EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT
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 econom...
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Izdevnieciba “Baltija Publishing”
2020-12-01
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doaj-2a67e37a453d49b787f729341ab63f502021-04-06T14:49:10ZengIzdevnieciba “Baltija Publishing”Baltic Journal of Economic Studies2256-07422256-09632020-12-0163192310.30525/2256-0742/2020-6-3-19-23888EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENTHelga Kristjánsdóttir0Stefanía Óskarsdóttir1Faculty of Business Administration, University of Akureyri, IcelandFaculty of Political Science, University of Iceland, IcelandThe 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.http://baltijapublishing.lv/index.php/issue/article/view/888european unioneftairelandicelandglobal financial crisisinternational tradeforeign direct investment (fdi) |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Helga Kristjánsdóttir Stefanía Óskarsdóttir |
spellingShingle |
Helga Kristjánsdóttir Stefanía Óskarsdóttir EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT Baltic Journal of Economic Studies european union efta ireland iceland global financial crisis international trade foreign direct investment (fdi) |
author_facet |
Helga Kristjánsdóttir Stefanía Óskarsdóttir |
author_sort |
Helga Kristjánsdóttir |
title |
EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT |
title_short |
EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT |
title_full |
EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT |
title_fullStr |
EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT |
title_full_unstemmed |
EU-COUNTRY AND NON-EU-COUNTRY AT THE TIME OF CRISIS: FOREIGN DIRECT INVESTMENT |
title_sort |
eu-country and non-eu-country at the time of crisis: foreign direct investment |
publisher |
Izdevnieciba “Baltija Publishing” |
series |
Baltic Journal of Economic Studies |
issn |
2256-0742 2256-0963 |
publishDate |
2020-12-01 |
description |
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. |
topic |
european union efta ireland iceland global financial crisis international trade foreign direct investment (fdi) |
url |
http://baltijapublishing.lv/index.php/issue/article/view/888 |
work_keys_str_mv |
AT helgakristjansdottir eucountryandnoneucountryatthetimeofcrisisforeigndirectinvestment AT stefaniaoskarsdottir eucountryandnoneucountryatthetimeofcrisisforeigndirectinvestment |
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