PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2022 | 10 | nr 2 | 153--172
Tytuł artykułu

The Investment Attractiveness of Countries: Coupling between Core Dimensions

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Ongoing economic development provokes the intensification of competition on the global market, requiring developing countries to offer affordable conditions for attracting new labour and financial resources. At the same time, foreign investors and skilled labour forces focus on countries with a high level of investment attractiveness. The paper aims to estimate the coordination and degree of coupling between the dimensions of investment attractiveness, defining the internal and external dimensions of investment attractiveness in order to do so. The internal dimensions included five groups of indicators: socio-economic, infrastructural, innovation/research, energy resources, and agricultural dimensions. Based on entropy methods, the authors developed an approach to assessing the degree of coupling between the core dimensions of investment attractiveness. The countries which were the subjects of the investigation for the period of 2000- 2020 were Bulgaria, Croatia, Lithuania, Latvia, Romania, Poland, and Ukraine. The analysed data was obtained from the World Data Bank. The findings showed that Bulgaria, Croatia, Lithuania, Latvia, and Romania had the highest degree of coupling of integrated investment attractiveness in 2018-2020, Poland in 2018, and Ukraine in 2008. The results of pairwise and integrated assessment of coordination and interconnection between the core dimensions of investment attractiveness allowed for the identification of both positive and negative trends in the change thereof, justifying the governmental policy of increasing investment attractiveness. (original abstract)
Rocznik
Tom
10
Numer
Strony
153--172
Opis fizyczny
Twórcy
  • ProCredit Bank, Ukraine
  • Sumy State University, Ukraine
  • Sumy State University, Ukraine
Bibliografia
  • Akimov, O., Karpa, M., Parkhomenko-Kutsevil, O., Kupriichuk, V., Omarov, A. (2021), Entrepreneurship education of the formation of the e-commerce managers professional qualities, International Journal of Entrepreneurship, 25(7), 1-8.
  • Akimov, O., Troschinsky, V., Karpa, M., Ventsel, V., Akimova, L. (2020), International experience of public administration in the area of national security, Journal of Legal, Ethical and Regulatory Issues, 23(3), 1-7.
  • Akinwale, S. O., Adekunle, E. O., Obagunwa, T. B. (2018), Foreign direct investment inflow and agricultural sector productivity in Nigeria, Journal of Economics and Finance, 9(4), 12-19.
  • Alam, K. M., Li, X., Baig, S., Ghanem, O., Hanif, S. (2021), Causality between transportation infrastructure and economic development in Pakistan: An ARDL analysis, Research in Transportation Economics, 88, 100974. https://doi.org/10.1016/j.retrec.2020.100974
  • Alrakhman, D., Susetyo, D. (2022), Effect of Unemployment Rate, Inequality and Investment Against Economic Growth on The Island of Sumatra, 7th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2021) (pp. 49-57), Atlantis Press. https://doi.org/10.2991/aebmr.k.220304.007
  • Banday, U. J., Murugan, S., Maryam, J. (2021), Foreign direct investment, trade openness and economic growth in BRICS countries: Evidences from panel data, Transnational Corporations Review, 13(2), 211-221. 10.1080/19186444.2020.1851162
  • Bilan, Y., Tiutiunyk, I., Lyeonov, S., Vasylieva, T. (2020), Shadow economy and economic development: A panel cointegration and causality analysis, International Journal of Economic Policy in Emerging Economies, 13(2), 173-193. http://doi.org/10.1504/IJEPEE.2020.107929
  • Bondarenko, A. F., Zakharkina, L. S., Syhyda, L. O., Saher, L. Y. (2020), The economic and marketing attractiveness of countries: Measurement and positioning in terms of economic security, International Journal of Sustainable Development and Planning, 15(4), 439-449. http://doi.org/10.18280/ijsdp.150404
  • Bruneckiene, J., Jucevicius, R., Zykiene, I., Rapsikevicius, J., Lukauskas, M. (2019), Assessment of investment attractiveness in European countries by artificial neural networks: What competences are needed to make a decision on collective well-being?, Sustainability, 11(24). doi:10.3390/su11246892
  • Chauke, R., & Ncanywa, T. (2021), Infrastructure development and economic complexity in South Africa Running title: Can infrastructure development influence economic complexity?, Technium Social Sciences Journal, 26(1), 488-501. https://doi.org/10.47577/tssj.v26i1.5166
  • Cheng, X., Long, R., Chen, H., Li, Q. (2019), Coupling coordination degree and spatial dynamic evolution of a regional green competitiveness system-A case study from China, Ecological indicators, 104, 489-500. https://doi.org/10.1016/j.ecolind.2019.04.003
  • Christiansen, H. (2004), ODA and investment for development: What guidance can be drawn from investment climate scoreboards? Working Papers on International Investment, No. 2004/5, OECD
  • Chrzonstowski, A. (2021), Assessment of investment attractiveness of the country due to labor costs, Bank i Kredyt, 52(1), 37-76.
  • Chygryn, O., Krasniak, V. (2015), Theoretical and applied aspects of the development of environmental investment in Ukraine, Marketing and management of innovations, 3, 226-234.
  • Chygryn, O., Petrushenko, Y., Vysochyna, A., Vorontsova, A. (2018), Assessment of fiscal decentralisation influence on social and economic development, Montenegrin Journal of Economics, 14(4), 69-84. http://doi.org/10.14254/1800-5845/2018.14-4.5
  • Czyżewski, B., Polcyn, J., Brelik, A. (2022), Political orientations, economic policies, and environmental quality: Multi-valued treatment effects analysis with spatial spillovers in country districts of Poland, Environmental Science and Policy, 128, 1-13. http://doi.org/10.1016/j.envsci.2021.11.001
  • Dimian, G. C., Danciu, A. (2011), National and Regional Competitiveness in the Crisis Context. Successful Examples, Theoretical and Applied Economics, 18(11), 67-78.
  • Ding L., Zhao W. T., Huang Y. L., Cheng S.G., Liu C. (2015), Research on the Coupling Coordination Relationship between Urbanization and the Air Environment: A Case Study of the Area of Wuhan, Atmosphere, 6, 1539-1558.
  • Dong, S., Zheng, J., Li, Y. Li Y., Li, Z., Fujia Li, Jin, L., Yang, Y., Bilgaev, A. (2019), Quantitative Analysis of the Coupling Coordination Degree Between Urbanization and Eco-environment in Mongolia, Chinese Geographical Science, 29, 861-871 https://doi.org/10.1007/s11769-019-1074-7
  • Dorozyński, T., Kuna-Marszałek, A. (2016), Investments attractiveness. The case of the Visegrad group countries, Comparative Economic Research, 19(1), 119-140. doi:10.1515/cer-2016-0007
  • Formankova, S., Trenz, O., Faldik, O., Kolomaznik, J., Vanek, P. (2018), The future of investing-sustainable and responsible investing, Marketing and Management of Innovations, 2, 94-102. http://doi.org/10.21272/mmi.2018.2-08
  • Fu, F. Y., Alharthi, M., Bhatti, Z., Sun, L., Rasul, F., Hanif, I., Iqbal, W. (2021), The dynamic role of energy security, energy equity and environmental sustainability in the dilemma of emission reduction and economic growth, Journal of Environmental Management, 280, 111828. https://doi.org/10.1016/j.jenvman.2020.111828
  • Gan, L., Shi, H., Hu, Y., Lev, B., Lan, H. (2020), Coupling coordination degree for urbanisation city-industry integration level: Sichuan case, Sustainable Cities and Society, 58, 102136. https://doi.org/10.1016/j.scs.2020.102136
  • Kaya, H. D., Kwok, J. S. (2020), An Application of Stock-Trak in 'Investments': What Common Mistakes Do Students Make While Studying Socio-economic Processes?, SocioEconomic Challenges, 4(1), 5-16. http://doi.org/10.21272/sec.4(1).5-16.2020.
  • Harust, Yu., Melnyk, V. (2019), Economic Security of the Country: Marketing, Institutional and Political Determinants, Marketing and Management of Innovations, 4, 373-382. http://doi.org/10.21272/mmi.2019.4-29
  • Hildebrandt, A., Nowicki, M., Susmarski P., Tarkowski, M., Wandałowski M. (2013), The Investment Attractiveness of the Regions and the sub-regions of Poland 2013, in: M. Nowicki (Ed.), Gdańsk: The Gdańsk Institute for Market Economics.
  • Holobiuc, A.-M. (2021), Determinants of economic growth in the European Union. An empirical analysis of conditional convergence, SocioEconomic Challenges, 5(2), 26-34. https://doi.org/10.21272/sec.5(2).26-34.2021
  • Hrechyshkina, O., Samakhavets, M. (2018), Importance of Foreign Direct Investment in Financing for Innovative Development of the Republic of Belarus, Marketing and Management of Innovations, 4, 339-348. http://doi.org/10.21272/mmi.2018.4-29
  • Huang, J., Shen, J., Miao, L. (2020), Carbon Emissions Trading and Sustainable Development in China: Empirical Analysis Based on the Coupling Coordination Degree Model, International Journal of Environmental Research and Public Health, 18(1), 89. http://dx.doi.org/10.3390/ijerph18010089
  • Rashid, I. M. A., Razak, N. A. A. (2017), Economic determinants of Foreign Direct Investment (FDI) in agriculture sector based on selected developing OIC countries: an empirical study on the provincial panel data by using Stata, 2003-2012. Jurnal Intelek, 12(1), 6-11. https://doi.org/10.24191/ji.v12i1.8650
  • Rashid, I. M. A., Jieh, Y. S., Samah, I. H. A., Basri, H. H. (2017), Impact of Inflation and Exchange Rate towards Foreign Direct Investment (FDI) in Construction Sector in Malaysia: An Empirical study on the cross-sectional data by using EViews, 1992 2012, Jurnal Intelek, 12(1), 79-84.
  • Jantoń-Drozdowska, E., Majewska, M. (2016), Investment Attractiveness of Central and Eastern European Countries in the Light of New Locational Advantages Development. Equilibrium. Quarterly Journal of Economics and Economic Policy, 11(1), 97-119. http://dx.doi.org/10.12775/ EQUIL.2016.005
  • Jiang, X., Chen, Y. (2020), The Potential of Absorbing Foreign Agricultural Investment to Improve Food Security in Developing Countries, Sustainability, 12(6), 2481. https://doi.org/10.3390/su12062481
  • Kuzmenko, O., Vasylieva, T., Vojtovič, S., Chygryn, O., Snieška, V. (2020), Why do regions differ in vulnerability to сovid-19? spatial nonlinear modeling of social and economic patterns, Economics and Sociology, 13(4), 318-340. DOI:10.14254/2071-789X.2020/13-4/20
  • Kwilinski, A., Dielini, M., Mazuryk, O., Filippov, V., Kitseliuk, V. (2020), System constructs for the investment security of a country, Journal of Security and Sustainability Issues, 10(1), 345-358. http://doi.org/10.9770/jssi.2020.10.1(25)
  • Kwilinski, A., Dzwigol, H., Dementyev, V. (2020), Model of entrepreneurship financial activity of the transnational company based on intellectual technology, International Journal of Entrepreneurship, 24(1), 1-5.
  • Kwilinski, A., Volynets, R., Berdnik, I., Holovko, M., Berzin, P. (2019), E commerce: Concept and legal regulation in modern economic conditions, Journal of Legal, Ethical and Regulatory Issues, 22(2).
  • Lee, K. H. (2016), The conceptualization of country attractiveness: a review of research, International Review of Administrative Sciences, 82(4), 807-826. https://doi.org/10.1177/0020852314566002
  • Leonov, S. V., Vasylieva, T. A., Tsyganyuk, D. L. (2012), Formalisation of functional limitations in functioning of co-investment funds basing on comparative analysis of financial markets within FM CEEC, Actual Problems of Economics, 134(8), 75-85
  • Leonov, S., Frolov, S., Plastun, V. (2014), Potential of institutional investors and stock market development as an alternative to households' savings allocation in banks, Economic Annals-XXI, 11-12, 65-68.
  • Leonov, S., Yarovenko, H., Boiko, A., Dotsenko, T. (2019), Information system for monitoring banking transactions related to money laundering, CEUR Workshop Proceedings, 2422, 297-307.
  • Lestari, N. K. S., Marhaeni, A. A. I. N., Yasa, I. G. W. M. (2021), Does Human Development Index (HDI), Investment, and Unemployment Effects on Economic Growth and Poverty Levels? (A Case Study in Bali), American Journal of Humanities and Social Sciences Research (AJHSSR), 5(2), 416-426.
  • Levchenko, V., Boyko, A., Bozhenko, V., Mynenko, S. (2019), Money laundering risk in developing and transitive economies: Analysis of cyclic component of time series, Business: Theory and Practice, 20, 492-508. http://doi.org/10.3846/btp.2019.46
  • Li, Y., Zhou, Y. (2012), Investigation of a coupling model of coordination between urbanisation and the environment, Journal of Environmental Management, 98(1), 127-133. https://doi.org/10.1016/j.jenvman.2011.12.025
  • Lien, N. T. K. (2021), The Effect of Trade Openness on Foreign Direct Investment in Vietnam, The Journal of Asian Finance, Economics and Business, 8(3), 111-118. https://doi.org/10.13106/JAFEB.2021.VOL8.NO3.0111
  • Lienberherr K. J. (1989), Formulations and benefits of the law of Demeter, ACM SIGPLAN Notices, 24(3), 67-78.
  • Lyeonov, S., Bilan, S., Yarovenko, H., Ostasz, G., Kolotilina, O. (2021), Country's health profile: Social, economic, behavioral and healthcare determinants, Economics and Sociology, 14(3), 322-340. http://doi.org/10.14254/2071-789X.2021/14-3/17
  • Mihaylova, S. (2020), Foreign direct investment attractiveness of Central, Eastern, and Southeastern European countries: The importance of policy-related location advantages, Croatian Economic Survey, 22(1), 65-101. DOI:10.15179/ces.22.1.3
  • Nepal, R., Paija, N., Tyagi, B., Harvie, C. (2021), Energy security, economic growth and environmental sustainability in India: Does FDI and trade openness play a role?, Journal of Environmental Management, 281, 111886. DOI: 10.1016/j.jenvman.2020.111886
  • Novikov, V. V. (2021), Digitalisation of Economy and Education: Path to Business Leadership and National Security, Business Ethics and Leadership, 5(2), 147-155. https://doi.org/10.21272/bel.5(2).147-155.2021
  • Pan, F., Zhang, Z., Xie, J. (2019), Investment attractiveness evaluation on international markets for Shengli Oilfield, IOP Conference Series: Materials Science and Engineering, 612(4). DOI:10.1088/1757-899X/612/4/042072
  • Rahman, M.K., Hassan, A. (2021), Tourism as an Element for Economic Growth in Bangladesh: Investment Analysis for Product and Service Development, in: A. Hassan (Eds), Tourism in Bangladesh: Investment and Development Perspectives, Singapore: Springer. https://doi.org/10.1007/978-981-16-1858-1_6
  • Rathnayaka Mudiyanselage, M. M., Epuran, G., Tescașiu, B. (2021), Causal Links between Trade Openness and Foreign Direct Investment in Romania, Journal of Risk and Financial Management, 14(3), 90. http://dx.doi.org/10.3390/jrfm14030090
  • Samusevych, Y. V., Novikov, V. V., Artyukhov, A. Y., Vasylieva, T. A. (2021), Convergence trends in the "economy - education - digitalisation - national security" chain, Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, (6), 177-183. http://doi.org/10.33271/NVNGU/2021-6/177
  • Santangelo, G. D. (2018), The impact of FDI in land in agriculture in developing countries on host country food security, Journal of World Business, 53(1), 75-84. https://doi.org/10.1016/j.jwb.2017.07.006
  • Saturwa, H. N., Ahmad, A. A. (2015), Determinants of foreign direct investment in Indonesia post the implementation of the 2015 ASEAN economic community, South East Asia Journal of Contemporary Business, Economics and Law, 4(5), 154-161.
  • Sau-Wai Law. (2021), Financial Inclusion and Virtual Bank in the Era of Digitalisation: A Regulatory Case Study in Hong Kong, SocioEconomic Challenges, 5(3), 81-91. https://doi.org/10.21272/sec.5(3).81-91.2021
  • Shi, T., Yang, S., Zhang, W., Zhou, Q. (2019), Coupling coordination degree measurement and spatiotemporal heterogeneity between economic development and ecological environment - Empirical evidence from tropical and subtropical regions of China, Journal of Cleaner Production, 244, 118739. https://doi.org/10.1016/j.jclepro.2019.118739
  • Skrynnyk, O. (2021), Analysis of Corporate Investment Behaviour in Digital Technologies for Organisational Development Purposes, Financial Markets, Institutions and Risks, 5(3), 79-86. https://doi.org/10.21272/fmir.5(3).79-86.2021
  • Smiianov, V. A., Vasilyeva, T. A., Chygryn, O. Y., Rubanov, P. M., Mayboroda, T. M. (2020), Socio-economic patterns of labor market functioning in the public health: challenges connected with COVID-19, Wiadomosci Lekarskie, 73(10), 2181-2187.
  • The Sustainable Competitiveness Report (10th edition) (2021), retrieved from: https://solability.com/the-global-sustainable-competitiveness-index/downloads/ (accessed 23 March 2022)
  • Tiutiunyk, I., Drabek, J., Antoniuk, N., Navickas, V., Rubanov, P. (2021), The impact of digital transformation on macroeconomic stability: Evidence from EU countries, Journal of International Studies, 14(3), 220-234. http://doi.org/10.14254/2071-8330.2021/14-3/14
  • Tiutiunyk, I., Kobushko, I., Ivaniy, O., Flaumer, A. (2019), Innovations in the Management of Tax Gaps in the Economy: Foreign Economic Component, Marketing and Management of Innovations, 3, 112-125. http://doi.org/10.21272/mmi.2019.3-09
  • Toyin, O. W., Oludayol, Ad., E. (2020), Dynamic Effects of Foreign Portfolio Investment on Economic Growth in Nigeria, Financial Markets, Institutions and Risks, 4(3), 5-12. https://doi.org/10.21272/fmir.4(3).5-12.2020
  • Usmani, G., Akram, V., Praveen, B. (2021), Tourist arrivals, international tourist expenditure, and economic growth in BRIC countries, Journal of Public Affairs, 21(2), e2202. https://doi.org/10.1002/pa.2202
  • Vasilyeva, T., Sysoyeva, L., Vysochyna, A. (2016), Formalisation of factors that are affecting stability of Ukraine banking system, Risk Governance and Control, Financial Markets and Institutions, 6(4), 7-11. http://doi.org/10.22495/rcgv6i4art1
  • Vorontsova, A., Vasylieva, T., Bilan, Y., Ostasz, G., Mayboroda, T. (2020), The influence of state regulation of education for achieving the sustainable development goals: Case study of Central and Eastern European countries, Administratie Si Management Public, 2020(34), 6-26. http://doi.org/10.24818/amp/2020.34-01
  • Wardhani, F. S., Haryanto, T. (2020), Foreign Direct Investment in Agriculture and Food Security in Developing Countries, Contemporary Economics, 14(4), 510-521. DOI:10.5709/ce.1897-9254.422
  • Windhyastiti, I., Hidayatullah, S., Khouroh, U. (2021), Investment attractiveness rating and factors affecting, Accounting, 7(1), 161-166. doi:10.5267/j.ac.2020.10.001
  • Yelnikova, Ju., Barhaq, A. R. (2020), Transparency of Responsible Investment Environment, Business Ethics and Leadership, 4(4), 68-75. https://doi.org/10.21272/bel.4(4).68-75.2020
  • Yemshanov, D., McKenney, D. W., Hatton, T., Fox, G. (2005), Investment attractiveness of afforestation in Canada inclusive of carbon sequestration benefits, Canadian Journal of Agricultural Economics, 53(4), 307-323. doi:10.1111/j.1744-7976.2005.00021.x
  • Zhang, Y., Liang, J. (2021), Analysis of The Impact of New Energy Development and Utilization on The Environment and Economic Growth, IOP Conference Series: Earth and Environmental Science, 781(4), 042041, IOP Publishing.
  • Zolkover, A., Georgiev, M. (2020), Shadow Investment Activity as a Factor of Macroeconomic Instability, Financial Markets, Institutions and Risks, 4(4), 83-90. https://doi.org/10.21272/fmir.4(4).83-90.2020
  • Zolkover, A., Terziev, V. (2020), The Shadow Economy: A Bibliometric Analysis, Business Ethics and Leadership, 4(3), 1 07-118. https://doi.org/10.21272/bel.4(3).107-118.2020
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171653124

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.