The Impact of the COVID-19 Pandemic on the Evolution of Investment Markets in Central and Eastern Europe Cover Image

The Impact of the COVID-19 Pandemic on the Evolution of Investment Markets in Central and Eastern Europe
The Impact of the COVID-19 Pandemic on the Evolution of Investment Markets in Central and Eastern Europe

Author(s): Aleksy Kwilinski, Rafał RĘBILAS, Dmytro Lazarenko, Nadiia Stezhko, Henryk Dźwigoł
Subject(s): Economic policy, Health and medicine and law, Financial Markets
Published by: Wydawnictwo Naukowe Akademii WSB
Keywords: investment; COVID-19; financial imbalances; Central and Eastern Europe;

Summary/Abstract: The COVID-19 pandemic profoundly affected the econo-mies of Central and Eastern Europe, particularly invest-ment activities. Said impact varied, with some countries maintaining or boosting their investment attractiveness, while others suffered drastically. Understanding these dynamics is vital due to the key role of investment in eco-nomic growth, job creation, and competitiveness. The literature review highlights gaps in understanding the pandemic’s impact on investment in Central and Eastern Europe. These gaps include limited analysis of sector-spe-cific investment market transformations, the inadequate assessment of the pandemic’s inf luence on investment be-haviours, and insufficient research on effective measures to enhance investment activity. This study aims to evalu-ate the effect of the COVID-19 pandemic on investment attractiveness and enterprise activities in Central and Eastern European countries. Utilising methods such as dialectical scientific cognition, system and statistical anal-ysis, and regression analysis (examining the relationship between FDI and GDP), the research uncovers imbalances in investment activity due to the pandemic. It identifies a direct correlation between GDP and investment volumes and examines sectoral disproportions and national/re-gional investment peculiarities. The study delves into the pandemic-induced shift in investor orientation and cau-tion, as well as the effects of subsequent COVID-19 waves and macroeconomic policies on investment and economic growth. It addresses how the pandemic exacerbated in-come inequality and social tensions, inf luencing invest-ment stability and decisions. In conclusion, the pandemic prompted cautious investment behaviour and a partial investor reorientation. Future research should investigate the detailed impact of the pandemic on the investment attractiveness of specific Central and Eastern European countries, providing a deeper understanding of how the pandemic affected investment market transformations and investor decisions

  • Issue Year: 11/2023
  • Issue No: 4
  • Page Range: 157-186
  • Page Count: 30
  • Language: English
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