Table of Contents

List of Abbreviations...........................................................................................i
List of Tables and Graphs..................................................................................ii

1. Introduction, organisational context and research objectives......................................

1

2. The Literature Review.............................................................................................

4
2.1 FDI and GDP growth.....................................................................................................
4
2.2 The Determinants.........................................................................................................
8

3. Research Design and Methods.........................................................................13

3.1 The Regression Model.................................................................................................

17
3.2 The Sample and the Time Interval............................................................................... 17
3.3 Exclusions and Missing Data.................................................................................... 18
3.4 Multicollinearity.........................................................................................................
19
3.5 Tests ........................................................................................................... 19
3.6 Procedures................................................................................................... 19

4. Findings, analysis and evaluation...............................................................................................

21
4.1 Correlation and Regression results..................................................................
21
4.2 The coefficients................................................................................................
25
4.2.1 "Wrong" Signs................................................................................ 26
4.3 Bulgaria, Romania and Poland........................................................................... 31
4.4 Czech Republic, Hungary and Slovenia............................................................. 34
4.5 Albania, Bosnia and Herzegovina and Macedonia............................................. 35
4.6 Slovak Republic and Croatia............................................................................. 36

5. Conclusions, implications for practice and policy and recommendations.....................................

37
5.1 Conclusions.......................................................................................................
37
5.2 Limitations and Implications for Future Research.............................................. 38
5.3 Recommendations............................................................................................. 39

References...................................................................................................................................
42

Appendices...................................................................................................................................
50
Appendix I. Data Set by Determinant and Definitions of Variables....................... 50
Appendix II. Correlation and Regression Results by Country............................... 82