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Alternative title:

Foreign direct investment in the theory of economic development in selected counties of the world

Subject and Keywords:

theory   economic development   foreign direct investment


The aim of this article is to reveal and comment on the results of a test checking the relations between the nett value of the foreign direct investment FDI and the gross domestic product per capita, this connection is the subject of Dunning’s theory of economic development. The test was conducted on the basis of data from selected countries in order to compare correlation tendencies in various regions of the world.The analysis of the interrelationship between both phenomena revealed that in four out of thirteen selected countries a statistically significant positive correlation appeared, only Hungary had a negative correlation. Statistical hypothesis test on the lack of correlation was rejected solely for five countries with high Pearson product–moment correlation coefficient, which allows one to state with 95% probability that such relation occurs in randomly chosen time series. The correlation coefficient assumed the highest value of 0.7. It allows one to claim that the theory of economic development does not fully account for the appearance of the foreign direct investment. This phenomenon is influenced by various micro- and macroeconomical factors which facilitate the decision to transfer the capital to other countries’ economies.

Place of publishing:



Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:


Date copyrighted:



ISSN 1733-5779   ISSN 0239-6661


PAd 102060 II


eng   pol


Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne, ISSN 1733-5779. Nr 9 (2011), s. 63-75

Is version of:

Czasopisma Naukowe w Sieci (CNS)

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.

Autor opisu:

WR U/PAdbg