English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The paper aims to investigate the causality relationship between the FDI flows as % of the official GDP and the Romanian convergence index towards the EU-average, using Granger causality tests. Using a VECM model, we examine the impact of FDI on the Romanian convergence index covering the period 2000-2013. The obtained results support a unidirectional short-run and long-run Granger causality that runs only from the FDI flows to the convergence index. In the longrun a 1% increase of FDI flows would imply an estimated increase of almost 0.61% in the economic convergence index of Romania towards the EU-average. The IRF and the variance decomposition from VECM indicate a short-run positive relationship between FDI flows and the convergence index. The analysis leads to the finding that on the short-run a 1% increase in FDI/GDP contributes to an increase in the convergence index to EU-average by 1% over the next eight quarters.

Could FDI Inflows Be Considered a Driver of the Romanian Economic Convergence to European Union Average? A Granger Causality Analysis