Връзка между преки чужденстранни инвестиции и основен лихвен процент в контекст на демократизацията: на примера на Западните Балкани
The Correlation Between the Foreign Direct Investments and Key Interest Rate in the Context of the Democratization: The Case Study of the Western Balkans

Author(s): Galya Mancheva
Subject(s): Politics / Political Sciences, Political Sciences
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Pearson Correlation; Democratization; Foreign Direct Investment; Key Interest Rate; Western Balkans
Summary/Abstract: The present study aims at tracing the correlation between the foreign direct investments (FDI) and the key interest rates (KIR) in the context of the democratization process in the Western Balkans. Bivariate Pearson correlation was used to track whether: (1) there is a statistically significant linear relationship between three continuous random variables – foreign direct investment, key interest rate and democratic rating; (2) the strength of the linear relationship between these variables; and (3) the direction of this relationship. The study included the countries of the Republic of Albania, the Re public of Serbia, the Republic of Northern Macedonia, the Republic of Montenegro and the Federation of Bosnia and Herzegovina. A 10–year period is covered, namely between 2010 and 2019. After the analysis, it was found that the democratization processes in the countries included in the study do not affect their economic growth.

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