PARTICULARITIES OF FOREIGN DIRECT INVESTMENT IN ROMANIAN SERVICES SECTOR
Abstract
The paper is focused on the evolution of foreign direct investment at international level taking in account many changes which were imposed by globalization, international financial crisis and sustainable development. The challenges imposed by this phenomenon determined many quantitative and qualitative movements in the universe of foreign direct investment. The authors observed moving the interests of foreign investors from the secondary sector to the services sector, as these had major implications for the development of the host countries. Another issue that has been analyzed by the authors is the foreign direct investments in Romanian economy, especially in the services’ sector. They identify the special service fields preferred by the foreign investors.
Downloads
References
Bhattacharya, R., Patnaik, I., & Shah, A. (2012). Export versus FDI in services. The World Economy, Vol. 35, No. 1, 61-78.
Bijsterbosch, M., & Kolasa, M. (2010). FDI and productivity convergence in Central and Eastern Europe: an industry-level investigation. Review of World Economics, Vol. 145, No. 4, 689-712.
Botrić, V. (2010). Foreign direct investment in the Western Balkans: privatization, institutional change, and banking sector dominance. Economic Annals, Vol. 55, No. 187, 7-30.
Claessens, S., & Horen, v., N. (2014). Foreign banks: Trends and impact. Journal of Money, Credit and Banking, Vol. 46, No. 1, 295-326. doi:10.1111/jmcb.12092
Cristea, M., Dracea, R., & Marcu, N. (2010). The direction of the financial sector's involvement in overcoming crisis: A case study of Romania. African Journal of Business Management, Vol. 4, No. 15, 3356.
Dracea, R., & Cristea, M. (2008). Banc assurance-banking and insurance complement. Romanian results on the international background. Revista tinerilor economişti, No. 10, 36-44.
Fernandes, A. M., & Paunov, C. (2012). Foreign direct investment in services and manufacturing productivity: Evidence for Chile. Journal of Development Economics,Vol. 97, No. 2, 305-321.
Fu, X., Helmers, C., & Zhang, J. (2012). The two faces of foreign management capabilities: FDI and productive efficiency in the UK retail sector. International Business Review, Vol. 21, No. 1,71-88.
Ghani, E., editor (2010). The service revolution in South Asia., Oxford University Press, New Delhi, 2010
Haralambie, G.A. (2015), Globalizarea si sursele de finantare ale firmei, Pro Universitaria Publishing House, Bucharest
Hoekman, B., & Mattoo, A. (2011). Services trade liberalization and regulatory reform: re-invigorating international cooperation.
Hübler, M., & Keller, A. (2010). Energy savings via FDI? Empirical evidence from developing countries. Environment and Development Economics, Vol. 15, No. 1, 59-80.
Iacovoiu, V. B.(2009) Investiţiile străine directe între teorie şi practică economică. Analize comparative,/Foreign Direct Investment between economic theory and practice. Bucureşti: ASE.
Iacovoiu, V. B. (2015). Considerations about Foreign Direct Investments and Economic Development. International business, Vol. 15, No. 1, 173-22.
Iacovoiu, V. B., Bucur, C. R., & Trif, D. (2009). Development of Services in Romania under the Influence of Transnational Corporations. Petroleum-Gas University of Ploiesti Bulletin, Economic Sciences Series,Vol. 61, No. 4.
Ivan, M., & Muresan, J. D. (2010). The Implications of Globalization upon the International Banking Activities. In The 14th International Business Information Management Association Conference-Business Transformation through Innovation and Knowledge Management An Academic Perspective IBIMA Proceedings. 2261-2267.
Javorcik, B. K. S. (2014). Does FDI bring good jobs to host countries?. World Bank.
Kinda, T. (2010). Investment climate and FDI in developing countries: firm-level evidence. World development, Vol. 38, No. 4, 498-513.
Lennon, C. (2006) Trade in Services and Trade in Goods: Differences and Complementarities
Matei, M. (2004). Foreign direct investments. Functions and evolutions 1990-2000.
Matei, M., & Done, I. (2009). Considerations regarding the role of foreign direct investment in Romanian banking system. Revista Romana de Economie, Vol. 28, No. 1.
Nefussi, B., & Schwellnus, C. (2010). Does FDI in manufacturing cause FDI in business services? Evidence from French firm‐level data. Canadian Journal of Economics/Revue canadienne d'économique, Vol. 43, No. 1, 180-203.
Noland, M., Park, D., & Estrada, G. B. (2012). Developing the service sector as engine of growth for Asia: an overview. ADB Economics Working Paper Series no 320
Park, D., & Shin, K. (2012). The service sector in Asia: Is it an engine of growth?. Washington, DC: Asian Development Bank.
Ramasamy, B., & Yeung, M. (2010). The determinants of foreign direct investment in services. The World Economy, Vol. 33, No. 4, 573-596.
Rădulescu, I. G. (2008). Comerţ Internaţional, Petroleum-Gas University of Ploiesti Publiching House, 2008
Rădulescu, I. G., & Dumbrăvescu, B. (2009). The National and International Dimension of Electronic Commerce. Aspects of e-commerce Development in France and Romania. Petroleum-Gas University of Ploiesti Bulletin, Economic Sciences Series, Vol. 61, No. 1.
Sen, C. (2011). FDI in the Service Sector–Propagator of Growth for India?. MPRA Paper No. 30574, posted 3. May 2011
Riedl, A. (2010). Location factors of FDI and the growing services economy. Economics of Transition, Vol. 18, No. 4, 741-761.
Ungureanu, A. N. (2016) Romanian Spa Tourism in the Perspective of Globalization Services, LAP LAMBERT Academic Publishing, Germany,
Ungureanu A., Nastić, L. (2012), Romanian tourism in the context of services globalization, Proceedings of The International Scientific Meeting „Sustainable agriculture and rural development in terms of the Republic of Serbia strategic goals realization within the Danube region - preservation of rural values”, Tara – Serbia, December, 6-8th 2012, pp 1007-1026
Voica, M. C. (2016), Changes of EU industrial policy and its effects on Romania's industrial paradigm, Industrija, Vol. 44, No. 4, 197-210
Voica, M. C., Panait, M., & Haralambie, G. A. (2015). The Impact of Foreign Direct Investment on Sustainable Development. Petroleum-Gas University of Ploiesti Bulletin, Technical Series, Vol. 67, No. 3.
Zaman, G., Vasile, V., Matei, M., Croitoru, C., & Enescu, G. (2011). Some challenging (macro) economic aspects of FDI in Romania. Romanian Journal of Economics, Vol. 2, No. 42, 2011-2.
CE (Comisia Europeana), (2015), Raportul de țară al României pentru 2015 Inclusiv un bilanț aprofundat privind prevenirea și corectarea dezechilibrelor macroeconomice, Bruxelles
OECD, (2008), The contribution of services to development and the role of trade liberalisation and regulation, Global Forum on international Investment
National Bank of Romania - NBR (2015), Annual report, Bucharest
National Bank of Romania NBR (2005), Statistics regarding FDI, Bucharest
National Bank of Romania NBR (2015), Statistics regarding FDI, Bucharest
UNCTAD (2004), World Investment Report 2004. The shift towards services, United Nations, New York and Geneva
UNCTAD (2008), World Investment Report 2008. Transnational corporations and infrastructure challenge, United Nations, New York and Geneva
UNCTAD 2014, World Investment Report 2014. Investing in the SDGs: An Action Plan, United Nations, New York and Geneva
