TY - JOUR AU - Simelyte, Agne AU - Dudzeviciute, Gitana AU - Liucvaitiene, Aušra PY - 2017/10/01 Y2 - 2024/03/28 TI - Scandinavian Foreign Direct Investment and Economic Growth of the Baltic States JF - European Journal of Sustainable Development JA - EJSD VL - 6 IS - 3 SE - DO - 10.14207/ejsd.2017.v6n3p105 UR - https://www.ecsdev.org/ojs/index.php/ejsd/article/view/505 SP - 105 AB - <p>International capital influences not only the growth of GDP but has impact on the other areas of life<br />such as research and development, export or the growth of salaries. Even more, the intensity of<br />inward foreign direct investment (hereinafter – FDI) shows the host country’s openness to foreign<br />capital and its integration into the international market. The article analyses the significance of<br />foreign direct investment in the country and its role in economic development. The authors explore<br />the problems, which exist in attracting FDI. The object of research is the role of Scandinavian<br />capital in the Baltic States. The aim of research is to measure the impact of Scandinavian foreign<br />direct investment on the economic growth of the Baltic States. To implement the aim, the authors of<br />the article apply bivariate correlation and Granger causality test. The research covers the period of<br />2000-2016. The final results reveal that the Baltic States, especially Latvia, are depended on foreign<br />capital. This proves that the Baltic States compete for inward FDI from Scandinavia.</p><p><em>Keywords: foreign direct investment, economic growth, Baltic States, Scandinavian FDI</em></p> ER -