@article{MTMT:34094894,
	title = {Elite agency in the growth of offshore business services in Romania},
	url = {https://m2.mtmt.hu/api/publication/34094894},
	author = {Jipa-Muşat, Ioana and Prevezer, Martha and Campling, Liam},
	doi = {10.1177/0308518X231181126},
	journal-iso = {ENVIRON PLANN A},
	journal = {ENVIRONMENT AND PLANNING A},
	volume = {56},
	unique-id = {34094894},
	issn = {0308-518X},
	abstract = {Processes of outsourcing and offshoring have driven the changing spatial divisions of labour through foreign investment and development of peripheral regions into key offshore destinations for business services. This paper focuses on the role of elites, transnational and domestic, in the transformation of Romania into a major business services offshoring location in Central Eastern Europe (CEE) over the last two decades. The paper reveals the role of elite agency in connecting domestic resources to business services global production networks (GPNs) in order to drive domestic institutional transformation. A lot has been written about the agency of labour; yet there is a gap in our understanding of the agency of elites, specifically how transnational elites articulate with other elites at the national-, meso- and micro-level and produce institutional changes. Drawing on literature on enclave creation and dual economies, the paper illustrates how the alliance between domestic and transnational elites shaped transformation across the sector by implementing labour market flexibilisation and by crafting a ‘sound’ business environment in terms of infrastructure, investment incentives and bureaucratic framework to emulate institutional conditions of the home country. The development of the Romanian business services sector into an ‘enclave economy’ has become dependent on collaborative networks with domestic universities and intermediary organisations, which played a key role in facilitating foreign investment attraction and linking domestic resources to the needs of multinational firms.},
	year = {2024},
	eissn = {1472-3409},
	pages = {80-99}
}

@article{MTMT:33921811,
	title = {The impact of foreign direct investment on agricultural exports. The evidence from developing countries},
	url = {https://m2.mtmt.hu/api/publication/33921811},
	author = {Kastratovic, Radovan},
	doi = {10.1080/09638199.2023.2175306},
	journal-iso = {J INT TRADE ECON DEV},
	journal = {JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT},
	volume = {33},
	unique-id = {33921811},
	issn = {0963-8199},
	abstract = {In this paper, we examine how foreign direct investment inflows in agriculture affect the agricultural exports of developing countries. The main objective of our analysis is to identify and quantify the export effects of foreign direct investment in the sector, as well as the effects of other relevant export determinants, and to explore the possible long-run relationship between the variables. Using panel data on 80 developing countries observed in the period 2005-2017, we employ the system-generalised method of moments and the method of quasi-maximum likelihood to estimate a dynamic agricultural exports model. Additionally, we test for the cointegration between exports and foreign direct investment using the Pedroni and Kao approaches. We find that foreign direct investment inflows have a positive impact on agricultural exports in the analysed countries in both the short run and the long run. Thereby, we identified the significance of both direct and spillover export effects. This implies that the liberalisation and promotion of foreign investment in agriculture could alleviate the problems of capital scarcity and constraints in developing countries and increase their agricultural export competitiveness.},
	keywords = {AGRICULTURE; EXPORT; Foreign direct investment; COINTEGRATION; system-GMM; QML},
	year = {2024},
	eissn = {1469-9559},
	pages = {276-293}
}

@article{MTMT:32120837,
	title = {Offshoring white collar jobs and structural change in host economies. the regional dimension},
	url = {https://m2.mtmt.hu/api/publication/32120837},
	author = {Klimek, A and Tölgyessy Péterné Sass, Magdolna},
	doi = {10.1080/15387216.2021.1961285},
	journal-iso = {EURASIAN GEOGR ECON},
	journal = {EURASIAN GEOGRAPHY AND ECONOMICS},
	volume = {64},
	unique-id = {32120837},
	issn = {1538-7216},
	abstract = {The main objective of the paper is to investigate the extent to which inward foreign direct investment (FDI) in advanced business services (ABS) - a result of so-called offshoring of white collar jobs - contributes to the structural change of employment in regions of host economies. We use a fixed-effect regression model based on cross-regional panel data for Hungary and Poland for the period between 2005 and 2014. Our findings show that ABS FDI carries structural impacts: employment in foreign-owned firms increases the share of the tertiary sector in a region both directly and indirectly through inducing other tertiary activities as well.},
	keywords = {REGIONS; Foreign direct investment; Central and eastern europe; offshoring; advanced business services},
	year = {2023},
	eissn = {1938-2863},
	pages = {35-59},
	orcid-numbers = {Klimek, A/0000-0001-5504-528X}
}

@article{MTMT:34312100,
	title = {FDI interconnectedness and sustainable economic development: A linear and non-linear Granger causality assessment},
	url = {https://m2.mtmt.hu/api/publication/34312100},
	author = {Quaye, Enoch and Acquaye, Adolf and Yamoah, Fred and Ndiaye, Malick},
	doi = {10.1016/j.jbusres.2023.113981},
	journal-iso = {J BUS RES},
	journal = {JOURNAL OF BUSINESS RESEARCH},
	volume = {164},
	unique-id = {34312100},
	issn = {0148-2963},
	abstract = {Previous studies on foreign direct investment (FDI) have not examined the hidden effects of its inherent connectedness characteristics among different economies. In order to uncover such hidden effects, this study conducts two sets of analyses.Firstly, the systemic risk-based approach constructed using Granger-causality networks and Principal Component Analysis is used to examine the level and degree of the network of pairwise statistical relationships among countries in the Latin American and Caribbean (LAC) region.Secondly, the determinants of the observed connectedness index are examined using regression models. This set of analysis shows that region-specific and global macroeconomic conditions such as the Consumer Price Index of the LAC region, US term spread, and interest rates impact the degree of interconnectedness.The complexity and stability of the system of FDI capital expenditure connectedness within the LAC region offers interesting prospects for macro-economic analysis, policy and stakeholder decision-making and further research development.},
	keywords = {Granger-causality; interconnectedness; FDI networks; FDI capital expenditure; Latin American and Caribbean (LAC) region},
	year = {2023},
	eissn = {1873-7978},
	orcid-numbers = {Acquaye, Adolf/0000-0003-0430-2498}
}

@article{MTMT:33921810,
	title = {Analyzing the Impact of Foreign Direct Investment, Energy Consumption on Services Exports, and Growth of the Services Sector: Evidence from SAARC Countries},
	url = {https://m2.mtmt.hu/api/publication/33921810},
	author = {Xin, Yongrong and Tabasam, Aftab Hussain and Chen, Zhenling and Zamir, Aysha and Ramos-Meza, Carlos Samuel},
	doi = {10.1007/s13132-023-01347-0},
	journal-iso = {J KNOWL ECON},
	journal = {JOURNAL OF THE KNOWLEDGE ECONOMY},
	unique-id = {33921810},
	issn = {1868-7865},
	abstract = {This paper investigates the impact of services FDI inflows on service exports in selected South Asian countries by employing panel data techniques from 2000 to 2020. For robustness of panel data analyses, the study uses second-generation approach and a heterogeneous procedure for panel data for Southern Asia from 2000 to 2020. The empirical investigation of long-term impacts driven by augmented mean group (AMG), common correlated effects mean group (CCEMG), and mean group (MG) assessors further supports the significant and positive impact of FDI, economic growth, and energy consumption. The paper discovered robust evidence that FDI inflows in the service sector significantly contribute to the increase in services exports in the South Asian region. The findings of the paper have important policy implication for boosting exports and addressing the problem of perennial trade deficit in the South Asian region. The results reveal that adoption of investment liberalization policies is essential for South Asian countries to attract services sector FDI to enhance the services exports and to move toward the path of economic stability.},
	keywords = {FDI; South Asian countries; services exports; Services FDI},
	year = {2023},
	eissn = {1868-7873}
}

@article{MTMT:32873394,
	title = {The Role of Uncertainty in Shaping the Relationship between Direct Investments and International Trade: Evidence from VAR Models},
	url = {https://m2.mtmt.hu/api/publication/32873394},
	author = {Adamczyk, Piotr},
	doi = {10.1080/10669868.2022.2078920},
	journal-iso = {J EAST WEST BUSINESS},
	journal = {JOURNAL OF EAST-WEST BUSINESS},
	volume = {28},
	unique-id = {32873394},
	issn = {1066-9868},
	abstract = {In this study, we test whether uncertainty shocks can affect the choice between direct investments and international trade as competitive modes of operating on foreign markets. In order to verify this, we built simple investments-to-trade ratios and used them with selected uncertainty measures in VAR models. Our analysis shows that in the case of the Polish manufacturing sector, different types of uncertainty not only affect the choice between direct investments abroad and exports but also affect the choice between foreign direct investment and imports as different modes of supplying the Polish market by foreign entities.},
	year = {2022},
	eissn = {1528-6959},
	pages = {164-184},
	orcid-numbers = {Adamczyk, Piotr/0000-0003-0112-0568}
}

@article{MTMT:33921812,
	title = {INFLUENCE OF STRUCTURAL DISTRIBUTION OF FDI INFLOWS ON LABOUR PRODUCTIVITY OF VISEGRAD COUNTRIES},
	url = {https://m2.mtmt.hu/api/publication/33921812},
	author = {Cuhlova, Renata and Kotikova, Sylvie},
	doi = {10.32910/ep.73.6.1},
	journal-iso = {ECON REV (ZAGREB)},
	journal = {EKONOMSKI PREGLED / ECONOMIC REVIEW},
	volume = {73},
	unique-id = {33921812},
	issn = {0424-7558},
	abstract = {Although FDI flows into most post-socialist countries are based on their market transformation development, the largest volume is directed to the Visegrad countries that are generally perceived as above-average successful in attracting foreign investors. The paper analyses how does the into the growth potential of labor productivity during period of 2010-2016. The shift-share analysis of OECD data within 11 key sectors decomposes the determinants of labour productivity and determines contribution to the potential of labour productivity growth. The results are interpreted on the basis of the sectoral, competitive and residual effect. Findings proved no signiAcant differences in productivity between economics however the localization of foreign capital to technology-intensive industries does not put pressure on progressive productivity growth. Decreased inflows of foreign capital, averaged by 8% from all sectors within the region, are driven in each country by a different industry. Results also demonstrated more attractive structure of the sectors of the Czech and Hungarian economics for stimulation the inflow of foreign capital into a country. The presented approach contributes to the issue of complexity of the FDI localisation and the countries' ability to assume the presence of foreign capital. The stated recommendations are considering the economic regulations related to pandemic situation in 2020.},
	keywords = {transition economies; shift-share analysis; Multinationals; national productivity},
	year = {2022},
	eissn = {1848-9494},
	pages = {825-846},
	orcid-numbers = {Cuhlova, Renata/0000-0002-5109-6693}
}

@article{MTMT:33359332,
	title = {Impact of data trade restrictions on IT services export: A cross-country analysis},
	url = {https://m2.mtmt.hu/api/publication/33359332},
	author = {Gupta, Shagufta and Ghosh, Poulomi and Sridhar, V.},
	doi = {10.1016/j.telpol.2022.102403},
	journal-iso = {TELECOMMUN POLICY},
	journal = {TELECOMMUNICATIONS POLICY},
	volume = {46},
	unique-id = {33359332},
	issn = {0308-5961},
	abstract = {Trade in digital goods and services have witnessed increasing growth in recent years, accompanied by a corresponding increase in data flows across national boundaries. At the same time, governments around the world have enacted data policies that restrict such cross border data flows in their effort to claim sovereignty over data generated from within their countries. However, scholars have long proclaimed that any restrictions to the Internet and associated digital trade will have serious economic consequences. Given this context, we analyze the impact of data policies that impose restrictions on digital trade, specifically on cross border data flows. We construct Market Data Restrictions Index (MDRI), that measures the data restrictions faced by an exporting country from their trade partners. We use a variation of random effect model on a panel data set consisting of 60 countries that contribute to more than 50 percent of IT services export during the period 2006-2017. The results indicate that apart from variables such as Foreign Direct Investment, and Service Value Added, the MDRI of partner countries has a moderate negative effect on IT services export. If countries move from liberal policies to stringent data restrictions, the economies of the country that exports its ICT services to these partner countries is affected substantially. Hence government regulators shall be cautious in imposing stringent data restrictions as it affects global digital trade.},
	keywords = {Foreign direct investment; correlated random effects; Data localization; Service value added; Network readiness index},
	year = {2022},
	eissn = {1879-3258}
}

@article{MTMT:33359334,
	title = {MODELLING EVALUATION OF MACROECONOMIC OUTCOMES STIMULATED BY GLOBAL BUSINESS SERVICES IN CENTRAL AND EASTERN EUROPE COUNTRIES},
	url = {https://m2.mtmt.hu/api/publication/33359334},
	author = {Kislovska, Anna and Tamosiuniene, Rima},
	journal-iso = {TRANSFORM BUS ECON},
	journal = {TRANSFORMATIONS IN BUSINESS & ECONOMICS},
	volume = {21},
	unique-id = {33359334},
	issn = {1648-4460},
	abstract = {Global Business Services Center is modern, constantly developing. agile and value-driven business organisation form, which is well-known and appreciable in business community. However, it is still not so well known in the scientific community. This scientific paper contributes to improvement of scientific exploration level of Global Business Services Centers as economic phenomenon. reviews the limitations encountered by scientists, who aim to evaluate the economic outcomes of Global Business Services Centers, and presents the model for comprehensive evaluation of these macroeconomic outcomes taking into consideration the multiplier effect.},
	keywords = {Global Business Services Centers (GBSCs); multiplying macroeconomic outcomes evaluation; GBSCs research limitations},
	year = {2022},
	pages = {149-168}
}

@article{MTMT:32663600,
	title = {Factors hinder the foreign entities business operation in Visegrad countries},
	url = {https://m2.mtmt.hu/api/publication/32663600},
	author = {Singh, Devesh},
	doi = {10.1002/bsd2.198},
	journal-iso = {BUS STRATEG DEV},
	journal = {BUSINESS STRATEGY & DEVELOPMENT},
	volume = {5},
	unique-id = {32663600},
	issn = {2572-3170},
	abstract = {Abstract Why do foreign firms and domestic firms face different hindering factors in a group of the same structural economies and business environment created by the same macroeconomic variables? This study addresses the essential question of the impact of a sound business environment in attracting or deterring foreign direct investment (FDI). This research utilizes the firm-level World Enterprises Survey (WES) data and employed the parametric and non-parametric methodology. The binary logistic regression and decision tree have been used to analyze the business environment. The author examines how macroeconomic factors influence the FDI investment decision. It was found that the two models perform very similarly in terms of predicting the business obstacle. Results of this study show that the trade regulation is the area of concern for a sound business environment that is identified by both methods in this study. Countries with stronger contract enforcement and more efficient international trade regulations create a pleasant business environment to attract more FDI.},
	keywords = {Decision tree; Foreign direct investment; Visegrad countries; Business environment; Industries; BUSINESS STRATEGY; Ease of Doing Business; business operation},
	year = {2022},
	eissn = {2572-3170},
	pages = {274-285}
}

@misc{MTMT:33586056,
	title = {A Stakeholder View of Foreign Direct Investments and Regional Development},
	url = {https://m2.mtmt.hu/api/publication/33586056},
	author = {Vincze, Zs and Akpinar, M},
	unique-id = {33586056},
	year = {2022},
	pages = {123-129}
}

@inproceedings{MTMT:33359336,
	title = {WHAT IMPACTS FDI IN EU?},
	url = {https://m2.mtmt.hu/api/publication/33359336},
	author = {Bezic, Heri and Galovic, Tomislav and Balaz, Davorin},
	booktitle = {10TH INTERNATIONAL SCIENTIFIC SYMPOSIUM REGION ENTREPRENEURSHIP DEVELOPMENT (RED 2021)},
	unique-id = {33359336},
	abstract = {There is variety of positive effects of FDI on national or regional economy because it ensures technology transfer, derives export competitiveness, employment and increases business dynamism. During the Fourth Industrial Revolution, there is significant importance of FDI. It is especially related to EU economy because it will help to overcome challenges and difficulties EU is facing with. These challenges are consequences of Covid-19 pandemic and competition represented by other developed and growing economies. Since FDI enhances convergence process, it can decrease differences in development level among EU economies. Research subject is competitiveness of the investment environment in EU and member states for the period 2014-2019. Objective we set is to appoint drivers of FDI in EU and its member countries. Determining key drivers to attract FDI will enable to create recommendations that can be guidelines for macroeconomic policies that will increase competitiveness and convergence level, enhance economic growth of EU and its member countries. Such macroeconomic policies will enable EU to overcome consequences of Covid-19 crisis and remain competitive in global environment in the age of the Fourth Industrial Revolution. The methodology is grounded on a system generalized method of moments estimator for dynamic panel data models and includes 27 EU members. Results show correlation of innovation capacity, tax burden, human capital, ICT and lower government involvement in monetary flows on FDI inflows in EU member countries. Most important contribution within our paper is explanation of important factors to attract FDI in EU, creation of policy recommendations to enhance economic growth, increase competitiveness and convergence level in EU during Fourth Industrial Revolution.},
	keywords = {competitiveness; EU; FDI; Fourth Industrial Revolution},
	year = {2021},
	pages = {592-606}
}

@inbook{MTMT:32043504,
	title = {Fel lehet-e zárkózni külföldi közvetlen tőkével? Az FDI szerepe a visegrádi országok gazdasági növekedésében},
	url = {https://m2.mtmt.hu/api/publication/32043504},
	author = {Gál, Zoltán},
	booktitle = {Trendek és töréspontok II.},
	unique-id = {32043504},
	year = {2021},
	pages = {32-40},
	orcid-numbers = {Gál, Zoltán/0000-0002-7274-9163}
}

@article{MTMT:32792827,
	title = {The Human Factor in the Hungarian Business Services Sector Development in Comparison with Regional Competitors},
	url = {https://m2.mtmt.hu/api/publication/32792827},
	author = {Gál, Zoltán and Marciniak, Róbert},
	doi = {10.15678/ZP.2021.56.2.03},
	journal-iso = {PUBL GOV},
	journal = {PUBLIC GOVERNANCE / ZARZADZANIE PUBLICZNE},
	volume = {56},
	unique-id = {32792827},
	issn = {1898-3529},
	year = {2021},
	eissn = {2658-1116},
	pages = {32-52},
	orcid-numbers = {Gál, Zoltán/0000-0002-7274-9163; Marciniak, Róbert/0000-0002-8902-3502}
}

@inbook{MTMT:31635487,
	title = {The development of European business services value chains: The perspective of emerging economies},
	url = {https://m2.mtmt.hu/api/publication/31635487},
	author = {Geodecki, Tomasz},
	booktitle = {Outsourcing in European Emerging Economies: territorial embeddedness and global business services},
	doi = {10.4324/9781003018889-7},
	unique-id = {31635487},
	year = {2021},
	pages = {66-84}
}

@article{MTMT:32538634,
	title = {Foreign direct investment as a factor of trade development: cases of selected countries},
	url = {https://m2.mtmt.hu/api/publication/32538634},
	author = {Halina, Shmarlouskaya and Natallia, Shalupayeva and Alina, Danileviča and Alina, Betlej and Ludmila, Aleksejeva},
	doi = {10.9770/jesi.2021.9.2(25),},
	journal-iso = {ENTREPR SUST ISS},
	journal = {ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES},
	volume = {9},
	unique-id = {32538634},
	abstract = {The purpose of the article is to identify the specifics and common features of the foreign direct investment (FDI) impact on foreign trade development in the Visegrad Group countries (the Czech Republic, the Republic of Hungary, the Republic of Poland and the Slovak Republic), to determine trade-related effects of FDI in the economies and the factors that caused them, as well as to highlight key points of the policy of FDI-led export expansion. The methodological basis of the study is presented by the theories of FDI and capital transnationalization that affect the FDI and international trade nexus, as well as the global value chains (GVCs) theories. The information base for the study was the UNCTAD data on FDI stock, FDI flows, merchandise and services exports and imports of the Visegrad countries for the period 1995–2017, as well as the databases of WTO, Eurostat and Central statistical offices of the Visegrad countries. The paper adds to the understanding the FDI and foreign trade nexus in a recipient country. The quantitative and qualitative trade-related effects of FDI attracted into the Visegrad Group countries are determined and calculated, the factors caused them are revealed. Econometric assessments of the relationship between FDI and export-import operations in the studied economies are carried out, tools for forecasting the export effects of FDI are developed. Key points of the policy of FDI-led export expansion are highlighted.},
	year = {2021},
	eissn = {2345-0282},
	pages = {384-401}
}

@article{MTMT:31725754,
	title = {The impact of foreign direct investment on host country exports. A meta-analysis},
	url = {https://m2.mtmt.hu/api/publication/31725754},
	author = {Kastratovic, Radovan},
	doi = {10.1111/twec.13011},
	journal-iso = {WORLD ECON},
	journal = {WORLD ECONOMY},
	volume = {43},
	unique-id = {31725754},
	issn = {0378-5920},
	abstract = {In this paper, we present a synthesis of the literature examining the impact of foreign direct investment on host country exports. We reviewed and summarised 37 theoretical papers, 27 micro-level empirical studies and analysed 627 specifications from 117 macro-level empirical studies. In exploring the reasons behind the variations of the reported effects in the empirical literature, we applied meta-regression methodology. Our results indicate that the existing empirical literature generally reports a positive impact of foreign direct investment on exports, especially in developing countries. The reported effects are sensitive to research design, model specification and the context of the research. No publication bias was detected in the sampled studies. Based on our results, we provide some avenues and guidelines for future research on this topic. Our results could also have some important implications for policymakers.},
	keywords = {Meta-analysis; international trade; EXPORT; Foreign direct investment},
	year = {2020},
	eissn = {1467-9701},
	pages = {3142-3183}
}

@inproceedings{MTMT:31667120,
	title = {The interpretation of automation and robotization based on examples from the business services sector},
	url = {https://m2.mtmt.hu/api/publication/31667120},
	author = {Marciniak, Róbert and Móricz, Péter and Baksa, Máté},
	booktitle = {Farkas Ferenc II. Nemzetközi Tudományos Konferencia, 2020},
	unique-id = {31667120},
	year = {2020},
	pages = {55-70},
	orcid-numbers = {Marciniak, Róbert/0000-0002-8902-3502; Baksa, Máté/0000-0002-0834-4727}
}

@{MTMT:31853638,
	title = {The Link between Foreign Direct Investment in Services and the Competitiveness of the Polish Economy in the Service Sector. A Comparative Analysis vis-à-vis the Visegrad Group Economies},
	url = {https://m2.mtmt.hu/api/publication/31853638},
	author = {Napiórkowski, Tomasz M},
	booktitle = {Poland Competitiveness Report 2020. Focus on service sector},
	unique-id = {31853638},
	year = {2020},
	pages = {121-140}
}

@article{MTMT:31295821,
	title = {Impactsof Foreign Direct Investment Inflows on Employment in Vietnam},
	url = {https://m2.mtmt.hu/api/publication/31295821},
	author = {Nguyena, Thai Quang and Tranb, Lien Thi Kim and Phamc, Phuong Linh and Nguyen, Thanh Duc},
	journal-iso = {Institutions and Economies},
	journal = {Institutions and Economies},
	volume = {12},
	unique-id = {31295821},
	issn = {2232-1640},
	year = {2020},
	pages = {37-62}
}

@mastersthesis{MTMT:30816905,
	title = {FOREIGN DIRECT INVESTMENT LOCATION DETERMINANTS IN INDIA: NATIONAL, SUBNATIONAL AND REGIONAL LEVEL APPROACH},
	url = {https://m2.mtmt.hu/api/publication/30816905},
	author = {Singh, Devesh},
	doi = {10.17166/KE2019.010},
	unique-id = {30816905},
	year = {2019}
}

@inproceedings{MTMT:30659167,
	title = {Trends in FDI inflows in manufacturing support services},
	url = {https://m2.mtmt.hu/api/publication/30659167},
	author = {Hintošová, A. Bobenič},
	booktitle = {Production Management and Business Development},
	doi = {10.1201/9780429468667-10},
	unique-id = {30659167},
	year = {2018},
	pages = {22-27}
}