Jakość instytucjonalna i jej wpływ na zagraniczne inwestycje bezpośrednie: przykład państw członkowskich Unii Europejskiej
DOI:
https://doi.org/10.18778/1508-2008.24.29Słowa kluczowe:
ZIB, instytucje, jakość instytucjonalna, hierarchiczna analiza skupień, państwa członkowskie Unii EuropejskiejAbstrakt
Celem artykułu jest ocena jakości instytucjonalnej w 28 państwach członkowskich UE oraz próba oceny zależności pomiędzy jakością instytucjonalną a poziomem napływu zagranicznych inwestycji bezpośrednich (ZIB). Opracowanie ma następującą strukturę. Po pierwsze, dokonaliśmy przeglądu badań poświęconych związkom między jakością instytucjonalną a atrakcyjnością inwestycyjną. Następnie omówiliśmy napływ ZIB do krajów UE i wybraliśmy zmienne diagnostyczne, które posłużyły za podstawę do dalszej analizy. W tym celu posłużyliśmy się miernikami Globalnego Indeksu Konkurencyjności. W kolejnym etapie wykorzystując rankingi i metody statystyczne podzieliliśmy państwa członkowskie UE na grupy o zbliżonym poziomie jakości instytucjonalnej. Następnie zbadaliśmy zależności między podobnymi do siebie grupami krajów oraz grupami państw uszeregowanych według wartości napływu ZIB jako % PKB.
Badanie wykazało, że państwa członkowskie UE różnią się wyraźnie pod względem jakości instytucjonalnej. Wyniki analiz statystycznych dały podstawę do pozytywnej weryfikacji hipotezy o pozytywnym związku między poziomem jakości instytucjonalnej a atrakcyjnością inwestycyjną.
Pobrania
Bibliografia
Abdella, A.B., Naghavi, N., Fah, B.C. (2017), The Effect of Corruption, Trade Openness and Political Stability on Foreign Direct Investment: Empirical Evidence from BRIC Countries, “International Journal of Advanced and Applied Sciences”, 5 (3), pp. 32–38, https://doi.org/10.21833/ijaas.2018.03.005
Google Scholar
DOI: https://doi.org/10.21833/ijaas.2018.03.005
Ade, M., Rossouw, J., Gwatidzo, T. (2021), The effect of tax harmonization in the Southern African Development Community on foreign direct investment, “Journal of Developing Areas”, 55 (1), https://doi.org/10.1353/jda.2021.0006
Google Scholar
DOI: https://doi.org/10.1353/jda.2021.0006
Aibai, A., Huang, X., Luo, Y., Peng, Y. (2019), Foreign Direct Investment, Institutional Quality and Financial Development along the Belt and Road: An Empirical Investigation, “Emerging Markets Finance and Trade”, 55 (14), pp. 3275–3294, https://doi.org/10.1080/1540496X.2018.1559139
Google Scholar
DOI: https://doi.org/10.1080/1540496X.2018.1559139
Alonso, J.A., Garcimartín, C. (2013), The Determinants of Institutional Quality. More on the Debate, “Journal of International Development”, 25 (2), pp. 206–226, https://doi.org/10.1002/jid.1710
Google Scholar
DOI: https://doi.org/10.1002/jid.1710
Aziz, O.G. (2018), Institutional quality and FDI inflows in Arab economies, “Finance Research Letters”, 25, pp. 111–123, https://doi.org/10.1016/j.frl.2017.10.026
Google Scholar
DOI: https://doi.org/10.1016/j.frl.2017.10.026
Bailey, N. (2018), Exploring the relationship between institutional factors and FDI attractiveness: A meta‑analytic review, “International Business Review”, 27 (1), pp. 139–148, https://doi.org/10.1016/j.ibusrev.2017.05.012
Google Scholar
DOI: https://doi.org/10.1016/j.ibusrev.2017.05.012
Bayar, Y., Alakbarov, N. (2016), Corruption and Foreign Direct Investment Inflows in Emerging Market Economies, “Ecoforum Journal”, 5 (2), pp. 303–308.
Google Scholar
Bellinger, N.M., Son, B. (2018), Political Parties and Foreign Direct Investment Inflows among Developing Countries, “Political Studies”, 67 (3), pp. 712–731, https://doi.org/10.1177/0032321718799015
Google Scholar
DOI: https://doi.org/10.1177/0032321718799015
Buchanan, B.G., Le, Q.V., Rishi, M. (2012), Foreign direct investment and institutional quality: Some empirical evidence, “International Review of Financial Analysis”, 21 (6), pp. 81–89, https://doi.org/10.1016/j.irfa.2011.10.001
Google Scholar
DOI: https://doi.org/10.1016/j.irfa.2011.10.001
Chanegriha, M., Stewart, C., Tsoukis, C. (2017), Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis, “Empirical Economics”, 52 (2), pp. 759–776, https://doi.org/10.1007/s00181-016-1097-1
Google Scholar
DOI: https://doi.org/10.1007/s00181-016-1097-1
Dellis, K., Sondermann, D., Vansteenkiste, I. (2017), Determinants of FDI inflows in advanced economies: Does the quality of economic structures matter?, “ECB Working Paper”, No. 2066.
Google Scholar
DOI: https://doi.org/10.2139/ssrn.2990996
Dorożyński, T., Dobrowolska, B., Kuna Marszałek, A. (2020), Institutional Quality in Central and East European Countries and Its Impact on FDI Inflow, “Entrepreneurial Business and Economics Review”, 8 (1), pp. 91–110, https://doi.org/10.15678/EBER.2020.080105
Google Scholar
DOI: https://doi.org/10.15678/EBER.2020.080105
Dumludag, D. (2009), An analysis of the determinants of foreign direct investment in Turkey: The role of the institutional context, “Journal of Business Economics and Management”, 10 (1), pp. 15–30, https://doi.org/10.3846/1611-1699.2009.10.15-30
Google Scholar
DOI: https://doi.org/10.3846/1611-1699.2009.10.15-30
Dunning, J.H. (1980), Toward an Eclectic Theory of International Production: Some Empirical Tests, “Journal of International Business Studies”, 11 (1), pp. 9–31. https://doi.org/10.1057/palgrave.jibs.8490593
Google Scholar
DOI: https://doi.org/10.1057/palgrave.jibs.8490593
Essien, J., Barikui, T., Abuba, S., Igbara, F. (2015), The Impact of National Security on Foreign Direct Investment (FDI) in Nigeria, “IOSR Journal of Business and Management”, 17 (5), pp. 69–74.
Google Scholar
Grabowski, R., Self, S. (2020), What factors influence the quality of governance institutions? An Asian perspective, “Journal of Asian Economics”, 70, https://doi.org/10.1016/j.asieco.2020.101238
Google Scholar
DOI: https://doi.org/10.1016/j.asieco.2020.101238
Hammami, S. (2019), Foreign direct investment inflows, intellectual property rights and economic freedom: Empirical evidence from middle- and low-income countries, “African Journal of Science, Technology, Innovation and Development”, 11 (7), pp. 861–871, https://doi.org/10.1080/20421338.2019.1587909
Google Scholar
DOI: https://doi.org/10.1080/20421338.2019.1587909
Jabri, A., Brahim, M. (2015), Institutional Determinants of Foreign Direct Investment in MENA Region: Panel Co-Integration Analysis, “Journal of Applied Business Research”, 31 (5), pp. 2001–2012, https://doi.org/10.19030/jabr.v31i5.9417
Google Scholar
DOI: https://doi.org/10.19030/jabr.v31i5.9417
James, G., Witten, D., Hastie, T., Tibshirani, R. (2014), An Introduction to Statistical Learning with Applications in R, Springer, New York–Heidelberg–Dordrecht–London, https://doi.org/10.1007/978-1-4614-7138-7
Google Scholar
DOI: https://doi.org/10.1007/978-1-4614-7138-7
Jurčić, L., Franc, S., Barišić, A. (2020), Impact of Institutional Quality on Foreign Direct Investment Inflow: Evidence from Croatia, “Business Systems Research”, 11 (1), pp. 44–58, https://doi.org/10.2478/bsrj-2020-0004
Google Scholar
DOI: https://doi.org/10.2478/bsrj-2020-0004
Kunčič, A. (2014), Institutional quality dataset, “Journal of Institutional Economics”, 10 (1), pp. 135–161, https://doi.org/10.1017/S1744137413000192
Google Scholar
DOI: https://doi.org/10.1017/S1744137413000192
Kurul, Z., Yalta, A.Y. (2017), Relationship between Institutional Factors and FDI Flows in Developing Countries: New Evidence from Dynamic Panel Estimation, “Economies”, 5 (2), https://doi.org/10.3390/economies5020017
Google Scholar
DOI: https://doi.org/10.3390/economies5020017
Lasek, M. (2002), Data mining. Zastosowania w analizach i ocenach klientów bankowych, Biblioteka Menedżera i Bankowca, Warszawa.
Google Scholar
Lehne, J., Mo, J., Plekhanov, A. (2014), What determines the quality of economic institutions? Cross-country evidence, “European Bank for Reconstruction and Development Working Paper”, No. 171, https://doi.org/10.2139/ssrn.3121122
Google Scholar
DOI: https://doi.org/10.2139/ssrn.3121122
Madani, S., Nobakht, M. (2014), Political Regimes and FDI Inflows: Empirical Evidence from Upper Middle Income Countries, “Journal of Finance and Economics”, 2 (3), pp. 75–82, https://doi.org/10.12691/jfe-2-3-4
Google Scholar
DOI: https://doi.org/10.12691/jfe-2-3-4
Madr, M., Kouba, L. (2015), Does the Political Environment Affect Inflows of Foreign Direct Investment? Evidence from Emerging Markets, “Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis”, 63 (6), pp. 2017–2026, https://doi.org/10.11118/201563062017
Google Scholar
DOI: https://doi.org/10.11118/actaun201563062017
Miningou, E.W., Tapsoba, S.J. (2017), Education Systems and Foreign Direct Investment: Does External Efficiency Matter?, “IMF Working Paper”, no. WP/17/79, https://doi.org/10.5089/9781475590234.001
Google Scholar
DOI: https://doi.org/10.5089/9781475590234.001
Moon, Ch. (2019), Political institutions and FDI inflows in autocratic countries, “Democratization”, 26 (7), pp. 1256–1277.
Google Scholar
DOI: https://doi.org/10.1080/13510347.2019.1627520
Nielsen, B.B., Asmussen, C.G., Weatherall, C. (2017), The Location Choice of Foreign Direct Investments: Empirical Evidence and Methodological Challenges, “Journal of World Business”, 52 (1), pp. 62–82, https://doi.org/10.1016/j.jwb.2016.10.006
Google Scholar
DOI: https://doi.org/10.1016/j.jwb.2016.10.006
O’Meara, G. (2015), Examining the Determinants of Foreign Direct Investment, “Undergraduate Economic Review”, 11 (1), https://digitalcommons.iwu.edu/uer/vol11/iss1/13/ (accessed: 1.12.2020).
Google Scholar
Peres, M., Ameer, W., Xu, H. (2018), The impact of institutional quality on foreign direct investment inflows: evidence for developed and developing countries, “Economic Research – Ekonomska Istraživanja”, 31 (1), pp. 626–644, https://doi.org/10.1080/1331677X.2018.1438906
Google Scholar
DOI: https://doi.org/10.1080/1331677X.2018.1438906
Rodriguez-Pose, A. (2013), Do Institutions Matter for Regional Development?, “Regional Studies”, 47 (7), pp. 1034–1047. https://doi.org/10.1080/00343404.2012.748978
Google Scholar
DOI: https://doi.org/10.1080/00343404.2012.748978
Sabir, S., Rafique, A., Abbas, K. (2019), Institutions and FDI: evidence from developed and developing countries, “Financial Innovation”, 5 (1), pp. 1–20. https://doi.org/10.1186/s40854-019-0123-7
Google Scholar
DOI: https://doi.org/10.1186/s40854-019-0123-7
Sedik, W.M. (2012), The Impact of Country Risk and New Institutional Economics on Foreign Direct Investment: A Panel Data Analysis for Middle East and North Africa Region, The 16th Meeting of the International Society for New Institutional Economics, University of Southern California, Los Angeles.
Google Scholar
Seyoum, B., Manyak, T.G. (2009), The impact of public and private sector transparency on foreign direct investment in developing countries, “Critical Perspectives on International Business”, 5 (3), pp. 187–206, https://doi.org/10.1108/17422040910974686
Google Scholar
DOI: https://doi.org/10.1108/17422040910974686
Stachowiak, K. (2007), Instytucjonalne uwarunkowania bezpośrednich inwestycji zagranicznych w Polsce, Bogucki Wydawnictwo Naukowe, Poznań.
Google Scholar
Subasat, T., Bellos, S. (2011), Economic freedom and foreign direct investment in Latin America: a panel gravity model approach, “Economics Bulletin”, 31 (3), pp. 151–156, https://doi.org/10.5539/jms.v3n4p151
Google Scholar
DOI: https://doi.org/10.5539/jms.v3n4p151
Tan, P.N., Steinbach, M., Kumar, V. (2006), Introduction to Data Mining, Pearson Addison-Wesley, Boston.
Google Scholar
Tun, Y.-L., Azman-Saini, W., Law, S.-H. (2012), International evidence on the link between foreign direct investment and institutional quality, “Engineering Economics”, 23 (4), pp. 379–386, https://doi.org/10.5755/j01.ee.23.4.2569
Google Scholar
DOI: https://doi.org/10.5755/j01.ee.23.4.2569
Türedi, S. (2018), The effect of corruption and country risk on FDI inflows: empirical evidence from developing countries, “International Journal of Economic & Administrative Studies”, 21, pp. 151–172, https://doi.org/10.18092/ulikidince.370653
Google Scholar
DOI: https://doi.org/10.18092/ulikidince.370653
Ullah, I., Khan, M.A. (2017), Institutional quality and foreign direct investment inflows: evidence from Asian countries, “Journal of Economic Studies”, 44 (6), pp. 1030–1050, https://doi.org/10.1108/JES-10-2016-0215
Google Scholar
DOI: https://doi.org/10.1108/JES-10-2016-0215
UNCTAD (2019), World Investment Report, Geneva.
Google Scholar
Walsh, J.P., Yu, J. (2010), Determinants of Foreign Direct Investment: A Sectoral and Institutional Approach, “IMF Working Paper: Asia Pacific Department”, no. WP/10/187, https://doi.org/10.5089/9781455202218.001
Google Scholar
DOI: https://doi.org/10.5089/9781455202218.001
Yeboua, K. (2020), Foreign Direct Investment and Economic Growth in Africa: New Empirical Approach on the Role of Institutional Development, “Journal of African Business”, 22 (3), pp. 361–378, https://doi.org/10.1080/15228916.2020.1770040
Google Scholar
DOI: https://doi.org/10.1080/15228916.2020.1770040
Pobrania
Opublikowane
Jak cytować
Numer
Dział
Licencja
Utwór dostępny jest na licencji Creative Commons Uznanie autorstwa – Użycie niekomercyjne – Bez utworów zależnych 4.0 Międzynarodowe.