In 1961, in the earlier stage of the European integration, professor Bela Balassa proposed a five successive phase model. Today, the half century experience on integration and corresponding literature issued lets us see rather two big phases (instead of five). The one would be the incipient...

This article examines the FDI in Romania using the autoregressive distributed lag model (ARDL) compared with conventional (error correction model) ECM. The results based on the bounds testing procedure implemented by Pesaran in 2001, confirm that a stable, long-run relationship exists between...

The paper aims to present the evolution of Foreign Direct Investments in Romania after 1989. The data were provided by two institutions, each one using a different methodology for the evaluation of FDI inflows: National Bank of Romania (NBR) and Chamber of Commerce and Industry of Romania...

This paper tries to provide a brief and comprehensive view on the foreign direct investment (FDI) in Romania. Besides, FDI will be viewed in the regional context of the CEE and EU member countries. Some common and specific features of FDI will be here approached and some conclusions will be...

This paper focuses on the Romania’s case in the (former) Central and Eastern European (CEE) region3, as for foreign direct investments (FDI). The flows, stocks (the longer the analyzed period, the less significant the current FDI inflows, unlike the cumulated stocks that become a significant...