Whether globalization in form of fdi enhances national wealth : empirical evidence from Lithuania
LTStraipsnyje siūlomas originalus, teoriškai pagrįstas modelis, skirtas nustatyti, kaip laikui bėgant kinta tiesioginių užsienio investicijų (TUI) poveikis šalies šeimininkės ekonominiam vystymuisi. Autoriai, vertindami TUI poveikį, taiko sąnaudų ir naudos analizės principą- Kadangi valstybės politika, palanki užsienio investicijom, dažniausia reiškia šalies sąnaudas joms pritraukti, kyla ekonominių instrumentų, reikalingų TUI ekonominiam naudingumui įvertinti, sukūrimo problema. Jai spręsti pasitelkiamos neoklasikinė ir industrinės organizacijos teorijos. Straipsnyje iškeliama ir tikrinama prielaida, kad TUI poveikis šalies šeimininkės ekonominiam vystymuisi pakinta po TUI atėjimo praėjus vidutiniam, t. y. 5-6 metų, laikotarpiui. Tirti naudojami 1996–2007 m. laikotarpio Lietuvos trijų pagrindinių pramonės sektorių duomenys. Sukurto modelio taikymo rezultatai leidžia atskleisti nevienodą TUI poveikį skirtingiems ekonomikos sektoriams bei leidžia teigti, jog pradinis teigiamas TUI poveikis vietinės ekonomikos vystymuisi turi tendenciją mažėti po investavimo praėjus 5-6 metams. [Iš leidinio]Reikšminiai žodžiai: Ekonominis augimas; Nacionalinis turtas; TUI (tiesioginės užsienio investicijos); Teorinis modelis; Tiesioginės užsienio investicijos; Economic growth; FDI; Foreign direct investment; Lithuania; Lithuania, theoretical framework; National wealth; Theoretical framework.
ENPresented paper aims to suggest theoretical framework, application of which would allow indicating if foreign direct investment (FDI) facilitates or hinders economic development of host country economy. Central ideas elaborated in the article are as follows. The first, necessity of cost-benefit analysis of FDI inflow is emphasized. As state policy favourable for foreign capital means costs, instrument for benefit estimation is required. Neoclassical and industrial organization theories are being employed for FDI effects evaluation purpose. Assumption about changing effect of FDI after medium-term period of 6-7 year passes has been raised and tested. Data of Lithuanian manufacturing branch and its three main comprising manufacturing sectors for the 1996-2007 period have been employed. Results of application of elaborated theoretical framework lead to corollary about different impact of FDI on various sectors of economy and high probability of diminishing positive initial impact after medium-term time span passes. [From the publication]
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