FOREIGN DIRECT INVESTMENT IN SLOVAK REGIONS AND THEIR IMPACT ON REGIONAL ECONOMIC GROWTH

Authors

  • Jana Sochulakova Alexander Dubcek University of Trencin
  • Maria Igazova Alexander Dubcek University of Trencin

DOI:

https://doi.org/10.5755/j01.em.18.3.4250

Keywords:

Foreign direct investment, foreign developer investor, multinational company, political stability, economic stability

Abstract

Competitiveness in the field of gaining new Foreign Direct Investment (FDI) and keeping the existing foreign developers, investors in the country has become an inseparable part of the national policy aiming at increasing the competitiveness of national economies. The increasing effectiveness of the Slovak economy is closely linked to an increase in FDI, that is a direct accelerator for the economic growth and regional development but on the other hand FDI may result in regional disparities within the national economy.

Since the time FDI entered the Slovak economy it has not been allocated equally. The paper discusses FDI allocation in different Slovak regions and its impact on economic growth in regions. Applying correlation analysis the correlation between the selected macro economic indicators (GDP, unemployment rate) and FDI in Slovakia and in Trenčín Region are quantified in the paper.

DOI: http://dx.doi.org/10.5755/j01.em.18.3.4250

Published

2013-10-25

Issue

Section

Competitiveness of Nations in Global Economy