Published August 7, 2018
| Version v1
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Macroeconomic determinants of FDI inflows in Macedonia: A breakpoint analysis
- 1. OSCE Academy, Bishkek, Kyrgyzstan
- 2. American University in Cairo (AUC), Egypt
- 3. The British University in Egypt (BUE), Egypt OSCE Academy, Bishkek, Kyrgyzstan
Description
This article investigates the impact of macroeconomic variables on FDI inflow in Macedonia using quarterly data for 2000-2016. The structural breakpoint method is used to disclose the non-linear effects in a context of structural shocks. The results indicate a significant impact of our macroeconomic variables on FDI inflows and reveal temporal heterogeneity of the slopes reflecting a non-linear impact of real GDP, interest rate, real effective exchange rate and trade openness on FDI inflows.
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