Influence of foreign direct investment to export and gross domestic product of developing countries- specifics of Republic of Macedonia
Influence of foreign direct investment to export and gross domestic product of developing countries- specifics of Republic of Macedonia

Summary/Abstract: It is widely accepted that the foreign direct investments play important role in the economic growth of the developing countries. They provide capital and positively affect these countries by transferring new technologies, establishing quality human capital, promoting integration into the global markets and the international community. In these terms, it is to expect that the foreign direct investments would also largely contribute to the host countries gross domestic product and their exports. While our research of the Republic of Macedonia time series proves significant correlation between the foreign direct investments and the gross domestic product growth, the association between the foreign direct investments and the growth of the exports is weak. We indicate on several topics for further research that would help better understanding of these results and conclude that the country specifics require detailed research in a wider social context if we want to learn more about the role of the foreign direct investments and before suitable recommendations to the policy makers can be made.

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