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EU-country and non-EU-country at the time of crisis : Foreign direct investment
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| Title: | EU-country and non-EU-country at the time of crisis : Foreign direct investment |
| Author: |
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| Date: | 2020 |
| Language: | English |
| Scope: | 5 |
| School: | School of Business and Science |
| Department: | Faculty of Political Science |
| Series: | BALTIC JOURNAL OF ECONOMIC STUDIES; 6(3) |
| ISSN: | 2256-0742 |
| DOI: | 10.30525/2256-0742/2020-6-3-19-23 |
| Subject: | Erlendar fjárfestingar; Bankahrunið 2008; European Union; EFTA; Ireland; Iceland; Global Financial Crisis; International Trade; Foreign Direct Investment (FDI); SDG 7 - Affordable and Clean Energy; SDG 10 - Reduced Inequalities; SDG 5 - Gender Equality; SDG 13 - Climate Action; SDG 6 - Clean Water and Sanitation; SDG 8 - Decent Work and Economic Growth; SDG 1 - No Poverty; SDG 9 - Industry, Innovation, and Infrastructure |
| URI: | https://hdl.handle.net/20.500.11815/2774 |
Citation:Kristjánsdóttir , H & Óskarsdóttir , S 2020 , ' EU-country and non-EU-country at the time of crisis : Foreign direct investment ' , BALTIC JOURNAL OF ECONOMIC STUDIES , vol. 6 , no. 3 , pp. 19-23 . https://doi.org/10.30525/2256-0742/2020-6-3-19-23
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Abstract:The global financial crisis affected the flows of foreign direct investment (FDI). This study focuses on two countries in the midst of the financial crisis: Iceland with IMF backup, and Ireland with ECB backup. The research focus is on the situation from the broad perspective of international economics and political atmosphere, combining government decisions with economic consequences. We analyze inward foreign direct investment, incorporating factors like economic size and stock market firms, receiving portfolio investment, rather than FDI. Our findings indicate that before the crisis the economic wealth in the domestic market to have positive effects on FDI, and firms receiving portfolio investment on the stock market are competing with FDI. This is the case for both Ireland and Iceland. However, after the crisis, these factors have insignificant impact on FDI.
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