TITLE:
A Study on the Business Environment, FDI Quality, and Economic Growth in Eastern Europe
AUTHORS:
Zelenska Olha
KEYWORDS:
Business Environment, FDI Quality, Economic Growth, Eastern Europe
JOURNAL NAME:
Open Journal of Business and Management,
Vol.12 No.2,
March
28,
2024
ABSTRACT: The economic development of various countries is inseparable
from the optimization of the business environment and the continuous inflow of
foreign investment. There is a mutual influence and promotion relationship
between the business environment, FDI quality, and economic development. This
article conducts theoretical and empirical research on the relationship between
the business environment, FDI quality, and economic development in Eastern
Europe, with the aim of discovering the regularity of these three factors and
providing valuable policy recommendations for economic development in the
region. This study suggests that there is a single economic structure in the
economic development of Eastern Europe. There are significant income
disparities and unstable political situations. In the early stages of economic
transformation, the business environment played a significant role in promoting
economic growth in Eastern Europe; In the past decade, the quality of FDI has
played a more significant role in promoting economic growth in Eastern Europe. The
improvement of the business environment in Eastern Europe has had a significant
impact on the quality of FDI and economic growth. The business environment, FDI
quality, economic growth coupling and coordination in Eastern Europe are
constantly increasing. There are significant differences in the business
environment, FDI quality, and economic growth indicators among Eastern European
countries. The improvement of the business environment can directly promote
economic growth in Eastern Europe. FDI quality is a transmission channel
through which the business environment promotes economic growth in Eastern
Europe.