributed significantly to the low levels of FDI into the country. The analysis enabled the identification of important determinants that reflect the risk of the investment climate; these factors could be addressed with greater political will and commitment in improving the country’s position in international rankings, on which foreign investors rely extensively. |
| Supervisor | Dimitrova-Grajzl, Valentina |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2008/bolganschi_daniela.pdf |
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